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, 2013–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for annual growth of exports of goods and services in Somalia is 42.3%, measured in 2024. That is the highest value across all 12 years on record.
Compared with earlier readings it is up 1.1% on the previous year and up 307.9% 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 11th out of 176 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 |
|---|---|---|
| 2013 | 1.4% | — |
| 2014 | 10.4% | +634.8% |
| 2015 | 7.1% | -31.1% |
| 2016 | 0.2% | -96.6% |
| 2017 | -9.3% | -3987.5% |
| 2018 | 10.0% | -207.0% |
| 2019 | -3.8% | -138.4% |
| 2020 | 1.8% | -147.0% |
| 2021 | 17.0% | +846.7% |
| 2022 | 13.7% | -19.8% |
| 2023 | 41.8% | +205.8% |
| 2024 | 42.3% | +1.1% |
Somalia compared with similar countries
- Somalia's 42.3% is above the median for low income countries, which is 11.8%, 3.6× the median. (22 countries reporting)
- Somalia's 42.3% is above the median for Sub-Saharan Africa, which is 4.5%, 9.4× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.3% | -9.3% | 10.4% | 7 |
| 2020s | 23.3% | 1.8% | 42.3% | 5 |
Countries ranked near Somalia
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)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 765.00 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 13.08 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0639 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 40.24 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -0.3355 % change on previous year (1989)
- Total reserves (includes gold, current US$), per unit of GDP 0.0196 includes gold, current US$ per US$ of GDP (1989)
- Total reserves (includes gold, current US$), per capita 3.25 includes gold, current US$ per person (1989)
- Total reserves minus gold (current US$), annual growth rate 0.6536 % change on previous year (1989)
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 World Bank – processed by Our World in Data.
- 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 11th out of 176 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 307.9%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of exports of goods and services. Statizoid updates them automatically from the source API.
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About this data
Annual growth of exports of goods and services (%).