Gross domestic product (GDP) in Somalia
Somalia: Gross domestic product (GDP) was 25.53 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
25.53 billion international-$ in 2021 prices
Change on year
up 3.8%
World rank
146th
of 184 countries
All-time high
25.53 billion international-$ in 2021 prices
in 2023
All-time low
2.44 billion international-$ in 2021 prices
in 1970
Years of data
54
1970–2023
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.
Gross domestic product (GDP) in Somalia, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1970 | 2.44 billion international-$ in 2021 prices | — |
| 1971 | 2.63 billion international-$ in 2021 prices | +7.7% |
| 1972 | 2.54 billion international-$ in 2021 prices | -3.4% |
| 1973 | 2.66 billion international-$ in 2021 prices | +5.0% |
| 1974 | 2.93 billion international-$ in 2021 prices | +10.2% |
| 1975 | 2.94 billion international-$ in 2021 prices | +0.1% |
| 1976 | 2.57 billion international-$ in 2021 prices | -12.3% |
| 1977 | 2.80 billion international-$ in 2021 prices | +8.6% |
| 1978 | 3.23 billion international-$ in 2021 prices | +15.4% |
| 1979 | 3.16 billion international-$ in 2021 prices | -2.2% |
| 1980 | 3.18 billion international-$ in 2021 prices | +0.9% |
| 1981 | 3.25 billion international-$ in 2021 prices | +2.0% |
| 1982 | 3.67 billion international-$ in 2021 prices | +13.1% |
| 1983 | 3.35 billion international-$ in 2021 prices | -8.8% |
| 1984 | 3.50 billion international-$ in 2021 prices | +4.6% |
| 1985 | 3.65 billion international-$ in 2021 prices | +4.3% |
| 1986 | 3.81 billion international-$ in 2021 prices | +4.4% |
| 1987 | 3.81 billion international-$ in 2021 prices | -0.1% |
| 1988 | 3.58 billion international-$ in 2021 prices | -6.0% |
| 1989 | 4.39 billion international-$ in 2021 prices | +22.6% |
| 1990 | 4.57 billion international-$ in 2021 prices | +4.0% |
| 1991 | 4.58 billion international-$ in 2021 prices | +0.3% |
| 1992 | 4.24 billion international-$ in 2021 prices | -7.5% |
| 1993 | 4.37 billion international-$ in 2021 prices | +3.1% |
| 1994 | 3.55 billion international-$ in 2021 prices | -18.6% |
| 1995 | 3.71 billion international-$ in 2021 prices | +4.3% |
| 1996 | 4.01 billion international-$ in 2021 prices | +8.2% |
| 1997 | 4.02 billion international-$ in 2021 prices | +0.3% |
| 1998 | 4.14 billion international-$ in 2021 prices | +2.8% |
| 1999 | 4.42 billion international-$ in 2021 prices | +6.7% |
| 2000 | 4.72 billion international-$ in 2021 prices | +7.0% |
| 2001 | 5.34 billion international-$ in 2021 prices | +13.1% |
| 2002 | 5.80 billion international-$ in 2021 prices | +8.5% |
| 2003 | 6.15 billion international-$ in 2021 prices | +6.1% |
| 2004 | 6.30 billion international-$ in 2021 prices | +2.5% |
| 2005 | 6.79 billion international-$ in 2021 prices | +7.8% |
| 2006 | 7.14 billion international-$ in 2021 prices | +5.2% |
| 2007 | 7.56 billion international-$ in 2021 prices | +5.8% |
| 2008 | 8.41 billion international-$ in 2021 prices | +11.3% |
| 2009 | 10.59 billion international-$ in 2021 prices | +25.9% |
| 2010 | 12.14 billion international-$ in 2021 prices | +14.7% |
| 2011 | 13.49 billion international-$ in 2021 prices | +11.1% |
| 2012 | 14.30 billion international-$ in 2021 prices | +6.0% |
| 2013 | 12.16 billion international-$ in 2021 prices | -15.0% |
| 2014 | 14.93 billion international-$ in 2021 prices | +22.8% |
| 2015 | 18.05 billion international-$ in 2021 prices | +20.9% |
| 2016 | 20.63 billion international-$ in 2021 prices | +14.3% |
| 2017 | 22.83 billion international-$ in 2021 prices | +10.7% |
| 2018 | 23.26 billion international-$ in 2021 prices | +1.9% |
| 2019 | 23.82 billion international-$ in 2021 prices | +2.4% |
| 2020 | 23.31 billion international-$ in 2021 prices | -2.1% |
| 2021 | 24.01 billion international-$ in 2021 prices | +3.0% |
| 2022 | 24.60 billion international-$ in 2021 prices | +2.5% |
| 2023 | 25.53 billion international-$ in 2021 prices | +3.8% |
Somalia compared with similar countries
- Somalia's 25.53 billion international-$ in 2021 prices is below the median for low income countries, which is 42.81 billion international-$ in 2021 prices, 60% of the median. (22 countries reporting)
- Somalia's 25.53 billion international-$ in 2021 prices is below the median for Sub-Saharan Africa, which is 45.59 billion international-$ in 2021 prices, 56% of the median. (47 countries reporting)
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
- 147 Malta 24.94 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
- 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$), annual growth rate 0.6536 % change on previous year (1989)
Frequently asked questions
- What is gross domestic product (gdp) in Somalia?
- Gross domestic product (gdp) in Somalia was 25.53 billion international-$ 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.