Is gross domestic product — value standard local currency, per unit of rising or falling in Somalia?

Over the last ten years it is up 23.8%. The long-run trend across the full record is volatile.

Gross Domestic Product — Value Standard Local Currency, per unit of in Somalia

Name: Gross Domestic Product — Value Standard Local Currency, per unit of in Somalia
Creator: Statizoid (derived)
License: Derived by Statizoid from the sources named on the page

Somalia: Gross Domestic Product — Value Standard Local Currency, per unit of was 0.0254 million SLC per US$ of GDP in 2024. ◆ Volatile

Latest (2024)

0.0254 million SLC per US$ of GDP

Change on year

up 4.4%

World rank

2nd

of 191 countries

All-time high

0.0316 million SLC per US$ of GDP

in 2009

All-time low

0 million SLC per US$ of GDP

in 1973

Years of data

1970–2024

Gross Domestic Product — Value Standard Local Currency, per unit of in Somalia, 1970–2024

Source: Statizoid (derived). Measured in million SLC per US$ of GDP.

Analysis

Somalia recorded 0.0254 million SLC per US$ of GDP for gross domestic product — value standard local currency, per unit of in 2024.

The figure is up 4.4% on the previous year and up 23.8% over ten years.

Over the whole period, gross domestic product — value standard local currency, per unit of in Somalia peaked at 0.0316 million SLC per US$ of GDP in 2009 and was at its lowest, 0 million SLC per US$ of GDP, in 1973.

Somalia ranks 2nd of 191 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 unit of in Somalia, year by year

Annual values for Gross Domestic Product — Value Standard Local Currency, per unit of GDP in Somalia, 1970 to 2024.
Year	million SLC per US$ of GDP	Change
1970	0 million SLC per US$ of GDP	—
1971	0 million SLC per US$ of GDP	+1.8%
1972	0 million SLC per US$ of GDP	-2.1%
1973	0 million SLC per US$ of GDP	-10.0%
1974	0 million SLC per US$ of GDP	+0.2%
1975	0 million SLC per US$ of GDP	+0.0%
1976	0 million SLC per US$ of GDP	-0.0%
1977	0 million SLC per US$ of GDP	+119.2%
1978	0 million SLC per US$ of GDP	+4.9%
1979	0 million SLC per US$ of GDP	+5.2%
1980	0 million SLC per US$ of GDP	+88.9%
1981	0 million SLC per US$ of GDP	+9.6%
1982	0 million SLC per US$ of GDP	+19.2%
1983	0 million SLC per US$ of GDP	+27.1%
1984	0.0001 million SLC per US$ of GDP	+65.5%
1985	0.0001 million SLC per US$ of GDP	+26.1%
1986	0.0001 million SLC per US$ of GDP	+30.0%
1987	0.0002 million SLC per US$ of GDP	+28.4%
1988	0.0003 million SLC per US$ of GDP	+64.3%
1989	0.0005 million SLC per US$ of GDP	+87.3%
1990	0.0019 million SLC per US$ of GDP	+270.2%
1991	0.0038 million SLC per US$ of GDP	+100.4%
1992	0.0044 million SLC per US$ of GDP	+15.8%
1993	0.004 million SLC per US$ of GDP	-9.5%
1994	0.0043 million SLC per US$ of GDP	+8.9%
1995	0.0057 million SLC per US$ of GDP	+32.0%
1996	0.0069 million SLC per US$ of GDP	+20.2%
1997	0.0076 million SLC per US$ of GDP	+10.5%
1998	0.0073 million SLC per US$ of GDP	-3.8%
1999	0.0087 million SLC per US$ of GDP	+19.4%
2000	0.0096 million SLC per US$ of GDP	+9.6%
2001	0.0168 million SLC per US$ of GDP	+75.6%
2002	0.02 million SLC per US$ of GDP	+19.1%
2003	0.0177 million SLC per US$ of GDP	-11.6%
2004	0.0149 million SLC per US$ of GDP	-15.9%
2005	0.0153 million SLC per US$ of GDP	+2.5%
2006	0.0141 million SLC per US$ of GDP	-7.6%
2007	0.0144 million SLC per US$ of GDP	+2.2%
2008	0.0144 million SLC per US$ of GDP	+0.0%
2009	0.0316 million SLC per US$ of GDP	+119.1%
2010	0.0313 million SLC per US$ of GDP	-0.9%
2011	0.03 million SLC per US$ of GDP	-4.2%
2012	0.0208 million SLC per US$ of GDP	-30.4%
2013	0.0187 million SLC per US$ of GDP	-10.1%
2014	0.0205 million SLC per US$ of GDP	+9.4%
2015	0.024 million SLC per US$ of GDP	+16.9%
2016	0.0258 million SLC per US$ of GDP	+7.5%
2017	0.025 million SLC per US$ of GDP	-3.0%
2018	0.0243 million SLC per US$ of GDP	-2.8%
2019	0.0243 million SLC per US$ of GDP	-0.0%
2020	0.0243 million SLC per US$ of GDP	+0.0%
2021	0.0243 million SLC per US$ of GDP	+0.0%
2022	0.0243 million SLC per US$ of GDP	-0.0%
2023	0.0243 million SLC per US$ of GDP	+0.1%
2024	0.0254 million SLC per US$ of GDP	+4.4%

