Gross domestic product (GDP), Current prices, Domestic currency in Somalia
Somalia: Gross domestic product (GDP), Current prices, Domestic currency was 4.69 % change on previous year in 2019. ◆ Volatile
Gross domestic product (GDP), Current prices, Domestic currency in Somalia, 1971–2019
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product (gdp), current prices, domestic currency in Somalia is 4.69 % change on previous year, measured in 2019.
Compared with earlier readings it is down 0.1% on the previous year and down 6.8% over ten years.
Over the whole period, gross domestic product (gdp), current prices, domestic currency in Somalia peaked at 210.78 % change on previous year in 1990 and was at its lowest, -13.15 % change on previous year, in 2010.
That places Somalia 103rd out of 194 countries with data for 2019, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Current prices, Domestic currency in Somalia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 1.56 % change on previous year | — |
| 1972 | 26.37 % change on previous year | +1590.9% |
| 1973 | -2.81 % change on previous year | -110.7% |
| 1974 | 18.61 % change on previous year | -761.8% |
| 1975 | 32.23 % change on previous year | +73.1% |
| 1976 | 15.1 % change on previous year | -53.1% |
| 1977 | 25.43 % change on previous year | +68.4% |
| 1978 | 18.82 % change on previous year | -26.0% |
| 1979 | 9.91 % change on previous year | -47.4% |
| 1980 | 93 % change on previous year | +838.6% |
| 1981 | 27.19 % change on previous year | -70.8% |
| 1982 | 31.99 % change on previous year | +17.6% |
| 1983 | 20.67 % change on previous year | -35.4% |
| 1984 | 77.21 % change on previous year | +273.5% |
| 1985 | 40.22 % change on previous year | -47.9% |
| 1986 | 36.08 % change on previous year | -10.3% |
| 1987 | 42.79 % change on previous year | +18.6% |
| 1988 | 63.03 % change on previous year | +47.3% |
| 1989 | 102.35 % change on previous year | +62.4% |
| 1990 | 210.78 % change on previous year | +105.9% |
| 1991 | 34.17 % change on previous year | -83.8% |
| 1992 | 10 % change on previous year | -70.7% |
| 1993 | 54.66 % change on previous year | +446.6% |
| 1994 | 23.09 % change on previous year | -57.8% |
| 1995 | 31.5 % change on previous year | +36.4% |
| 1996 | 35 % change on previous year | +11.1% |
| 1997 | 30 % change on previous year | -14.3% |
| 1998 | 25 % change on previous year | -16.7% |
| 1999 | 18.05 % change on previous year | -27.8% |
| 2000 | 18.05 % change on previous year | -0.0% |
| 2001 | 11.49 % change on previous year | -36.3% |
| 2002 | 11.49 % change on previous year | -0.0% |
| 2003 | 10 % change on previous year | -13.0% |
| 2004 | 10 % change on previous year | -0.0% |
| 2005 | 19.55 % change on previous year | +95.5% |
| 2006 | -4.63 % change on previous year | -123.7% |
| 2007 | 6.21 % change on previous year | -234.0% |
| 2008 | 4.71 % change on previous year | -24.1% |
| 2009 | 5.04 % change on previous year | +6.9% |
| 2010 | -13.15 % change on previous year | -360.9% |
| 2011 | -0.3629 % change on previous year | -97.2% |
| 2012 | 0.4905 % change on previous year | -235.2% |
| 2013 | -0.6547 % change on previous year | -233.5% |
| 2014 | -1.73 % change on previous year | +163.8% |
| 2015 | -3.08 % change on previous year | +78.2% |
| 2016 | 3.7 % change on previous year | -220.1% |
| 2017 | 7.39 % change on previous year | +100.0% |
| 2018 | 4.7 % change on previous year | -36.4% |
| 2019 | 4.69 % change on previous year | -0.1% |
Somalia compared with similar countries
- Somalia's 4.69 % change on previous year is below the median for low income countries, which is 7.45 % change on previous year, 63% of the median. (24 countries reporting)
- Somalia's 4.69 % change on previous year is below the median for Sub-Saharan Africa, which is 6.4 % change on previous year, 73% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), Current prices, Domestic currency in Somalia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1972 | +1590.9% | 1.56 % change on previous year | 26.37 % change on previous year |
| 1980 | +838.6% | 9.91 % change on previous year | 93 % change on previous year |
| 1974 | +761.8% | -2.81 % change on previous year | 18.61 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.14 % change on previous year | -2.81 % change on previous year | 32.23 % change on previous year | 9 |
| 1980s | 53.45 % change on previous year | 20.67 % change on previous year | 102.35 % change on previous year | 10 |
| 1990s | 47.23 % change on previous year | 10 % change on previous year | 210.78 % change on previous year | 10 |
| 2000s | 9.19 % change on previous year | -4.63 % change on previous year | 19.55 % change on previous year | 10 |
| 2010s | 0.2003 % change on previous year | -13.15 % change on previous year | 7.39 % change on previous year | 10 |
Countries ranked near Somalia
- 100 Gabon 4.83 % change on previous year compare
- 101 Russia 4.82 % change on previous year compare
- 102 West Bank and Gaza 4.81 % change on previous year compare
- 104 Netherlands 4.63 % change on previous year compare
- 105 Chad 4.55 % change on previous year compare
- 106 New Zealand 4.53 % change on previous year 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)
- IMF holdings of currency, SDR, annual growth rate 0 % change on previous year (2025)
- IMF holdings of currency, SDR, per unit of GDP 0.0126 units per US$ of GDP (2025)
- IMF holdings of currency, SDR, per capita 8.31 units per person (2025)
- Lending to the IMF (GRA), SDR, per capita 0 units per person (2025)
- SDR Allocation, US dollar, annual growth rate 5.01 % change on previous year (2025)
- SDR Allocation, US dollar, per unit of GDP 0.0218 units per US$ of GDP (2025)
- SDR Allocation, US dollar, per capita 14.44 units per person (2025)
- SDR Allocation, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), current prices, domestic currency in Somalia?
- Gross domestic product (gdp), current prices, domestic currency in Somalia was 4.69 % change on previous year in 2019, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), current prices, domestic currency recorded in Somalia?
- The highest recorded value was 210.78 % change on previous year in 1990.
- What is the lowest gross domestic product (gdp), current prices, domestic currency recorded in Somalia?
- The lowest recorded value was -13.15 % change on previous year in 2010.
- How does Somalia rank for gross domestic product (gdp), current prices, domestic currency?
- Somalia ranks 103rd out of 194 countries with data for 2019.
- Is gross domestic product (gdp), current prices, domestic currency rising or falling in Somalia?
- Over the last ten years it is down 6.8%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), Current prices, Domestic currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP), Current prices, Domestic currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP), Current prices, Domestic currency International Monetary Fund
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP), Current prices, Domestic currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.