Gross Domestic Product — Value Standard Local Currency, 2015 prices in Somalia
Somalia: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 0.0187 million SLC per US$ of GDP in 2024. ▼ Falling
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Somalia, 1970–2024
Source: Statizoid (derived). Measured in million SLC per US$ of GDP.
Analysis
Somalia recorded 0.0187 million SLC per US$ of GDP for gross domestic product — value standard local currency, 2015 prices in 2024.
The figure is down 4.8% on the previous year and down 10.3% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Somalia peaked at 0.0707 million SLC per US$ of GDP in 1971 and was at its lowest, 0.0138 million SLC per US$ of GDP, in 2008.
Somalia ranks 1st of 193 countries on this measure, in the top 10%.
The long-run direction has been consistently falling 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 US$ of GDP | Change |
|---|---|---|
| 1970 | 0.069 million SLC per US$ of GDP | — |
| 1971 | 0.0707 million SLC per US$ of GDP | +2.4% |
| 1972 | 0.0629 million SLC per US$ of GDP | -11.0% |
| 1973 | 0.0512 million SLC per US$ of GDP | -18.7% |
| 1974 | 0.0436 million SLC per US$ of GDP | -14.9% |
| 1975 | 0.0378 million SLC per US$ of GDP | -13.3% |
| 1976 | 0.0322 million SLC per US$ of GDP | -14.7% |
| 1977 | 0.064 million SLC per US$ of GDP | +98.6% |
| 1978 | 0.0598 million SLC per US$ of GDP | -6.6% |
| 1979 | 0.0544 million SLC per US$ of GDP | -9.0% |
| 1980 | 0.0542 million SLC per US$ of GDP | -0.4% |
| 1981 | 0.0496 million SLC per US$ of GDP | -8.4% |
| 1982 | 0.046 million SLC per US$ of GDP | -7.2% |
| 1983 | 0.0429 million SLC per US$ of GDP | -6.9% |
| 1984 | 0.0413 million SLC per US$ of GDP | -3.6% |
| 1985 | 0.0407 million SLC per US$ of GDP | -1.5% |
| 1986 | 0.0381 million SLC per US$ of GDP | -6.5% |
| 1987 | 0.0377 million SLC per US$ of GDP | -1.0% |
| 1988 | 0.0378 million SLC per US$ of GDP | +0.2% |
| 1989 | 0.0349 million SLC per US$ of GDP | -7.6% |
| 1990 | 0.0409 million SLC per US$ of GDP | +17.2% |
| 1991 | 0.0605 million SLC per US$ of GDP | +47.9% |
| 1992 | 0.056 million SLC per US$ of GDP | -7.4% |
| 1993 | 0.0328 million SLC per US$ of GDP | -41.5% |
| 1994 | 0.0229 million SLC per US$ of GDP | -30.1% |
| 1995 | 0.023 million SLC per US$ of GDP | +0.4% |
| 1996 | 0.0213 million SLC per US$ of GDP | -7.5% |
| 1997 | 0.0176 million SLC per US$ of GDP | -17.3% |
| 1998 | 0.0139 million SLC per US$ of GDP | -21.1% |
| 1999 | 0.0145 million SLC per US$ of GDP | +4.4% |
| 2000 | 0.0139 million SLC per US$ of GDP | -4.4% |
| 2001 | 0.0225 million SLC per US$ of GDP | +62.3% |
| 2002 | 0.0249 million SLC per US$ of GDP | +10.6% |
| 2003 | 0.0207 million SLC per US$ of GDP | -16.8% |
| 2004 | 0.0163 million SLC per US$ of GDP | -21.3% |
| 2005 | 0.0144 million SLC per US$ of GDP | -11.7% |
| 2006 | 0.0143 million SLC per US$ of GDP | -0.8% |
| 2007 | 0.0141 million SLC per US$ of GDP | -1.2% |
| 2008 | 0.0138 million SLC per US$ of GDP | -2.0% |
| 2009 | 0.0295 million SLC per US$ of GDP | +114.0% |
| 2010 | 0.0346 million SLC per US$ of GDP | +17.0% |
| 2011 | 0.0341 million SLC per US$ of GDP | -1.3% |
| 2012 | 0.0242 million SLC per US$ of GDP | -29.0% |
| 2013 | 0.0203 million SLC per US$ of GDP | -16.1% |
