Gross Domestic Product, GDP in millions constant 2021 international $ in Somalia
Somalia: Gross Domestic Product, GDP in millions constant 2021 international $ was 29,545 in 2027. ◆ Volatile
Gross Domestic Product, GDP in millions constant 2021 international $ in Somalia, 1991–2027
Source: International Labour Organization.
Analysis
In 2027, gross domestic product, gdp in millions constant 2021 international $ in Somalia stood at 29,545. That is the highest value across all 37 years on record.
The figure is up 3.6% on the previous year and up 29.7% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Somalia peaked at 29,545 in 2027 and was at its lowest, 4,458, in 1994.
That places Somalia 153rd out of 188 countries with data for 2027, putting it 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 millions constant 2021 international $ in Somalia, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 5,703 | — |
| 1992 | 5,219 | -8.5% |
| 1993 | 5,427 | +4.0% |
| 1994 | 4,458 | -17.8% |
| 1995 | 4,636 | +4.0% |
| 1996 | 5,009 | +8.0% |
| 1997 | 5,069 | +1.2% |
| 1998 | 5,402 | +6.6% |
| 1999 | 5,798 | +7.3% |
| 2000 | 6,210 | +7.1% |
| 2001 | 6,652 | +7.1% |
| 2002 | 7,159 | +7.6% |
| 2003 | 7,705 | +7.6% |
| 2004 | 8,253 | +7.1% |
| 2005 | 8,840 | +7.1% |
| 2006 | 9,414 | +6.5% |
| 2007 | 10,044 | +6.7% |
| 2008 | 10,716 | +6.7% |
| 2009 | 11,433 | +6.7% |
| 2010 | 12,199 | +6.7% |
| 2011 | 13,016 | +6.7% |
| 2012 | 13,887 | +6.7% |
| 2013 | 15,409 | +11.0% |
| 2014 | 16,792 | +9.0% |
| 2015 | 18,549 | +10.5% |
| 2016 | 19,854 | +7.0% |
| 2017 | 22,779 | +14.7% |
| 2018 | 23,247 | +2.1% |
| 2019 | 23,904 | +2.8% |
| 2020 | 23,246 | -2.8% |
| 2021 | 24,050 | +3.5% |
| 2022 | 24,706 | +2.7% |
| 2023 | 25,747 | +4.2% |
| 2024 | 26,803 | +4.1% |
| 2025 | 27,607 | +3.0% |
| 2026 | 28,518 | +3.3% |
| 2027 | 29,545 | +3.6% |
Somalia compared with similar countries
- Somalia's 29,545 is below the median for low income countries, which is 57,463, 51% of the median. (25 countries reporting)
- Somalia's 29,545 is below the median for Sub-Saharan Africa, which is 55,772, 53% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5,191 | 4,458 | 5,798 | 9 |
| 2000s | 8,643 | 6,210 | 11,433 | 10 |
| 2010s | 17,964 | 12,199 | 23,904 | 10 |
| 2020s | 26,278 | 23,246 | 29,545 | 8 |
Countries ranked near Somalia
- 150 Togo 31,518 compare
- 151 South Sudan 30,825 compare
- 152 Sierra Leone 30,769 compare
- 154 Equatorial Guinea 29,215 compare
- 155 Palestine, State of 29,016 compare
- 156 Iceland 27,776 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 millions constant 2021 international $ in Somalia?
- Gross domestic product, gdp in millions constant 2021 international $ in Somalia was 29,545 in 2027, according to International Labour Organization.
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Somalia?
- The highest recorded value was 29,545 in 2027.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Somalia?
- The lowest recorded value was 4,458 in 1994.
- How does Somalia rank for gross domestic product, gdp in millions constant 2021 international $?
- Somalia ranks 153rd out of 188 countries with data for 2027.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in Somalia?
- Over the last ten years it is up 29.7%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from International Labour Organization, published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 37 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Gross Domestic Product (GDP), Purchasing Power Parity (millions of PPP, constant 2021 international dollars) is a measure to assess the total economic output of a country, adjusted for differences in the purchasing power of the different currencies relative to the US dollar. It is derived from the World Development Indicators of the World Bank. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.