Gross domestic product (GDP) in Somalia
Somalia: Gross domestic product (GDP) was 25.53 billion international-$ in 2021 prices in 2023. ◆ Volatile
Gross domestic product (GDP) in Somalia, 1970–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2023, gross domestic product (gdp) in Somalia stood at 25.53 billion international-$ in 2021 prices. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 3.8% on the previous year and up 109.9% over ten years.
Over the whole period, gross domestic product (gdp) in Somalia peaked at 25.53 billion international-$ in 2021 prices in 2023 and was at its lowest, 2.44 billion international-$ in 2021 prices, in 1970.
Somalia ranks 146th of 184 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.79 billion international-$ in 2021 prices | 2.44 billion international-$ in 2021 prices | 3.23 billion international-$ in 2021 prices | 10 |
| 1980s | 3.62 billion international-$ in 2021 prices | 3.18 billion international-$ in 2021 prices | 4.39 billion international-$ in 2021 prices | 10 |
| 1990s | 4.16 billion international-$ in 2021 prices | 3.55 billion international-$ in 2021 prices | 4.58 billion international-$ in 2021 prices | 10 |
| 2000s | 6.88 billion international-$ in 2021 prices | 4.72 billion international-$ in 2021 prices | 10.59 billion international-$ in 2021 prices | 10 |
| 2010s | 17.56 billion international-$ in 2021 prices | 12.14 billion international-$ in 2021 prices | 23.82 billion international-$ in 2021 prices | 10 |
| 2020s | 24.36 billion international-$ in 2021 prices | 23.31 billion international-$ in 2021 prices | 25.53 billion international-$ in 2021 prices | 4 |
Countries ranked near Somalia
- 143 Namibia 28.74 billion international-$ in 2021 prices compare
- 144 Jamaica 26.85 billion international-$ in 2021 prices compare
- 145 Togo 25.83 billion international-$ in 2021 prices compare
- 148 Iceland 24.49 billion international-$ in 2021 prices compare
- 149 Sierra Leone 24.07 billion international-$ in 2021 prices compare
More economy & growth data for Somalia
- External balance on goods and services as a percent of GDP -69.6% (2025)
- GDP per capita 465.44 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 3.9% (1990)
- Gross domestic product (GDP) 9.15 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 465.44 constant 2015 US$ (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 gross domestic product (gdp) in Somalia?
- Gross domestic product (gdp) in Somalia was 25.53 billion international-$ in 2021 prices in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Somalia?
- The highest recorded value was 25.53 billion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Somalia?
- The lowest recorded value was 2.44 billion international-$ in 2021 prices in 1970.
- How does Somalia rank for gross domestic product (gdp)?
- Somalia ranks 146th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Somalia?
- Over the last ten years it is up 109.9%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.