Senegal GDP Per Capita SENGDPPC Economic
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What is Senegal GDP Per Capita?
Senegal's GDP per capita represents the average economic output per person within the country. It is calculated by dividing the nation's total Gross Domestic Product (GDP) by its total population. This metric is a key indicator of a nation's standard of living and economic development. Economists and policymakers closely monitor GDP per capita as it offers insights into productivity, income levels, and overall economic well-being. A rising GDP per capita suggests economic growth is outpacing population growth, potentially leading to improved living standards, increased consumption, and greater investment opportunities. Conversely, a declining GDP per capita can signal economic contraction, reduced individual wealth, and potential challenges in meeting basic needs. It is a fundamental benchmark for comparing economic performance across countries and tracking progress over time.
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