Annual GDP growth (%) in Somalia
Somalia: Annual GDP growth (%) was 4.1% in 2024. ◆ Volatile
Annual GDP growth in Somalia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual gdp growth in Somalia is 4.1%, measured in 2024.
That represents a change of down 1.5% on the previous year and down 54.2% over ten years.
Over the whole period, annual gdp growth in Somalia peaked at 14.7% in 2017 and was at its lowest, -2.8%, in 2020.
That places Somalia 73rd out of 230 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth (%) in Somalia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 7.1% | — |
| 2001 | 7.1% | +0.0% |
| 2002 | 7.6% | +7.3% |
| 2003 | 7.6% | +0.0% |
| 2004 | 7.1% | -6.8% |
| 2005 | 7.1% | +0.0% |
| 2006 | 6.5% | -8.8% |
| 2007 | 6.7% | +3.2% |
| 2008 | 6.7% | +0.0% |
| 2009 | 6.7% | +0.0% |
| 2010 | 6.7% | +0.0% |
| 2011 | 6.7% | +0.0% |
| 2012 | 6.7% | +0.0% |
| 2013 | 11.0% | +63.7% |
| 2014 | 9.0% | -18.1% |
| 2015 | 10.5% | +16.5% |
| 2016 | 7.0% | -32.8% |
| 2017 | 14.7% | +109.5% |
| 2018 | 2.1% | -86.1% |
| 2019 | 2.8% | +36.3% |
| 2020 | -2.8% | -198.7% |
| 2021 | 3.4% | -224.7% |
| 2022 | 2.7% | -21.1% |
| 2023 | 4.2% | +53.6% |
| 2024 | 4.1% | -1.5% |
Somalia compared with similar countries
- Somalia's 4.1% is below the median for low income countries, which is 4.1%, 99% of the median. (23 countries reporting)
- Somalia's 4.1% is below the median for Sub-Saharan Africa, which is 4.1%, 100% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) 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 |
|---|---|---|---|
| 2021 | +224.7% | -2.8% | 3.4% |
| 2020 | -198.7% | 2.8% | -2.8% |
| 2017 | +109.5% | 7.0% | 14.7% |
| 2018 | -86.1% | 14.7% | 2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.0% | 6.5% | 7.6% | 10 |
| 2010s | 7.7% | 2.1% | 14.7% | 10 |
| 2020s | 2.3% | -2.8% | 4.2% | 5 |
Countries ranked near Somalia
- 70 Lao People's Democratic Republic 4.1% compare
- 70 Laos 4.1% compare
- 72 Burundi 4.1% compare
- 74 Azerbaijan 4.1% compare
- 75 Nigeria 4.1% compare
- 76 Saint Vincent and the Grenadines 4.1% compare
More economy & growth data for Somalia
- Real gdp growth, annual growth rate -2.75 % change on previous year (2024)
- 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)
- 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)
Frequently asked questions
- What is annual gdp growth in Somalia?
- Annual gdp growth in Somalia was 4.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Somalia?
- The highest recorded value was 14.7% in 2017.
- What is the lowest annual gdp growth recorded in Somalia?
- The lowest recorded value was -2.8% in 2020.
- How does Somalia rank for annual gdp growth?
- Somalia ranks 73rd out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Somalia?
- Over the last ten years it is down 54.2%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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