This overview provides a summary of the selected indicators, including their latest values, changes over time, and key statistics.
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This economic indicator measures the total monetary value of all finished goods and services produced within Senegal during a specific period, expressed in current U.S. dollars. It provides a standardized way to compare Senegal's economic output against global benchmarks and over time, removing the effects of currency fluctuations. Economists and policymakers monitor this figure to gauge the overall health and growth trajectory of the Senegalese economy. A rising GDP often signals increased production, job creation, and higher living standards, while a declining GDP can indicate a recession or economic slowdown. It is calculated by summing consumption, investment, government spending, and net exports. Changes in this indicator are crucial for informing fiscal and monetary policy decisions, attracting foreign investment, and assessing the nation's economic competitiveness.
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