First Oil Export Spurs Record Quarterly GDP Growth in Senegal

[Daba Finance] Senegal’s economy grew at a record pace in the third quarter of 2024 as the nation began exporting oil. Gross domestic product rose 8.9% from the previous quarter and 11.5% year-on-year. The International Monetary Fund projects the economy will expand by 9.3% in 2025, driven by new oil and gas revenues.