INSIGHT SENEGAL 1 MIN READ

Senegal | Digital Economy

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Senegal’s digital economy is growing steadily, driven by strong telecom expansion, with some gaps in digital development readiness.

  • Senegal’s internet economy contributed 6.2% to GDP in 2020 and was projected to reach 7.1% by 2025, representing $2.9B, ranking 4th in Africa. || Source: Diplo
  • The country’s Telecom Market size is estimated at USD 3.3 billion in 2025, and is expected to reach USD 4.1 billion by 2030, at a CAGR of 4.6% (2025-2030). || Source: Mordor Intelligence
    + Rising mobile broadband demand, national fiber upgrades, and 5G rollout have pushed the telecom sector to nearly 10% of GDP in 2024.
    + In 2024, data services represented 49.3% of Senegal’s telecom market, generating $1.6B in revenue and projected to grow 5.1% CAGR, adding $400M by 2030.
  • Dakar generates 55% of telecom revenues, driven by higher incomes and fiber density, while Thiès and Saint-Louis post double-digit fixed-wireless growth from subsidized last-mile access.
    + Senegal’s Digital Development Score rose 23.6% from 2021 to reach 19.4 in 2023, but remaining in the limited maturity group. || Source: WBG