Senegal's government projects growth of 1.5% in 2027, after an estimated 2.7% in 2026 and 6.75% in 2025, Finance Minister Cheikh Diba told the National Assembly's finance committee in his presentation of the 2027 budget bill. Growth outside oil and gas was only 2.2% in 2025, he said.
Analysis: Under the government's projections, Senegal would grow far more slowly than its neighbors. The IMF's lowest 2026 forecast for any other member of the West African Economic and Monetary Union (WAEMU) is 4.4%, for Burkina Faso. Growth outside oil and gas was already weak in 2025, at 2.2%. Meanwhile, the minister said oil and gas fields drove the 6.75% total. The 2027 bill also cuts the deficit by 383.5bn FCFA (€585mn) to 1,351.7bn FCFA (€2.06bn), by our calculation. Such a squeeze typically weighs on demand. The National Assembly must vote on the bill by about December 11.
Source: Ministry of Finance and Budget, Allocution du ministre de l'Économie, des Finances et du Plan devant la Commission des finances et du contrôle budgétaire, projet de loi de finances initiale 2027 (PLFI 2027), published on vie-publique.sn on November 7, 2026, 2027 (projection) and 2026 (estimate) and 2025 and 2027 (budget bill); Ministry of Finance and Budget, Projet de loi de finances rectificative (PLFR) 2026, exposé des motifs, 2026; Press reports, Reuters, 'IMF predicts lower growth, bigger current account deficit for debt-laden Senegal', April 14, 2026 (via MarketScreener), 2026 (April 2026 forecast); IMF, IMF, World Economic Outlook (October 2026) database, DataMapper API (indicator metadata: source 'World Economic Outlook (October 2026)', last modified 2026-10-08), 2026 and 2025