
Senegal’s GDP Surges 8.9% in Q3 2024, Fueled by Oil Boom – But Contract Revisions Loom
Gambiaj.com – (Dakar, Senegal) – Senegal’s economy has seen a historic surge, with a remarkable 8.9% increase in Gross Domestic Product (GDP) in the third quarter of 2024, driven largely by the burgeoning oil sector. According to data from the National Agency for Statistics and Demography (ANSD), the country’s economic performance is primarily attributed to the exploitation of the Sangomar oil field, inaugurated in June 2024, which alone accounted for 6.8 percentage points of GDP growth.