Gross Domestic Product — Value Standard Local Currency, per capita in Somalia
Somalia: Gross Domestic Product — Value Standard Local Currency, per capita was 15.99 million SLC per person in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, per capita in Somalia, 1970–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
In 2024, gross domestic product — value standard local currency, per capita in Somalia stood at 15.99 million SLC per person. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 10.1% on the previous year and up 81.5% over ten years.
Over the whole period, gross domestic product — value standard local currency, per capita in Somalia peaked at 15.99 million SLC per person in 2024 and was at its lowest, 0.0006 million SLC per person, in 1971.
Somalia ranks 9th of 192 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, per capita in Somalia, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1970 | 0.0007 million SLC per person | — |
| 1971 | 0.0006 million SLC per person | -1.1% |
| 1972 | 0.0008 million SLC per person | +23.1% |
| 1973 | 0.0008 million SLC per person | -5.4% |
| 1974 | 0.0009 million SLC per person | +15.6% |
| 1975 | 0.0011 million SLC per person | +28.9% |
| 1976 | 0.0013 million SLC per person | +12.2% |
| 1977 | 0.0015 million SLC per person | +22.1% |
| 1978 | 0.0017 million SLC per person | +10.7% |
| 1979 | 0.0016 million SLC per person | -2.9% |
| 1980 | 0.0029 million SLC per person | +77.2% |
| 1981 | 0.0037 million SLC per person | +26.2% |
| 1982 | 0.0048 million SLC per person | +31.5% |
| 1983 | 0.0057 million SLC per person | +16.9% |
| 1984 | 0.0097 million SLC per person | +70.9% |
| 1985 | 0.013 million SLC per person | +34.7% |
| 1986 | 0.017 million SLC per person | +30.6% |
| 1987 | 0.0235 million SLC per person | +37.8% |
| 1988 | 0.0397 million SLC per person | +69.4% |
| 1989 | 0.085 million SLC per person | +114.0% |
| 1990 | 0.2761 million SLC per person | +224.6% |
| 1991 | 0.4004 million SLC per person | +45.0% |
| 1992 | 0.4805 million SLC per person | +20.0% |
| 1993 | 0.7513 million SLC per person | +56.4% |
| 1994 | 0.9144 million SLC per person | +21.7% |
| 1995 | 1.21 million SLC per person | +31.9% |
| 1996 | 1.63 million SLC per person | +35.4% |
| 1997 | 2.13 million SLC per person | +30.5% |
| 1998 | 2.66 million SLC per person | +24.7% |
| 1999 | 3.13 million SLC per person | +17.9% |
| 2000 | 3.7 million SLC per person | +17.9% |
| 2001 | 4.12 million SLC per person | +11.4% |
| 2002 | 4.6 million SLC per person | +11.7% |
| 2003 | 5.07 million SLC per person | +10.2% |
| 2004 | 5.59 million SLC per person | +10.3% |
| 2005 | 6.71 million SLC per person | +20.1% |
| 2006 | 6.45 million SLC per person | -3.8% |
| 2007 | 6.91 million SLC per person | +7.1% |
| 2008 | 7.3 million SLC per person | +5.7% |
| 2009 | 7.78 million SLC per person | +6.5% |
| 2010 | 6.85 million SLC per person | -11.9% |
| 2011 | 7.05 million SLC per person | +2.9% |
| 2012 | 7.3 million SLC per person | +3.6% |
| 2013 | 7.37 million SLC per person | +0.9% |
| 2014 | 8.81 million SLC per person | +19.5% |
| 2015 | 10.68 million SLC per person | +21.3% |
| 2016 | 11.88 million SLC per person | +11.2% |
| 2017 | 12.78 million SLC per person | +7.6% |
| 2018 | 12.38 million SLC per person | -3.1% |
| 2019 | 13.12 million SLC per person | +6.0% |
| 2020 | 12.59 million SLC per person | -4.0% |
| 2021 | 13.34 million SLC per person | +6.0% |
| 2022 | 13.93 million SLC per person | +4.4% |
| 2023 | 14.52 million SLC per person | +4.2% |
| 2024 | 15.99 million SLC per person | +10.1% |
Somalia compared with similar countries
- Somalia's 15.99 million SLC per person is above the median for low income countries, which is 0.5527 million SLC per person, 28.9× the median. (23 countries reporting)
- Somalia's 15.99 million SLC per person is above the median for Sub-Saharan Africa, which is 0.5688 million SLC per person, 28.1× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, per capita 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 |
|---|---|---|---|
| 1990 | +224.6% | 0.085 million SLC per person | 0.2761 million SLC per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0011 million SLC per person | 0.0006 million SLC per person | 0.0017 million SLC per person | 10 |
| 1980s | 0.0205 million SLC per person | 0.0029 million SLC per person | 0.085 million SLC per person | 10 |
| 1990s | 1.36 million SLC per person | 0.2761 million SLC per person | 3.13 million SLC per person | 10 |
| 2000s | 5.82 million SLC per person | 3.7 million SLC per person | 7.78 million SLC per person | 10 |
| 2010s | 9.82 million SLC per person | 6.85 million SLC per person | 13.12 million SLC per person | 10 |
| 2020s | 14.07 million SLC per person | 12.59 million SLC per person | 15.99 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, per capita in Somalia?
- Gross domestic product — value standard local currency, per capita in Somalia was 15.99 million SLC per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, per capita recorded in Somalia?
- The highest recorded value was 15.99 million SLC per person in 2024.
- What is the lowest gross domestic product — value standard local currency, per capita recorded in Somalia?
- The lowest recorded value was 0.0006 million SLC per person in 1971.
- How does Somalia rank for gross domestic product — value standard local currency, per capita?
- Somalia ranks 9th out of 192 countries with data for 2024.
- Is gross domestic product — value standard local currency, per capita rising or falling in Somalia?
- Over the last ten years it is up 81.5%. 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, 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 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 ÷ Population, total
Computed from
- Gross Domestic Product — Value Standard Local Currency 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 divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.