Gross Domestic Product — Value US$, 2015 prices in Somalia
Somalia: Gross Domestic Product — Value US$, 2015 prices was 10,043 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$, 2015 prices in Somalia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Somalia recorded 10,043 million USD for gross domestic product — value us$, 2015 prices 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 us$, 2015 prices in Somalia peaked at 10,043 million USD in 2024 and was at its lowest, 1,079 million USD, in 1970.
That places Somalia 168th out of 236 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, 2015 prices in Somalia, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 1,079 million USD | — |
| 1971 | 1,102 million USD | +2.1% |
| 1972 | 1,266 million USD | +14.9% |
| 1973 | 1,112 million USD | -12.1% |
| 1974 | 1,121 million USD | +0.8% |
| 1975 | 1,285 million USD | +14.7% |
| 1976 | 1,262 million USD | -1.8% |
| 1977 | 1,434 million USD | +13.6% |
| 1978 | 1,517 million USD | +5.8% |
| 1979 | 1,441 million USD | -5.0% |
| 1980 | 1,467 million USD | +1.8% |
| 1981 | 1,559 million USD | +6.3% |
| 1982 | 1,602 million USD | +2.8% |
| 1983 | 1,417 million USD | -11.6% |
| 1984 | 1,463 million USD | +3.3% |
| 1985 | 1,602 million USD | +9.5% |
| 1986 | 1,568 million USD | -2.1% |
| 1987 | 1,726 million USD | +10.1% |
| 1988 | 1,785 million USD | +3.4% |
| 1989 | 1,853 million USD | +3.8% |
| 1990 | 1,896 million USD | +2.3% |
| 1991 | 1,952 million USD | +3.0% |
| 1992 | 1,786 million USD | -8.5% |
| 1993 | 1,858 million USD | +4.0% |
| 1994 | 1,526 million USD | -17.8% |
| 1995 | 1,587 million USD | +4.0% |
| 1996 | 1,715 million USD | +8.0% |
| 1997 | 1,735 million USD | +1.2% |
| 1998 | 1,849 million USD | +6.6% |
| 1999 | 1,985 million USD | +7.3% |
| 2000 | 2,126 million USD | +7.1% |
| 2001 | 2,277 million USD | +7.1% |
| 2002 | 2,451 million USD | +7.6% |
| 2003 | 2,638 million USD | +7.6% |
| 2004 | 2,825 million USD | +7.1% |
| 2005 | 3,026 million USD | +7.1% |
| 2006 | 3,222 million USD | +6.5% |
| 2007 | 3,438 million USD | +6.7% |
| 2008 | 3,668 million USD | +6.7% |
| 2009 | 3,914 million USD | +6.7% |
| 2010 | 4,176 million USD | +6.7% |
| 2011 | 4,455 million USD | +6.7% |
| 2012 | 4,753 million USD | +6.7% |
| 2013 | 4,625 million USD | -2.7% |
| 2014 | 5,359 million USD | +15.9% |
| 2015 | 6,628 million USD | +23.7% |
| 2016 | 7,732 million USD | +16.7% |
| 2017 | 8,467 million USD | +9.5% |
| 2018 | 8,721 million USD | +3.0% |
| 2019 | 8,968 million USD | +2.8% |
| 2020 | 8,721 million USD | -2.8% |
| 2021 | 9,022 million USD | +3.5% |
| 2022 | 9,268 million USD | +2.7% |
| 2023 | 9,659 million USD | +4.2% |
| 2024 | 10,043 million USD | +4.0% |
Somalia compared with similar countries
- Somalia's 10,043 million USD is below the median for low income countries, which is 15,260 million USD, 66% of the median. (23 countries reporting)
- Somalia's 10,043 million USD is below the median for Sub-Saharan Africa, which is 15,260 million USD, 66% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,262 million USD | 1,079 million USD | 1,517 million USD | 10 |
| 1980s | 1,604 million USD | 1,417 million USD | 1,853 million USD | 10 |
| 1990s | 1,789 million USD | 1,526 million USD | 1,985 million USD | 10 |
| 2000s | 2,958 million USD | 2,126 million USD | 3,914 million USD | 10 |
| 2010s | 6,388 million USD | 4,176 million USD | 8,968 million USD | 10 |
| 2020s | 9,342 million USD | 8,721 million USD | 10,043 million USD | 5 |
Countries ranked near Somalia
- 166 Congo 10,682 million USD compare
- 167 Kyrgyzstan 10,339 million USD compare
- 169 Sierra Leone 9,691 million USD compare
- 170 Equatorial Guinea 9,527 million USD compare
- 171 Republic of Moldova 9,233 million USD compare
- 171 Moldova 9,233 million USD 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)
- SDRs holdings, US dollar, annual growth rate 25.66 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0238 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 15.71 units per person (2025)
- SDRs holdings, SDR, annual growth rate 19.66 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0174 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 11.47 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0172 units per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Somalia?
- Gross domestic product — value us$, 2015 prices in Somalia was 10,043 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Somalia?
- The highest recorded value was 10,043 million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Somalia?
- The lowest recorded value was 1,079 million USD in 1970.
- How does Somalia rank for gross domestic product — value us$, 2015 prices?
- Somalia ranks 168th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, 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 US$, 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).