Gross Domestic Product — Value Standard Local Currency, 2015 prices in Somalia
Somalia: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 342.64 million SLC per square kilometre in 2023. ◆ Volatile
Latest (2023)
342.64 million SLC per square kilometre
Change on year
up 4.2%
World rank
18th
of 194 countries
All-time high
342.64 million SLC per square kilometre
in 2023
All-time low
38.28 million SLC per square kilometre
in 1970
Years of data
54
1970–2023
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Somalia, 1970–2023
Source: Statizoid (derived). Measured in million SLC per square kilometre.
Analysis
Somalia recorded 342.64 million SLC per square kilometre for gross domestic product — value standard local currency, 2015 prices in 2023. That is the highest value across all 54 years on record.
The figure is up 4.2% on the previous year and up 108.9% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Somalia peaked at 342.64 million SLC per square kilometre in 2023 and was at its lowest, 38.28 million SLC per square kilometre, in 1970.
Somalia ranks 18th of 194 countries on this measure, in the top 10%.
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 | million SLC per square kilometre | Change |
|---|---|---|
| 1970 | 38.28 million SLC per square kilometre | — |
| 1971 | 39.1 million SLC per square kilometre | +2.1% |
| 1972 | 44.91 million SLC per square kilometre | +14.9% |
| 1973 | 39.46 million SLC per square kilometre | -12.1% |
| 1974 | 39.75 million SLC per square kilometre | +0.8% |
| 1975 | 45.6 million SLC per square kilometre | +14.7% |
| 1976 | 44.75 million SLC per square kilometre | -1.8% |
| 1977 | 50.86 million SLC per square kilometre | +13.6% |
| 1978 | 53.81 million SLC per square kilometre | +5.8% |
| 1979 | 51.13 million SLC per square kilometre | -5.0% |
| 1980 | 52.04 million SLC per square kilometre | +1.8% |
| 1981 | 55.3 million SLC per square kilometre | +6.3% |
| 1982 | 56.83 million SLC per square kilometre | +2.8% |
| 1983 | 50.25 million SLC per square kilometre | -11.6% |
| 1984 | 51.9 million SLC per square kilometre | +3.3% |
| 1985 | 56.84 million SLC per square kilometre | +9.5% |
| 1986 | 55.62 million SLC per square kilometre | -2.1% |
| 1987 | 61.23 million SLC per square kilometre | +10.1% |
| 1988 | 63.32 million SLC per square kilometre | +3.4% |
| 1989 | 65.73 million SLC per square kilometre | +3.8% |
| 1990 | 67.26 million SLC per square kilometre | +2.3% |
| 1991 | 69.25 million SLC per square kilometre | +3.0% |
| 1992 | 63.37 million SLC per square kilometre | -8.5% |
| 1993 | 65.9 million SLC per square kilometre | +4.0% |
| 1994 | 54.14 million SLC per square kilometre | -17.8% |
| 1995 | 56.3 million SLC per square kilometre | +4.0% |
| 1996 | 60.83 million SLC per square kilometre | +8.0% |
| 1997 | 61.55 million SLC per square kilometre | +1.2% |
| 1998 | 65.6 million SLC per square kilometre | +6.6% |
| 1999 | 70.4 million SLC per square kilometre | +7.3% |
| 2000 | 75.41 million SLC per square kilometre | +7.1% |
| 2001 | 80.77 million SLC per square kilometre | +7.1% |
| 2002 | 86.93 million SLC per square kilometre | +7.6% |
| 2003 | 93.57 million SLC per square kilometre | +7.6% |
| 2004 | 100.22 million SLC per square kilometre | +7.1% |
| 2005 | 107.34 million SLC per square kilometre | +7.1% |
| 2006 | 114.31 million SLC per square kilometre | +6.5% |
| 2007 | 121.96 million SLC per square kilometre | +6.7% |
| 2008 | 130.12 million SLC per square kilometre | +6.7% |
| 2009 | 138.83 million SLC per square kilometre | +6.7% |
| 2010 | 148.13 million SLC per square kilometre | +6.7% |
| 2011 | 158.04 million SLC per square kilometre | +6.7% |
| 2012 | 168.62 million SLC per square kilometre | +6.7% |
| 2013 | 164.06 million SLC per square kilometre | -2.7% |
| 2014 | 190.1 million SLC per square kilometre | +15.9% |
| 2015 | 235.11 million SLC per square kilometre | +23.7% |
| 2016 | 274.3 million SLC per square kilometre | +16.7% |
| 2017 | 300.37 million SLC per square kilometre | +9.5% |
| 2018 | 309.35 million SLC per square kilometre | +3.0% |
| 2019 | 318.12 million SLC per square kilometre | +2.8% |
| 2020 | 309.35 million SLC per square kilometre | -2.8% |
| 2021 | 320.05 million SLC per square kilometre | +3.5% |
| 2022 | 328.78 million SLC per square kilometre | +2.7% |
| 2023 | 342.64 million SLC per square kilometre | +4.2% |
Somalia compared with similar countries
- Somalia's 342.64 million SLC per square kilometre is above the median for low income countries, which is 8.25 million SLC per square kilometre, 41.5× the median. (23 countries reporting)
- Somalia's 342.64 million SLC per square kilometre is above the median for Sub-Saharan Africa, which is 10.61 million SLC per square kilometre, 32.3× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 44.76 million SLC per square kilometre | 38.28 million SLC per square kilometre | 53.81 million SLC per square kilometre | 10 |
| 1980s | 56.91 million SLC per square kilometre | 50.25 million SLC per square kilometre | 65.73 million SLC per square kilometre | 10 |
| 1990s | 63.46 million SLC per square kilometre | 54.14 million SLC per square kilometre | 70.4 million SLC per square kilometre | 10 |
| 2000s | 104.95 million SLC per square kilometre | 75.41 million SLC per square kilometre | 138.83 million SLC per square kilometre | 10 |
| 2010s | 226.62 million SLC per square kilometre | 148.13 million SLC per square kilometre | 318.12 million SLC per square kilometre | 10 |
| 2020s | 325.21 million SLC per square kilometre | 309.35 million SLC per square kilometre | 342.64 million SLC per square kilometre | 4 |
Countries ranked near Somalia
- 15 Hungary 480.19 million SLC per square kilometre compare
- 16 Guinea 446.92 million SLC per square kilometre compare
- 17 Rwanda 408.92 million SLC per square kilometre compare
- 19 Comoros 333.77 million SLC per square kilometre compare
- 20 Maldives 311.52 million SLC per square kilometre compare
- 21 Armenia 262.27 million SLC per square kilometre 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 342.64 million SLC per square kilometre in 2023, 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 342.64 million SLC per square kilometre in 2023.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Somalia?
- The lowest recorded value was 38.28 million SLC per square kilometre in 1970.
- How does Somalia rank for gross domestic product — value standard local currency, 2015 prices?
- Somalia ranks 18th out of 194 countries with data for 2023.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Somalia?
- Over the last ten years it is up 108.9%. 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, per square kilometre. 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
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by Land area (sq. km), 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 ÷ Land area (sq. km)
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.