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.
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 60th out of 196 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 | Value | 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% |
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
- 57 Chad 4.2% compare
- 58 Guinea-Bissau 4.1% compare
- 59 Burundi 4.1% compare
- 61 Azerbaijan 4.1% compare
- 62 Nigeria 4.1% compare
- 63 Saint Vincent and the Grenadines 4.1% compare
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)
- GNI, Atlas method (current US$), annual growth rate 6.99 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.964 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 637.38 current US$ per person (2025)
- GNI (current US$), annual growth rate 6.01 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9961 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 658.58 current US$ per person (2025)
- GNI (current LCU), annual growth rate 13.5 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 29,985 current LCU per US$ of GDP (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 60th out of 196 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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