Gross National Income — Value Standard Local Currency in Somalia
Somalia: Gross National Income — Value Standard Local Currency was 265.54 million million SLC in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency in Somalia, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Somalia recorded 265.54 million million SLC for gross national income — value standard local currency in 2023. That is the highest value across all 54 years on record.
That represents a change of up 7.6% on the previous year and up 181.9% over ten years.
Over the whole period, gross national income — value standard local currency in Somalia peaked at 265.54 million million SLC in 2023 and was at its lowest, 2,263 million SLC, in 1970.
Somalia ranks 11th of 202 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 National Income — Value Standard Local Currency in Somalia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 2,263 million SLC | — |
| 1971 | 2,360 million SLC | +4.3% |
| 1972 | 2,916 million SLC | +23.6% |
| 1973 | 3,199 million SLC | +9.7% |
| 1974 | 2,960 million SLC | -7.5% |
| 1975 | 4,482 million SLC | +51.4% |
| 1976 | 5,095 million SLC | +13.7% |
| 1977 | 6,874 million SLC | +34.9% |
| 1978 | 8,169 million SLC | +18.8% |
| 1979 | 8,998 million SLC | +10.1% |
| 1980 | 17,335 million SLC | +92.7% |
| 1981 | 22,028 million SLC | +27.1% |
| 1982 | 28,980 million SLC | +31.6% |
| 1983 | 35,058 million SLC | +21.0% |
| 1984 | 61,378 million SLC | +75.1% |
| 1985 | 85,368 million SLC | +39.1% |
| 1986 | 114,409 million SLC | +34.0% |
| 1987 | 164,118 million SLC | +43.4% |
| 1988 | 286,572 million SLC | +74.6% |
| 1989 | 580,169 million SLC | +102.5% |
| 1990 | 1.84 million million SLC | +217.2% |
| 1991 | 2.64 million million SLC | +43.7% |
| 1992 | 3.03 million million SLC | +14.6% |
| 1993 | 4.88 million million SLC | +60.9% |
| 1994 | 6.21 million million SLC | +27.3% |
| 1995 | 8.50 million million SLC | +37.0% |
| 1996 | 12.00 million million SLC | +41.2% |
| 1997 | 16.24 million million SLC | +35.3% |
| 1998 | 21.12 million million SLC | +30.1% |
| 1999 | 25.94 million million SLC | +22.8% |
| 2000 | 31.90 million million SLC | +23.0% |
| 2001 | 37.06 million million SLC | +16.2% |
| 2002 | 43.02 million million SLC | +16.1% |
| 2003 | 49.26 million million SLC | +14.5% |
| 2004 | 56.43 million million SLC | +14.5% |
| 2005 | 70.25 million million SLC | +24.5% |
| 2006 | 69.77 million million SLC | -0.7% |
| 2007 | 77.16 million million SLC | +10.6% |
| 2008 | 84.13 million million SLC | +9.0% |
| 2009 | 92.03 million million SLC | +9.4% |
| 2010 | 83.23 million million SLC | -9.6% |
| 2011 | 86.36 million million SLC | +3.8% |
| 2012 | 90.37 million million SLC | +4.6% |
| 2013 | 94.21 million million SLC | +4.3% |
| 2014 | 116.78 million million SLC | +23.9% |
| 2015 | 146.68 million million SLC | +25.6% |
| 2016 | 169.52 million million SLC | +15.6% |
| 2017 | 189.85 million million SLC | +12.0% |
| 2018 | 190.53 million million SLC | +0.4% |
| 2019 | 209.52 million million SLC | +10.0% |
| 2020 | 208.79 million million SLC | -0.3% |
| 2021 | 229.48 million million SLC | +9.9% |
| 2022 | 246.86 million million SLC | +7.6% |
| 2023 | 265.54 million million SLC | +7.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4,732 million SLC | 2,263 million SLC | 8,998 million SLC | 10 |
| 1980s | 139,542 million SLC | 17,335 million SLC | 580,169 million SLC | 10 |
| 1990s | 10.24 million million SLC | 1.84 million million SLC | 25.94 million million SLC | 10 |
| 2000s | 61.10 million million SLC | 31.90 million million SLC | 92.03 million million SLC | 10 |
| 2010s | 137.70 million million SLC | 83.23 million million SLC | 209.52 million million SLC | 10 |
| 2020s | 237.67 million million SLC | 208.79 million million SLC | 265.54 million million SLC | 4 |
Countries ranked near Somalia
- 8 Paraguay 302.95 million million SLC compare
- 9 India 291.04 million million SLC compare
- 10 Chile 267.52 million million SLC compare
- 12 Nigeria 215.10 million million SLC compare
- 12 Timor-Leste 2,435 million SLC compare
- 13 Argentina 187.45 million million SLC compare
- 14 Uganda 186.36 million 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)
- GDP deflator (base year varies by country), annual growth rate 12.88 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth -15.77 % change on previous year (1990)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8524 current US$ per US$ of GDP (1990)
- Gross value added at basic prices (GVA) (current US$), per capita 124.12 current US$ per person (1990)
- Gross value added at basic prices (GVA) (current LCU), annual growth 211.84 % change on previous year (1990)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1,616 current LCU per US$ of GDP (1990)
- Gross value added at basic prices (GVA) (current LCU), per capita 235,336 current LCU per person (1990)
- GDP (current US$), annual growth rate 8.59 % change on previous year (2025)
Frequently asked questions
- What is gross national income — value standard local currency in Somalia?
- Gross national income — value standard local currency in Somalia was 265.54 million million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross national income — value standard local currency recorded in Somalia?
- The highest recorded value was 265.54 million million SLC in 2023.
- What is the lowest gross national income — value standard local currency recorded in Somalia?
- The lowest recorded value was 2,263 million SLC in 1970.
- How does Somalia rank for gross national income — value standard local currency?
- Somalia ranks 11th out of 202 countries with data for 2023.
- Is gross national income — value standard local currency rising or falling in Somalia?
- Over the last ten years it is up 181.9%. 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 National Income — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).