Merchandise trade as a proportion of GDP (%) in Somalia
Somalia: Merchandise trade as a proportion of GDP (%) was 42.8% in 2024. ▲ Rising
Merchandise trade as a proportion of GDP in Somalia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for merchandise trade as a proportion of gdp in Somalia is 42.8%, measured in 2024.
Compared with earlier readings it is down 6.3% on the previous year and down 9.4% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Somalia peaked at 67.3% in 2011 and was at its lowest, 10.0%, in 2000.
Somalia ranks 146th of 220 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Merchandise trade as a proportion of GDP (%) in Somalia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 10.0% | — |
| 2001 | 12.8% | +28.3% |
| 2002 | 16.7% | +30.6% |
| 2003 | 13.9% | -16.8% |
| 2004 | 12.4% | -10.8% |
| 2005 | 12.3% | -0.7% |
| 2006 | 16.7% | +36.0% |
| 2007 | 13.0% | -22.4% |
| 2008 | 17.7% | +36.0% |
| 2009 | 34.9% | +97.5% |
| 2010 | 52.9% | +51.7% |
| 2011 | 67.3% | +27.2% |
| 2012 | 48.4% | -28.1% |
| 2013 | 48.9% | +1.1% |
| 2014 | 47.2% | -3.4% |
| 2015 | 46.1% | -2.4% |
| 2016 | 40.6% | -11.9% |
| 2017 | 39.9% | -1.7% |
| 2018 | 40.4% | +1.2% |
| 2019 | 43.7% | +8.0% |
| 2020 | 46.6% | +6.6% |
| 2021 | 45.8% | -1.7% |
| 2022 | 47.9% | +4.6% |
| 2023 | 45.7% | -4.6% |
| 2024 | 42.8% | -6.3% |
Somalia compared with similar countries
- Somalia's 42.8% is above the median for low income countries, which is 38.8%, 1.1× the median. (23 countries reporting)
- Somalia's 42.8% is below the median for Sub-Saharan Africa, which is 43.1%, 99% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Merchandise trade as a proportion of GDP (%) 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 |
|---|---|---|---|
| 2009 | +97.5% | 17.7% | 34.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.0% | 10.0% | 34.9% | 10 |
| 2010s | 47.5% | 39.9% | 67.3% | 10 |
| 2020s | 45.8% | 42.8% | 47.9% | 5 |
Countries ranked near Somalia
- 143 Saudi Arabia 43.4% compare
- 144 Palau 43.1% compare
- 145 Ghana 43.1% compare
- 147 Côte d'Ivoire 42.6% compare
- 147 Cote d'Ivoire 42.6% compare
- 149 Madagascar 42.6% compare
More economy & growth data for Somalia
- Real gdp growth, annual growth rate -2.75 % change on previous year (2024)
- 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)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Somalia?
- Merchandise trade as a proportion of gdp in Somalia was 42.8% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Somalia?
- The highest recorded value was 67.3% in 2011.
- What is the lowest merchandise trade as a proportion of gdp recorded in Somalia?
- The lowest recorded value was 10.0% in 2000.
- How does Somalia rank for merchandise trade as a proportion of gdp?
- Somalia ranks 146th out of 220 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Somalia?
- Over the last ten years it is down 9.4%. The long-run trend across the full record is rising.
- Where does this Somalia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).