Gross Domestic Product — Value Standard Local Currency, 2015 prices in Somalia
Somalia: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 223.49 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Somalia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross domestic product — value standard local currency, 2015 prices in Somalia is 223.49 million million SLC, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 4.0% on the previous year and up 87.4% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Somalia peaked at 223.49 million million SLC in 2024 and was at its lowest, 24.01 million million SLC, in 1970.
That places Somalia 8th out of 194 countries with data for 2024, putting it 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 | Change |
|---|---|---|
| 1970 | 24.01 million million SLC | — |
| 1971 | 24.53 million million SLC | +2.1% |
| 1972 | 28.18 million million SLC | +14.9% |
| 1973 | 24.75 million million SLC | -12.1% |
| 1974 | 24.94 million million SLC | +0.8% |
| 1975 | 28.60 million million SLC | +14.7% |
| 1976 | 28.08 million million SLC | -1.8% |
| 1977 | 31.91 million million SLC | +13.6% |
| 1978 | 33.76 million million SLC | +5.8% |
| 1979 | 32.07 million million SLC | -5.0% |
| 1980 | 32.65 million million SLC | +1.8% |
| 1981 | 34.69 million million SLC | +6.3% |
| 1982 | 35.65 million million SLC | +2.8% |
| 1983 | 31.53 million million SLC | -11.6% |
| 1984 | 32.56 million million SLC | +3.3% |
| 1985 | 35.66 million million SLC | +9.5% |
| 1986 | 34.89 million million SLC | -2.1% |
| 1987 | 38.41 million million SLC | +10.1% |
| 1988 | 39.73 million million SLC | +3.4% |
| 1989 | 41.24 million million SLC | +3.8% |
| 1990 | 42.20 million million SLC | +2.3% |
| 1991 | 43.44 million million SLC | +3.0% |
| 1992 | 39.76 million million SLC | -8.5% |
| 1993 | 41.34 million million SLC | +4.0% |
| 1994 | 33.96 million million SLC | -17.8% |
| 1995 | 35.32 million million SLC | +4.0% |
| 1996 | 38.16 million million SLC | +8.0% |
| 1997 | 38.61 million million SLC | +1.2% |
| 1998 | 41.15 million million SLC | +6.6% |
| 1999 | 44.17 million million SLC | +7.3% |
| 2000 | 47.31 million million SLC | +7.1% |
| 2001 | 50.67 million million SLC | +7.1% |
| 2002 | 54.54 million million SLC | +7.6% |
| 2003 | 58.70 million million SLC | +7.6% |
| 2004 | 62.87 million million SLC | +7.1% |
| 2005 | 67.34 million million SLC | +7.1% |
| 2006 | 71.71 million million SLC | +6.5% |
| 2007 | 76.51 million million SLC | +6.7% |
| 2008 | 81.63 million million SLC | +6.7% |
| 2009 | 87.10 million million SLC | +6.7% |
| 2010 | 92.93 million million SLC | +6.7% |
| 2011 | 99.15 million million SLC | +6.7% |
| 2012 | 105.78 million million SLC | +6.7% |
| 2013 | 102.92 million million SLC | -2.7% |
| 2014 | 119.26 million million SLC | +15.9% |
| 2015 | 147.49 million million SLC | +23.7% |
| 2016 | 172.08 million million SLC | +16.7% |
| 2017 | 188.44 million million SLC | +9.5% |
| 2018 | 194.07 million million SLC | +3.0% |
| 2019 | 199.57 million million SLC | +2.8% |
| 2020 | 194.07 million million SLC | -2.8% |
| 2021 | 200.78 million million SLC | +3.5% |
| 2022 | 206.26 million million SLC | +2.7% |
| 2023 | 214.95 million million SLC | +4.2% |
| 2024 | 223.49 million million SLC | +4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.08 million million SLC | 24.01 million million SLC | 33.76 million million SLC | 10 |
| 1980s | 35.70 million million SLC | 31.53 million million SLC | 41.24 million million SLC | 10 |
| 1990s | 39.81 million million SLC | 33.96 million million SLC | 44.17 million million SLC | 10 |
| 2000s | 65.84 million million SLC | 47.31 million million SLC | 87.10 million million SLC | 10 |
| 2010s | 142.17 million million SLC | 92.93 million million SLC | 199.57 million million SLC | 10 |
| 2020s | 207.91 million million SLC | 194.07 million million SLC | 223.49 million million SLC | 5 |
Countries ranked near Somalia
- 5 Democratic Republic of the Congo 56.14 million million SLC compare
- 5 Uzbekistan 358.93 million million SLC compare
- 6 Paraguay 238.86 million million SLC compare
- 6 Syrian Arab Republic 4.95 million million SLC compare
- 7 India 224.20 million million SLC compare
- 7 Türkiye 3.52 million million SLC compare
- 8 Democratic People's Republic of Korea 1.67 million million SLC compare
- 9 Bolivia (Plurinational State of) 276,730 million SLC compare
- 9 Iraq 216.39 million million SLC compare
- 10 Chile 187.82 million million SLC compare
- 10 Republic of Moldova 173,742 million SLC compare
- 11 Cambodia 155.73 million million SLC compare
- 11 Timor-Leste 1,731 million SLC 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)
- Exports of goods and services (current LCU), annual growth rate 8.95 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 8,805 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 5.82 million current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate -1.2 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.2072 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 137.02 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 14.14 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2811 current US$ per US$ of GDP (2025)
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 223.49 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Somalia?
- The highest recorded value was 223.49 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Somalia?
- The lowest recorded value was 24.01 million million SLC in 1970.
- How does Somalia rank for gross domestic product — value standard local currency, 2015 prices?
- Somalia ranks 8th 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 87.4%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).