Annual gdp growth in Somalia
Somalia: Annual gdp growth was 4.22 in 2023. ◆ Volatile
Latest (2023)
4.22
Change on year
up 54.6%
World rank
68th
of 211 countries
All-time high
14.74
in 2017
All-time low
-2.75
in 2020
Years of data
24
2000–2023
Annual gdp growth in Somalia, 2000–2023
Source: Our World in Data.
Analysis
The most recent figure for annual gdp growth in Somalia is 4.22, measured in 2023.
The figure is up 54.6% on the previous year and down 61.5% over ten years.
Over the whole period, annual gdp growth in Somalia peaked at 14.74 in 2017 and was at its lowest, -2.75, in 2020.
That places Somalia 68th out of 211 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.03 | 6.49 | 7.63 | 10 |
| 2010s | 7.71 | 2.05 | 14.74 | 10 |
| 2020s | 1.92 | -2.75 | 4.22 | 4 |
Countries ranked near Somalia
More economy & growth data for Somalia
- External balance on goods and services as a percent of gdp -69.57 (2025)
- Gdp per capita worldbank constant usd 465.44 (2025)
- Manufacturing value added to gdp 3.94 (1990)
- Gdp worldbank constant usd 9.15 billion (2025)
- Gdp per capita in international and market dollars 465.44 (2025)
- DEC alternative conversion factor 30,104 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 186.13 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 6.18 billion current US$ (2025)
- Taxes less subsidies on products 71.94 billion current LCU (1990)
- Taxes less subsidies on products 37.94 million current US$ (1990)
Frequently asked questions
- What is annual gdp growth in Somalia?
- Annual gdp growth in Somalia was 4.22 in 2023, according to Our World in Data.
- What is the highest annual gdp growth recorded in Somalia?
- The highest recorded value was 14.74 in 2017.
- What is the lowest annual gdp growth recorded in Somalia?
- The lowest recorded value was -2.75 in 2020.
- How does Somalia rank for annual gdp growth?
- Somalia ranks 68th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Somalia?
- Over the last ten years it is down 61.5%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from Our World in Data, published as part of Annual gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).