Gross Domestic Product — Value Standard Local Currency, 2015 prices in Somalia
Somalia: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 11.76 million SLC per person in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Somalia, 1970–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Somalia stood at 11.76 million SLC per person.
Compared with earlier readings it is up 0.4% on the previous year and up 31.5% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Somalia peaked at 12.63 million SLC per person in 2017 and was at its lowest, 4.83 million SLC per person, in 1994.
That places Somalia 6th out of 194 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Somalia, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1970 | 6.42 million SLC per person | — |
| 1971 | 6.39 million SLC per person | -0.5% |
| 1972 | 7.15 million SLC per person | +11.9% |
| 1973 | 6.12 million SLC per person | -14.5% |
| 1974 | 6.01 million SLC per person | -1.8% |
| 1975 | 6.72 million SLC per person | +11.8% |
| 1976 | 6.43 million SLC per person | -4.3% |
| 1977 | 7.12 million SLC per person | +10.6% |
| 1978 | 7.01 million SLC per person | -1.5% |
| 1979 | 5.89 million SLC per person | -16.0% |
| 1980 | 5.5 million SLC per person | -6.6% |
| 1981 | 5.8 million SLC per person | +5.4% |
| 1982 | 5.94 million SLC per person | +2.4% |
| 1983 | 5.09 million SLC per person | -14.4% |
| 1984 | 5.06 million SLC per person | -0.4% |
| 1985 | 5.33 million SLC per person | +5.2% |
| 1986 | 5 million SLC per person | -6.1% |
| 1987 | 5.31 million SLC per person | +6.2% |
| 1988 | 5.49 million SLC per person | +3.3% |
| 1989 | 5.8 million SLC per person | +5.6% |
| 1990 | 5.96 million SLC per person | +2.8% |
| 1991 | 6.38 million SLC per person | +7.0% |
| 1992 | 6.12 million SLC per person | -4.0% |
| 1993 | 6.19 million SLC per person | +1.1% |
| 1994 | 4.83 million SLC per person | -21.9% |
| 1995 | 4.85 million SLC per person | +0.3% |
| 1996 | 5.05 million SLC per person | +4.2% |
| 1997 | 4.93 million SLC per person | -2.3% |
| 1998 | 5.05 million SLC per person | +2.3% |
| 1999 | 5.2 million SLC per person | +3.1% |
| 2000 | 5.35 million SLC per person | +2.9% |
| 2001 | 5.51 million SLC per person | +2.9% |
| 2002 | 5.71 million SLC per person | +3.7% |
| 2003 | 5.92 million SLC per person | +3.7% |
| 2004 | 6.12 million SLC per person | +3.2% |
| 2005 | 6.33 million SLC per person | +3.5% |
| 2006 | 6.53 million SLC per person | +3.3% |
| 2007 | 6.76 million SLC per person | +3.4% |
| 2008 | 7 million SLC per person | +3.6% |
| 2009 | 7.28 million SLC per person | +4.0% |
| 2010 | 7.58 million SLC per person | +4.1% |
| 2011 | 8.03 million SLC per person | +5.9% |
| 2012 | 8.49 million SLC per person | +5.7% |
| 2013 | 8 million SLC per person | -5.8% |
| 2014 | 8.94 million SLC per person | +11.8% |
| 2015 | 10.68 million SLC per person | +19.5% |
| 2016 | 11.99 million SLC per person | +12.3% |
| 2017 | 12.63 million SLC per person | +5.3% |
| 2018 | 12.56 million SLC per person | -0.6% |
| 2019 | 12.45 million SLC per person | -0.9% |
| 2020 | 11.65 million SLC per person | -6.4% |
| 2021 | 11.62 million SLC per person | -0.3% |
| 2022 | 11.59 million SLC per person | -0.3% |
| 2023 | 11.71 million SLC per person | +1.1% |
| 2024 | 11.76 million SLC per person | +0.4% |
Somalia compared with similar countries
- Somalia's 11.76 million SLC per person is above the median for low income countries, which is 0.2311 million SLC per person, 50.9× the median. (23 countries reporting)
- Somalia's 11.76 million SLC per person is above the median for Sub-Saharan Africa, which is 0.3487 million SLC per person, 33.7× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.53 million SLC per person | 5.89 million SLC per person | 7.15 million SLC per person | 10 |
| 1980s | 5.43 million SLC per person | 5 million SLC per person | 5.94 million SLC per person | 10 |
| 1990s | 5.46 million SLC per person | 4.83 million SLC per person | 6.38 million SLC per person | 10 |
| 2000s | 6.25 million SLC per person | 5.35 million SLC per person | 7.28 million SLC per person | 10 |
| 2010s | 10.13 million SLC per person | 7.58 million SLC per person | 12.63 million SLC per person | 10 |
| 2020s | 11.67 million SLC per person | 11.59 million SLC per person | 11.76 million SLC per person | 5 |
Countries ranked near Somalia
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 11.76 million SLC per person 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 12.63 million SLC per person in 2017.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Somalia?
- The lowest recorded value was 4.83 million SLC per person in 1994.
- How does Somalia rank for gross domestic product — value standard local currency, 2015 prices?
- Somalia ranks 6th out of 194 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 up 31.5%. The long-run trend across the full record is rising.
- 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, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Domestic Product — Value Standard Local Currency, 2015 prices ÷ Population, total
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- Population, total World Population Prospects, United Nations (UN)
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
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.