Annual growth rate of real GDP per capita in Somalia
Somalia: Annual growth rate of real GDP per capita was 0.5% in 2024. ◆ Volatile
Latest (2024)
0.5%
Change on year
down 50.0%
World rank
166th
of 226 countries
All-time high
19.5%
in 2015
All-time low
-6.4%
in 2020
Years of data
25
2000–2024
Annual growth rate of real GDP per capita in Somalia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for annual growth rate of real gdp per capita in Somalia is 0.5%, measured in 2024.
The figure is down 50.0% on the previous year and down 95.8% over ten years.
Over the whole period, annual growth rate of real gdp per capita in Somalia peaked at 19.5% in 2015 and was at its lowest, -6.4%, in 2020.
That places Somalia 166th out of 226 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 growth rate of real GDP per capita in Somalia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 2.9% | — |
| 2001 | 2.9% | +0.0% |
| 2002 | 3.7% | +27.6% |
| 2003 | 3.7% | +0.0% |
| 2004 | 3.2% | -13.5% |
| 2005 | 3.5% | +9.4% |
| 2006 | 3.3% | -5.7% |
| 2007 | 3.4% | +3.0% |
| 2008 | 3.6% | +5.9% |
| 2009 | 4.0% | +11.1% |
| 2010 | 4.1% | +2.5% |
| 2011 | 5.9% | +43.9% |
| 2012 | 5.7% | -3.4% |
| 2013 | -5.8% | -201.8% |
| 2014 | 11.8% | -303.4% |
| 2015 | 19.5% | +65.3% |
| 2016 | 12.3% | -36.9% |
| 2017 | 5.3% | -56.9% |
| 2018 | -0.6% | -111.3% |
| 2019 | -0.9% | +50.0% |
| 2020 | -6.4% | +611.1% |
| 2021 | -0.3% | -95.3% |
| 2022 | -0.3% | -0.0% |
| 2023 | 1.0% | -433.3% |
| 2024 | 0.5% | -50.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.4% | 2.9% | 4.0% | 10 |
| 2010s | 5.7% | -5.8% | 19.5% | 10 |
| 2020s | -1.1% | -6.4% | 1.0% | 5 |
Countries ranked near Somalia
- 166 Anguilla 0.5% compare
- 166 Latvia 0.5% compare
- 166 Mexico 0.5% compare
- 166 Saudi Arabia 0.5% compare
- 166 Sweden 0.5% compare
- 166 United Kingdom of Great Britain and Northern Ireland 0.5% compare
- 166 United Kingdom of Great Britain and Northern Ireland 0.5% 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)
- 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 rate of real gdp per capita in Somalia?
- Annual growth rate of real gdp per capita in Somalia was 0.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth rate of real gdp per capita recorded in Somalia?
- The highest recorded value was 19.5% in 2015.
- What is the lowest annual growth rate of real gdp per capita recorded in Somalia?
- The lowest recorded value was -6.4% in 2020.
- How does Somalia rank for annual growth rate of real gdp per capita?
- Somalia ranks 166th out of 226 countries with data for 2024.
- Is annual growth rate of real gdp per capita rising or falling in Somalia?
- Over the last ten years it is down 95.8%. 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 rate of real GDP per capita (%). Statizoid updates them automatically from the source API.
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