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Somalia Trade (% GDP)

Somalia's trade (% GDP) rose to 94.36% in 2024, up from 92.69% in 2023, according to World Bank. This represents an increase of 1.67% from the previous year. Somalia has trade (% GDP) higher than the global median (94.36% vs median 84.49%). Compared with the median in Africa, Somalia is higher (94.36% vs regional median 62.95%) and ranks 15th out of 48 countries in Africa.

Yearly Historical Data (1960-2024)

(in %)
Year Trade (% GDP)
2024 94.36%
2023 92.69%
2022 90.76%
2021 79.09%
2020 75.69%
2019 70.31%
2018 73.82%
2017 68.68%
2016 74.36%
2015 76.48%
2014 81.7%
2013 83.34%
2012 88.57%
1990 42.26%
1989 48.62%
1988 26.67%
1987 37.56%
1986 36.9%
1985 25.66%
1984 75.75%
1983 96.11%
1982 94%
1981 93.17%
1980 121.88%
1979 99.98%
1978 82.01%
1977 79.48%
1976 31.39%
1975 36.95%
1974 46.92%
1973 42.75%
1972 33.78%
1971 31.65%
1970 26.19%
1969 39.64%
1968 36.41%
1967 35.9%
1966 37.53%
1965 37.79%
1964 46.42%
1963 41.84%
1962 40.31%
1961 39.08%
1960 29.86%
Somalia Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Somalia divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Exports (% GDP) 20.02% 19.73% 2024
FDI Inflows (% GDP) 6.17% 6.23% 2023
Imports (% GDP) 74.34% 72.95% 2024