Gross domestic product (GDP), Constant prices, Purchasing power in Somalia
Somalia: Gross domestic product (GDP), Constant prices, Purchasing power was 4.63 in 2019. ▲ Rising
Latest (2019)
4.63
Change on year
up 2.9%
World rank
166th
of 193 countries
All-time high
4.63
in 2019
All-time low
2.32
in 1970
Years of data
50
1970–2019
Gross domestic product (GDP), Constant prices, Purchasing power in Somalia, 1970–2019
Source: International Monetary Fund.
Analysis
In 2019, gross domestic product (gdp), constant prices, purchasing power in Somalia stood at 4.63. That is the highest value across all 50 years on record.
The figure is up 2.9% on the previous year and up 30.2% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, purchasing power in Somalia peaked at 4.63 in 2019 and was at its lowest, 2.32, in 1970.
That places Somalia 166th out of 193 countries with data for 2019, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 50 years of available data.
Gross domestic product (GDP), Constant prices, Purchasing power in Somalia, year by year
| Year | Value | Change |
|---|---|---|
| 1970 | 2.32 | — |
| 1971 | 2.37 | +2.1% |
| 1972 | 2.72 | +14.9% |
| 1973 | 2.39 | -12.1% |
| 1974 | 2.41 | +0.8% |
| 1975 | 2.76 | +14.7% |
| 1976 | 2.71 | -1.8% |
| 1977 | 3.08 | +13.6% |
| 1978 | 3.26 | +5.8% |
| 1979 | 3.1 | -5.0% |
| 1980 | 3.16 | +1.8% |
| 1981 | 3.35 | +6.3% |
| 1982 | 3.45 | +2.8% |
| 1983 | 3.05 | -11.6% |
| 1984 | 3.15 | +3.3% |
| 1985 | 3.45 | +9.5% |
| 1986 | 3.37 | -2.1% |
| 1987 | 3.71 | +10.1% |
| 1988 | 3.69 | -0.6% |
| 1989 | 3.69 | -0.2% |
| 1990 | 3.63 | -1.6% |
| 1991 | 3.59 | -1.0% |
| 1992 | 3.16 | -12.0% |
| 1993 | 3.16 | +0.0% |
| 1994 | 2.5 | -21.0% |
| 1995 | 2.5 | +0.0% |
| 1996 | 2.59 | +3.9% |
| 1997 | 2.52 | -2.7% |
| 1998 | 2.59 | +2.5% |
| 1999 | 2.67 | +3.2% |
| 2000 | 2.75 | +3.0% |
| 2001 | 2.83 | +3.0% |
| 2002 | 2.93 | +3.5% |
| 2003 | 3.03 | +3.5% |
| 2004 | 3.12 | +3.0% |
| 2005 | 3.22 | +3.0% |
| 2006 | 3.29 | +2.4% |
| 2007 | 3.38 | +2.6% |
| 2008 | 3.47 | +2.6% |
| 2009 | 3.56 | +2.6% |
| 2010 | 3.65 | +2.6% |
| 2011 | 3.75 | +2.6% |
| 2012 | 3.84 | +2.6% |
| 2013 | 3.94 | +2.6% |
| 2014 | 4.09 | +3.7% |
| 2015 | 4.2 | +2.7% |
| 2016 | 4.32 | +2.9% |
| 2017 | 4.38 | +1.4% |
| 2018 | 4.5 | +2.8% |
| 2019 | 4.63 | +2.9% |
Somalia compared with similar countries
- Somalia's 4.63 is below the median for low income countries, which is 29.44, 16% of the median. (23 countries reporting)
- Somalia's 4.63 is below the median for Sub-Saharan Africa, which is 30.24, 15% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.71 | 2.32 | 3.26 | 10 |
| 1980s | 3.41 | 3.05 | 3.71 | 10 |
| 1990s | 2.89 | 2.5 | 3.63 | 10 |
| 2000s | 3.16 | 2.75 | 3.56 | 10 |
| 2010s | 4.13 | 3.65 | 4.63 | 10 |
Countries ranked near Somalia
- 163 Eritrea 6.16 compare
- 164 Gambia 5.54 compare
- 165 Djibouti 4.79 compare
- 167 Timor-Leste 4.59 compare
- 168 Central African Republic 4.56 compare
- 169 Cape Verde 4.09 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), constant prices, purchasing power in Somalia?
- Gross domestic product (gdp), constant prices, purchasing power in Somalia was 4.63 in 2019, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, purchasing power recorded in Somalia?
- The highest recorded value was 4.63 in 2019.
- What is the lowest gross domestic product (gdp), constant prices, purchasing power recorded in Somalia?
- The lowest recorded value was 2.32 in 1970.
- How does Somalia rank for gross domestic product (gdp), constant prices, purchasing power?
- Somalia ranks 166th out of 193 countries with data for 2019.
- Is gross domestic product (gdp), constant prices, purchasing power rising or falling in Somalia?
- Over the last ten years it is up 30.2%. The long-run trend across the full record is rising.
- Where does this Somalia data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Statizoid updates them automatically from the source API.
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About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.