Gross Domestic Product — Value Standard Local Currency, 2015 prices in Somalia
Somalia: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 3.97 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Somalia, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Somalia recorded 3.97 % change on previous year for gross domestic product — value standard local currency, 2015 prices in 2024.
That represents a change of down 5.8% on the previous year and down 75.0% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Somalia peaked at 23.67 % change on previous year in 2015 and was at its lowest, -17.85 % change on previous year, in 1994.
That places Somalia 73rd out of 223 countries with data for 2024, 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 — Value Standard Local Currency, 2015 prices in Somalia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 2.14 % change on previous year | — |
| 1972 | 14.88 % change on previous year | +595.9% |
| 1973 | -12.15 % change on previous year | -181.6% |
| 1974 | 0.7522 % change on previous year | -106.2% |
| 1975 | 14.7 % change on previous year | +1853.6% |
| 1976 | -1.85 % change on previous year | -112.6% |
| 1977 | 13.65 % change on previous year | -838.4% |
| 1978 | 5.8 % change on previous year | -57.5% |
| 1979 | -4.99 % change on previous year | -186.0% |
| 1980 | 1.79 % change on previous year | -136.0% |
| 1981 | 6.26 % change on previous year | +249.4% |
| 1982 | 2.77 % change on previous year | -55.8% |
| 1983 | -11.58 % change on previous year | -518.4% |
| 1984 | 3.27 % change on previous year | -128.2% |
| 1985 | 9.53 % change on previous year | +191.8% |
| 1986 | -2.15 % change on previous year | -122.5% |
| 1987 | 10.09 % change on previous year | -570.1% |
| 1988 | 3.42 % change on previous year | -66.1% |
| 1989 | 3.81 % change on previous year | +11.5% |
| 1990 | 2.33 % change on previous year | -38.9% |
| 1991 | 2.95 % change on previous year | +26.8% |
| 1992 | -8.49 % change on previous year | -387.7% |
| 1993 | 3.99 % change on previous year | -147.0% |
| 1994 | -17.85 % change on previous year | -547.2% |
| 1995 | 3.99 % change on previous year | -122.4% |
| 1996 | 8.05 % change on previous year | +101.6% |
| 1997 | 1.18 % change on previous year | -85.3% |
| 1998 | 6.59 % change on previous year | +457.9% |
| 1999 | 7.32 % change on previous year | +11.1% |
| 2000 | 7.11 % change on previous year | -2.8% |
| 2001 | 7.11 % change on previous year | +0.0% |
| 2002 | 7.63 % change on previous year | +7.3% |
| 2003 | 7.63 % change on previous year | -0.0% |
| 2004 | 7.11 % change on previous year | -6.8% |
| 2005 | 7.11 % change on previous year | -0.0% |
| 2006 | 6.49 % change on previous year | -8.8% |
| 2007 | 6.69 % change on previous year | +3.2% |
| 2008 | 6.69 % change on previous year | -0.0% |
| 2009 | 6.69 % change on previous year | +0.0% |
| 2010 | 6.69 % change on previous year | -0.0% |
| 2011 | 6.69 % change on previous year | +0.0% |
| 2012 | 6.69 % change on previous year | +0.0% |
| 2013 | -2.71 % change on previous year | -140.5% |
| 2014 | 15.88 % change on previous year | -686.0% |
| 2015 | 23.67 % change on previous year | +49.1% |
| 2016 | 16.67 % change on previous year | -29.6% |
| 2017 | 9.51 % change on previous year | -43.0% |
| 2018 | 2.99 % change on previous year | -68.6% |
| 2019 | 2.83 % change on previous year | -5.2% |
| 2020 | -2.76 % change on previous year | -197.2% |
| 2021 | 3.46 % change on previous year | -225.5% |
| 2022 | 2.73 % change on previous year | -21.1% |
| 2023 | 4.21 % change on previous year | +54.5% |
| 2024 | 3.97 % change on previous year | -5.8% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, 2015 prices 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 |
|---|---|---|---|
| 1975 | +1853.6% | 0.7522 % change on previous year | 14.7 % change on previous year |
| 1977 | +838.4% | -1.85 % change on previous year | 13.65 % change on previous year |
| 2014 | +686.0% | -2.71 % change on previous year | 15.88 % change on previous year |
| 1972 | +595.9% | 2.14 % change on previous year | 14.88 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.66 % change on previous year | -12.15 % change on previous year | 14.88 % change on previous year | 9 |
| 1980s | 2.72 % change on previous year | -11.58 % change on previous year | 10.09 % change on previous year | 10 |
| 1990s | 1.01 % change on previous year | -17.85 % change on previous year | 8.05 % change on previous year | 10 |
| 2000s | 7.03 % change on previous year | 6.49 % change on previous year | 7.63 % change on previous year | 10 |
| 2010s | 8.89 % change on previous year | -2.71 % change on previous year | 23.67 % change on previous year | 10 |
| 2020s | 2.32 % change on previous year | -2.76 % change on previous year | 4.21 % change on previous year | 5 |
Countries ranked near Somalia
- 70 Zambia 4.04 % change on previous year compare
- 71 Belarus 4.01 % change on previous year compare
- 72 Sierra Leone 4 % change on previous year compare
- 74 Vanuatu 3.97 % change on previous year compare
- 75 Albania 3.96 % change on previous year compare
- 76 Saint Lucia 3.89 % 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)
- 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 — value standard local currency, 2015 prices in Somalia?
- Gross domestic product — value standard local currency, 2015 prices in Somalia was 3.97 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Somalia?
- The highest recorded value was 23.67 % change on previous year in 2015.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Somalia?
- The lowest recorded value was -17.85 % change on previous year in 1994.
- How does Somalia rank for gross domestic product — value standard local currency, 2015 prices?
- Somalia ranks 73rd out of 223 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Somalia?
- Over the last ten years it is down 75.0%. 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 — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.