Annual growth of exports of goods and services (%) in Somalia
Somalia: Annual growth of exports of goods and services (%) was 42.3% in 2024. ◆ Volatile
Annual growth of exports of goods and services in Somalia, 2014–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Somalia recorded 42.3% for annual growth of exports of goods and services in 2024. That is the highest value across all 11 years on record.
Compared with earlier readings it is up 1.1% on the previous year and up 307.8% over ten years.
Over the whole period, annual growth of exports of goods and services in Somalia peaked at 42.3% in 2024 and was at its lowest, -9.3%, in 2017.
That places Somalia 12th out of 186 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of exports of goods and services (%) in Somalia, year by year
| Year | % | Change |
|---|---|---|
| 2014 | 10.4% | — |
| 2015 | 7.1% | -31.1% |
| 2016 | 0.2% | -96.6% |
| 2017 | -9.3% | -3994.6% |
| 2018 | 10.0% | -206.9% |
| 2019 | -3.8% | -138.4% |
| 2020 | 1.8% | -147.1% |
| 2021 | 17.0% | +845.5% |
| 2022 | 13.7% | -19.7% |
| 2023 | 41.8% | +205.7% |
| 2024 | 42.3% | +1.1% |
Somalia compared with similar countries
- Somalia's 42.3% is above the median for low income countries, which is 15.5%, 2.7× the median. (20 countries reporting)
- Somalia's 42.3% is above the median for Sub-Saharan Africa, which is 4.4%, 9.6× the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.4% | -9.3% | 10.4% | 6 |
| 2020s | 23.3% | 1.8% | 42.3% | 5 |
Countries ranked near Somalia
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 growth of exports of goods and services in Somalia?
- Annual growth of exports of goods and services in Somalia was 42.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of exports of goods and services recorded in Somalia?
- The highest recorded value was 42.3% in 2024.
- What is the lowest annual growth of exports of goods and services recorded in Somalia?
- The lowest recorded value was -9.3% in 2017.
- How does Somalia rank for annual growth of exports of goods and services?
- Somalia ranks 12th out of 186 countries with data for 2024.
- Is annual growth of exports of goods and services rising or falling in Somalia?
- Over the last ten years it is up 307.8%. 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 growth of exports of goods and services (%). Statizoid updates them automatically from the source API.
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