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Somalia GDP

Somalia's GDP rose to $12.11 billion in 2024, up from $10.97 billion in 2023, according to World Bank. This represents an increase of 10.4% ($1.14 billion) from the previous year and accounts for 0.01% of the world's total GDP. Somalia has GDP lower than the global median ($12.11 billion vs median $35.85 billion). Compared with the median in Africa, Somalia is lower ($12.11 billion vs regional median $20.75 billion) and ranks 36th out of 52 countries in Africa.

Somalia's GDP per capita rose to $467.09 in 2024, up from $465.16 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 12.11
2023 10.97
2022 10.2
2021 9.48
2020 8.63
2019 8.66
2018 7.87
2017 7.62
2016 6.61
2015 6.15
2014 5.73
2013 5.06
2012 4.36
2011 2.91
2010 2.69
2009 2.95
2008 5.91
2007 5.43
2006 5.03
2005 4.68
2004 3.86
2003 2.84
2002 2.19
2001 2.25
2000 3.41
1999 3.05
1998 2.96
1997 2.19
1996 1.79
1995 1.53
1994 1.48
1993 1.26
1992 0.71
1991 0.72
1990 1.03
1989 1.18
1988 1.05
1987 1.02
1986 0.92
1985 0.88
1984 0.79
1983 0.74
1982 0.77
1981 0.7
1980 0.6
1979 0.59
1978 0.56
1977 0.5
1976 0.87
1975 0.76
1974 0.57
1973 0.48
1972 0.45
1971 0.35
1970 0.35
1969 0.31
1968 0.29
1967 0.27
1966 0.26
1965 0.24
1964 0.23
1963 0.22
1962 0.2
1961 0.19
1960 0.18
Somalia GDP : Definition
GDP measures the total value of all goods and services produced in Somalia, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 3.97% 4.22% 2024
GDP per Capita $467.09 $465.16 2024
GDP per Capita PPP $1,408.28 $1,402.47 2024
Real GDP $8.88B $8.54B 2024