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Senegal’s Economy Surges 11.6% on Oil Production Boost

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Kingsley Kobo

Kingsley Kobo is an expert on Francophone West and Central Africa, with over 15 years' experience covering business, finance, politics, tech, and more across both regions.
  • Fourth-quarter GDP rises sharply to $10.4 billion
  • Excluding oil impact, growth moderates to 3.3%

Dakar, Senegal – Senegal’s real gross domestic product (GDP) expanded by 11.6% year-on-year in the fourth quarter of 2024, reaching $10.4 billion, driven largely by oil extraction and robust growth in services, according to official figures released Thursday.

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