Africa's Development: Annual real GDP growth rate Growth rate … 02 in Somalia
Somalia: Africa's Development: Annual real GDP growth rate Growth rate … 02 was 4.5 Percent per annum in 2029. ◆ Volatile
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Somalia, 2012–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percent per annum.
Analysis
In 2029, africa's development dynamics (afdd) table 02 - annual real gdp in Somalia stood at 4.5 Percent per annum.
Compared with earlier readings it is up 4.7% on the previous year and up 24.1% over ten years.
Over the whole period, africa's development dynamics (afdd) table 02 - annual real gdp in Somalia peaked at 9.5 Percent per annum in 2017 and was at its lowest, -2.56 Percent per annum, in 2020.
That places Somalia 40th out of 166 countries with data for 2029, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Africa's Development: Annual real GDP growth rate Growth rate … 02 in Somalia, year by year
| Year | Percent per annum | Change |
|---|---|---|
| 2012 | 1.2 Percent per annum | — |
| 2013 | 5.65 Percent per annum | +371.2% |
| 2014 | 2.75 Percent per annum | -51.4% |
| 2015 | 4.59 Percent per annum | +67.0% |
| 2016 | -1.27 Percent per annum | -127.8% |
| 2017 | 9.5 Percent per annum | -845.3% |
| 2018 | 2.99 Percent per annum | -68.5% |
| 2019 | 3.63 Percent per annum | +21.1% |
| 2020 | -2.56 Percent per annum | -170.6% |
| 2021 | 3.31 Percent per annum | -229.2% |
| 2022 | 2.43 Percent per annum | -26.4% |
| 2023 | 2.8 Percent per annum | +15.1% |
| 2024 | 3.7 Percent per annum | +32.1% |
| 2025 | 3.9 Percent per annum | +5.4% |
| 2026 | 4 Percent per annum | +2.6% |
| 2027 | 4.1 Percent per annum | +2.5% |
| 2028 | 4.3 Percent per annum | +4.9% |
| 2029 | 4.5 Percent per annum | +4.7% |
Somalia compared with similar countries
- Somalia's 4.5 Percent per annum is below the median for low income countries, which is 4.94 Percent per annum, 91% of the median. (20 countries reporting)
- Somalia's 4.5 Percent per annum is below the median for Sub-Saharan Africa, which is 4.53 Percent per annum, 99% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Africa's Development: Annual real GDP growth rate Growth rate … 02 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 |
|---|---|---|---|
| 2017 | +845.3% | -1.27 Percent per annum | 9.5 Percent per annum |
| 2013 | +371.2% | 1.2 Percent per annum | 5.65 Percent per annum |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.63 Percent per annum | -1.27 Percent per annum | 9.5 Percent per annum | 8 |
| 2020s | 3.05 Percent per annum | -2.56 Percent per annum | 4.5 Percent per annum | 10 |
Countries ranked near Somalia
- 37 Latvia 2.49 Percent per annum compare
- 37 United Arab Emirates 4.54 Percent per annum compare
- 38 Sierra Leone 4.53 Percent per annum compare
- 39 Lithuania 2.23 Percent per annum compare
- 39 Cameroon 4.53 Percent per annum compare
- 40 Estonia 2.06 Percent per annum compare
- 40 Armenia 4.5 Percent per annum compare
- 40 Guinea-Bissau 4.5 Percent per annum compare
- 40 Sudan 4.5 Percent per annum compare
- 40 Tajikistan 4.5 Percent per annum compare
More economy & growth data for Somalia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.52 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 25.66 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0238 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 15.71 units per person (2025)
- SDRs holdings, SDR, annual growth rate 19.66 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0174 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 11.47 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0172 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 11.39 units per person (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 02 - annual real gdp in Somalia?
- Africa's development dynamics (afdd) table 02 - annual real gdp in Somalia was 4.5 Percent per annum in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Somalia?
- The highest recorded value was 9.5 Percent per annum in 2017.
- What is the lowest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Somalia?
- The lowest recorded value was -2.56 Percent per annum in 2020.
- How does Somalia rank for africa's development dynamics (afdd) table 02 - annual real gdp?
- Somalia ranks 40th out of 166 countries with data for 2029.
- Is africa's development dynamics (afdd) table 02 - annual real gdp rising or falling in Somalia?
- Over the last ten years it is up 24.1%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP growth rate — Growth rate of real gross domestic product. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 2 shows the full time series of annual real GDP growth, up to present, and including projected real GDP growth rates over the next five years.