Economics
Senegal's Economy Almost a Third Bigger After Data Overhaul
- GDP at current prices $19.6 billion in 2016 after revision
- West African nation’s economy expanded at 6.2% in 2016
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Senegal’s economy is almost a third bigger than previously estimated after the West African nation’s statistical agency changed its base for measuring gross domestic product.
The country’s GDP at current prices measured 11.25 trillion CFA francs ($19.6 billion) in 2016, the National Statistics Agency said in a statement on its website. That’s 29 percent bigger than the previous estimate of 8.7 trillion francs, according to International Monetary Fund data.