PIB : légère croissance de 0,3% au deuxième trimestre 2025, selon l’Ansd
Senegal's economic activity recorded a slight slowdown in the second quarter of 2025, with a 0.3% increase in real gross domestic product (GDP) adjusted for seasonal variations (Cvs), according to the latest economic report published by the National Agency for Statistics and Demography (ANSD), on its official website.
This moderate growth is explained by the underperformance of the primary (-0.6%) and tertiary (-0.5%) sectors, as well as by a drop in taxes net of subsidies on products (-2.9%), which have attenuated the strong dynamics of the secondary sector (+3.2%), according to the agency.
Excluding hydrocarbons, the situation appears more bleak. Indeed, "GDP excluding oil and gas fell by 0.5%, and excluding hydrocarbons and agriculture, the decline was 0.4%," notes this document reviewed by Seneweb.
On the demand side, the external balance drove growth, driven by a 10.2% increase in exports and a 6.5% reduction in imports. In contrast, domestic demand contracted, with a significant drop in gross fixed capital formation (-6.8%) and final consumption down 0.9%.
Exports on the rise
Year-on-year, economic performance remains impressive. ANSD notes that real GDP jumped 11.8% compared to the second quarter of 2024. This rebound is mainly due to strong growth in the secondary sector (+37.7%), followed by the primary sector (+6.7%) and the tertiary sector (+3.3%). Net taxes on products also increased by 3.6%.
However, excluding hydrocarbons, annual growth is much more modest, at 2.5%, reflecting the economy's growing dependence on this sector.
On demand, exports exploded by 46.9%, while gross fixed capital formation increased by 3.7% and final consumption by 3.1%, still compared to the second quarter of 2024. Imports, for their part, fell by 4.7%.
The same source finally informed that the nominal GDP for the quarter stood at 4,701.9 billion FCfa.
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