Adjusted net national income in Somalia
Somalia: Adjusted net national income was 6.16 billion current US$ in 2021. ◆ Volatile
Adjusted net national income in Somalia, 1980–2021
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
Somalia recorded 6.16 billion current US$ for adjusted net national income in 2021. That is the highest value across all 20 years on record.
That represents a change of up 11.1% on the previous year and up 80.0% over ten years.
Over the whole period, adjusted net national income in Somalia peaked at 6.16 billion current US$ in 2021 and was at its lowest, 483.63 million current US$, in 1980.
That places Somalia 146th out of 184 countries with data for 2021, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted net national income in Somalia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1980 | 483.63 million current US$ | — |
| 1981 | 579.41 million current US$ | +19.8% |
| 1982 | 603.42 million current US$ | +4.1% |
| 1983 | 610.58 million current US$ | +1.2% |
| 1984 | 630.29 million current US$ | +3.2% |
| 1985 | 723.77 million current US$ | +14.8% |
| 1986 | 728.45 million current US$ | +0.6% |
| 1987 | 813.27 million current US$ | +11.6% |
| 1988 | 824.40 million current US$ | +1.4% |
| 1989 | 856.97 million current US$ | +4.0% |
| 1990 | 664.60 million current US$ | -22.4% |
| 2013 | 3.42 billion current US$ | +414.6% |
| 2014 | 3.73 billion current US$ | +9.2% |
| 2015 | 3.93 billion current US$ | +5.1% |
| 2016 | 4.03 billion current US$ | +2.7% |
| 2017 | 4.13 billion current US$ | +2.5% |
| 2018 | 4.72 billion current US$ | +14.2% |
| 2019 | 5.30 billion current US$ | +12.1% |
| 2020 | 5.54 billion current US$ | +4.6% |
| 2021 | 6.16 billion current US$ | +11.1% |
Somalia compared with similar countries
- Somalia's 6.16 billion current US$ is below the median for low income countries, which is 10.69 billion current US$, 58% of the median. (24 countries reporting)
- Somalia's 6.16 billion current US$ is below the median for Sub-Saharan Africa, which is 10.92 billion current US$, 56% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Adjusted net national income in Somalia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2013 | +414.6% | 664.60 million current US$ | 3.42 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 685.42 million current US$ | 483.63 million current US$ | 856.97 million current US$ | 10 |
| 1990s | 664.60 million current US$ | 664.60 million current US$ | 664.60 million current US$ | 1 |
| 2010s | 4.18 billion current US$ | 3.42 billion current US$ | 5.30 billion current US$ | 7 |
| 2020s | 5.85 billion current US$ | 5.54 billion current US$ | 6.16 billion current US$ | 2 |
Countries ranked near Somalia
More economy & growth data for Somalia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.52 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 765.00 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 13.08 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0639 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 40.24 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -0.3355 % change on previous year (1989)
- Total reserves (includes gold, current US$), per unit of GDP 0.0196 includes gold, current US$ per US$ of GDP (1989)
- Total reserves (includes gold, current US$), per capita 3.25 includes gold, current US$ per person (1989)
- Total reserves minus gold (current US$), annual growth rate 0.6536 % change on previous year (1989)
Frequently asked questions
- What is adjusted net national income in Somalia?
- Adjusted net national income in Somalia was 6.16 billion current US$ in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted net national income recorded in Somalia?
- The highest recorded value was 6.16 billion current US$ in 2021.
- What is the lowest adjusted net national income recorded in Somalia?
- The lowest recorded value was 483.63 million current US$ in 1980.
- How does Somalia rank for adjusted net national income?
- Somalia ranks 146th out of 184 countries with data for 2021.
- Is adjusted net national income rising or falling in Somalia?
- Over the last ten years it is up 80.0%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted net national income (current US$). Statizoid updates them automatically from the source API.
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About this data
Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.