Somalia compared with similar countries

Somalia's 0.0254 million SLC per US$ of GDP is above the median for low income countries, which is 0.0006 million SLC per US$ of GDP, 43.8× the median. (23 countries reporting)
Somalia's 0.0254 million SLC per US$ of GDP is above the median for Sub-Saharan Africa, which is 0.0005 million SLC per US$ of GDP, 49.0× the median. (45 countries reporting)

Biggest year-on-year movements

Years where Gross Domestic Product — Value Standard Local Currency, per unit of 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	+270.2%	0.0005 million SLC per US$ of GDP	0.0019 million SLC per US$ of GDP
1977	+119.2%	0 million SLC per US$ of GDP	0 million SLC per US$ of GDP
2009	+119.1%	0.0144 million SLC per US$ of GDP	0.0316 million SLC per US$ of GDP
1991	+100.4%	0.0019 million SLC per US$ of GDP	0.0038 million SLC per US$ of GDP

Averages by decade

Decade	Average	Lowest	Highest	Years
1970s	0 million SLC per US$ of GDP	0 million SLC per US$ of GDP	0 million SLC per US$ of GDP	10
1980s	0.0001 million SLC per US$ of GDP	0 million SLC per US$ of GDP	0.0005 million SLC per US$ of GDP	10
1990s	0.0055 million SLC per US$ of GDP	0.0019 million SLC per US$ of GDP	0.0087 million SLC per US$ of GDP	10
2000s	0.0169 million SLC per US$ of GDP	0.0096 million SLC per US$ of GDP	0.0316 million SLC per US$ of GDP	10
2010s	0.0245 million SLC per US$ of GDP	0.0187 million SLC per US$ of GDP	0.0313 million SLC per US$ of GDP	10
2020s	0.0245 million SLC per US$ of GDP	0.0243 million SLC per US$ of GDP	0.0254 million SLC per US$ of GDP	5

Countries ranked near Somalia

1 Lebanon 0.0991 million SLC per US$ of GDP compare
3 Vietnam 0.0239 million SLC per US$ of GDP compare
4 Laos 0.0191 million SLC per US$ of GDP compare
5 Indonesia 0.0159 million SLC per US$ of GDP compare

See the full ranking of 191 places →

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)

All data for Somalia →

Frequently asked questions

What is gross domestic product — value standard local currency, per unit of in Somalia?: Gross domestic product — value standard local currency, per unit of in Somalia was 0.0254 million SLC per US$ of GDP in 2024, according to Statizoid (derived).
What is the highest gross domestic product — value standard local currency, per unit of recorded in Somalia?: The highest recorded value was 0.0316 million SLC per US$ of GDP in 2009.
What is the lowest gross domestic product — value standard local currency, per unit of recorded in Somalia?: The lowest recorded value was 0 million SLC per US$ of GDP in 1973.
How does Somalia rank for gross domestic product — value standard local currency, per unit of?: Somalia ranks 2nd out of 191 countries with data for 2024.
Is gross domestic product — value standard local currency, per unit of rising or falling in Somalia?: Over the last ten years it is up 23.8%. 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 unit of GDP. Statizoid updates them automatically from the source API.

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Gross Domestic Product — Value Standard Local Currency, per unit of in Somalia. Statizoid, drawing on Statizoid (derived). Retrieved 23 September 2026, from https://economy.statizoid.com/stat/gross-domestic-product-value-standard-local-currency-per-unit-of-gdp/somalia-fed-rep/

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How this figure is calculated

Gross Domestic Product — Value Standard Local Currency 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 ÷ GDP (current US$)

Computed from

Gross Domestic Product — Value Standard Local Currency 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

Indicator: Gross Domestic Product — Value Standard Local Currency, per unit of GDP
Unit: million SLC per US$ of GDP
Source: Statizoid (derived)
Licence: Derived by Statizoid from the sources named on the page
Coverage: 191 places, 9,350 data points, 1970–2024
Last refreshed: 19 September 2026

Gross Domestic Product — Value Standard Local Currency divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.