Dakar, Sept 28 (APS) - Senegal's Gross Domestic Product (GDP) in volume terms, seasonally adjusted (CVS), fell in the fourth quarter of 2020 by 2.5% compared to the previous quarter, says the National Agency for Statistics and Demography (ANSD). activity in all subsectors: primary (-0.5%), secondary (-4.2%) and tertiary (-2.6%)", explains the ANSD. The net subsidy spools on products recorded a decrease of 0.9% over the period under review, notes the Agency, which has just published the Quarterly GDP Note which summarizes the recent evolution of Senegal's economic activity

Regarding demand, the ANSD notes that there was a quarterly decrease of 1.7% in final consumption and a 1.8% increase in gross capital formation.

"Economic activity, in the fourth quarter of 2020, contracted by 1.3% compared to the fourth quarter of 2019. This underperformance is reflected in the secondary sector (-2.2%) and the tertiary sector (-2.8%). The good performance of the primary (+5.2%) mitigated this decline," she continues.

It indicates that on a year-on-year basis, a 1.7% increase in gross capital formation and a 3.5% fall in final consumption were recorded.

Gross domestic product in value is estimated at CFAF 3,076.7 billion in the fourth quarter of 2020.