Senegal is revising its growth rate upwards. Against an initial projection of 3.7%, the real GDP growth rate is projected at 5% for 2021.

The real GDP growth rate is projected for 2021 at 5%, against an initial projection of 3.7%, thanks to efforts to implement structuring investments and the recovery of the world economy. According to the Senegalese Minister of Economy, Planning and Cooperation, Amadou Hott, the country is on track to achieve growth of 5% in its Gross Domestic Product in 2021, against an initial projection of 3.7% . Referring to the decline in the growth rate recorded by Senegal in 2020 (1.5% against 4.2 in 2019), the Minister of Economy pointed out that this was a performance due to a international context marked by recession.

At the macroeconomic level, the period under review was marked by a slowdown in economic growth due to the effects of the pandemic with a real GDP growth rate estimated at 1.5% in 2020 against 4.4% in 2019. policy of streamlining operating expenditure continued in 2020. However, the budget deficit stood at 6.4% of GDP in 2020 against 3.9% in 2019. The total public debt outstanding stands at 8,904 7 billion FCFA in 2020, against 7,825.2 billion FCFA in 2019, an increase of 13.8%. The ratio of public debt to GDP stood at 62.8% in 2020 against 57.3% of GDP in 2019.