| 2014 | 0.0208 million SLC per US$ of GDP | +2.4% |
| 2015 | 0.024 million SLC per US$ of GDP | +15.2% |
| 2016 | 0.026 million SLC per US$ of GDP | +8.5% |
| 2017 | 0.0247 million SLC per US$ of GDP | -5.0% |
| 2018 | 0.0246 million SLC per US$ of GDP | -0.3% |
| 2019 | 0.0231 million SLC per US$ of GDP | -6.5% |
| 2020 | 0.0225 million SLC per US$ of GDP | -2.4% |
| 2021 | 0.0212 million SLC per US$ of GDP | -5.9% |
| 2022 | 0.0202 million SLC per US$ of GDP | -4.5% |
| 2023 | 0.0196 million SLC per US$ of GDP | -3.0% |
| 2024 | 0.0187 million SLC per US$ of GDP | -4.8% |
Somalia compared with similar countries
- Somalia's 0.0187 million SLC per US$ of GDP is above the median for low income countries, which is 0.0004 million SLC per US$ of GDP, 43.7× the median. (23 countries reporting)
- Somalia's 0.0187 million SLC per US$ of GDP is above the median for Sub-Saharan Africa, which is 0.0004 million SLC per US$ of GDP, 46.8× the median. (45 countries reporting)
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 |
|---|---|---|---|
| 2009 | +114.0% | 0.0138 million SLC per US$ of GDP | 0.0295 million SLC per US$ of GDP |
| 1977 | +98.6% | 0.0322 million SLC per US$ of GDP | 0.064 million SLC per US$ of GDP |
| 2001 | +62.3% | 0.0139 million SLC per US$ of GDP | 0.0225 million SLC per US$ of GDP |
| 1991 | +47.9% | 0.0409 million SLC per US$ of GDP | 0.0605 million SLC per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0546 million SLC per US$ of GDP | 0.0322 million SLC per US$ of GDP | 0.0707 million SLC per US$ of GDP | 10 |
| 1980s | 0.0423 million SLC per US$ of GDP | 0.0349 million SLC per US$ of GDP | 0.0542 million SLC per US$ of GDP | 10 |
| 1990s | 0.0304 million SLC per US$ of GDP | 0.0139 million SLC per US$ of GDP | 0.0605 million SLC per US$ of GDP | 10 |
| 2000s | 0.0184 million SLC per US$ of GDP | 0.0138 million SLC per US$ of GDP | 0.0295 million SLC per US$ of GDP | 10 |
| 2010s | 0.0256 million SLC per US$ of GDP | 0.0203 million SLC per US$ of GDP | 0.0346 million SLC per US$ of GDP | 10 |
| 2020s | 0.0204 million SLC per US$ of GDP | 0.0187 million SLC per US$ of GDP | 0.0225 million SLC per US$ of GDP | 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$), annual growth rate 0.6536 % change on previous year (1989)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Somalia?
- Gross domestic product — value standard local currency, 2015 prices in Somalia was 0.0187 million SLC per US$ of GDP 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 0.0707 million SLC per US$ of GDP in 1971.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Somalia?
- The lowest recorded value was 0.0138 million SLC per US$ of GDP in 2008.
- How does Somalia rank for gross domestic product — value standard local currency, 2015 prices?
- Somalia ranks 1st out of 193 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 10.3%. The long-run trend across the full record is falling.
- 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 unit of GDP. 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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Domestic Product — Value Standard Local Currency, 2015 prices ÷ GDP (current US$)
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.