Gross domestic product (GDP) in Somalia
Somalia: Gross domestic product (GDP) was 3.47 billion current GBP in 2014. ◆ Volatile
Latest (2014)
3.47 billion current GBP
Change on year
up 1.3%
World rank
154th
of 200 countries
All-time high
3.47 billion current GBP
in 2014
All-time low
64.46 million current GBP
in 1960
Years of data
35
1960–2014
Gross domestic product (GDP) in Somalia, 1960–2014
Source: Fouquin and Hugot (2016) – processed by Our World in Data. Measured in current GBP.
Analysis
In 2014, gross domestic product (gdp) in Somalia stood at 3.47 billion current GBP. That is the highest value across all 35 years on record.
Compared with earlier readings it is up 1.3% on the previous year.
Over the whole period, gross domestic product (gdp) in Somalia peaked at 3.47 billion current GBP in 2014 and was at its lowest, 64.46 million current GBP, in 1960.
That places Somalia 154th out of 200 countries with data for 2014, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Somalia, year by year
| Year | current GBP | Change |
|---|---|---|
| 1960 | 64.46 million current GBP | — |
| 1961 | 68.45 million current GBP | +6.2% |
| 1962 | 72.69 million current GBP | +6.2% |
| 1963 | 77.19 million current GBP | +6.2% |
| 1964 | 81.97 million current GBP | +6.2% |
| 1965 | 87.04 million current GBP | +6.2% |
| 1966 | 91.92 million current GBP | +5.6% |
| 1967 | 98.41 million current GBP | +7.1% |
| 1968 | 119.46 million current GBP | +21.4% |
| 1969 | 127.65 million current GBP | +6.8% |
| 1970 | 134.42 million current GBP | +5.3% |
| 1971 | 136.06 million current GBP | +1.2% |
| 1972 | 166.94 million current GBP | +22.7% |
| 1973 | 206.95 million current GBP | +24.0% |
| 1974 | 200.01 million current GBP | -3.4% |
| 1975 | 321.33 million current GBP | +60.7% |
| 1976 | 449.25 million current GBP | +39.8% |
| 1977 | 285.81 million current GBP | -36.4% |
| 1978 | 294.64 million current GBP | +3.1% |
| 1979 | 278.78 million current GBP | -5.4% |
| 1980 | 259.72 million current GBP | -6.8% |
| 1981 | 347.91 million current GBP | +34.0% |
| 1982 | 443.31 million current GBP | +27.4% |
| 1983 | 484.17 million current GBP | +9.2% |
| 1984 | 592.65 million current GBP | +22.4% |
| 1985 | 682.93 million current GBP | +15.2% |
| 1986 | 634.65 million current GBP | -7.1% |
| 1987 | 617.92 million current GBP | -2.6% |
| 1988 | 583.70 million current GBP | -5.5% |
| 1989 | 667.64 million current GBP | +14.4% |
| 1990 | 516.46 million current GBP | -22.6% |
| 1991 | 436.60 million current GBP | -15.5% |
| 1992 | 378.33 million current GBP | -13.3% |
| 2013 | 3.42 billion current GBP | +804.9% |
| 2014 | 3.47 billion current GBP | +1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 88.92 million current GBP | 64.46 million current GBP | 127.65 million current GBP | 10 |
| 1970s | 247.42 million current GBP | 134.42 million current GBP | 449.25 million current GBP | 10 |
| 1980s | 531.46 million current GBP | 259.72 million current GBP | 682.93 million current GBP | 10 |
| 1990s | 443.80 million current GBP | 378.33 million current GBP | 516.46 million current GBP | 3 |
| 2010s | 3.45 billion current GBP | 3.42 billion current GBP | 3.47 billion current GBP | 2 |
Countries ranked near Somalia
- 151 Malawi 3.68 billion current GBP compare
- 152 Bermuda 3.57 billion current GBP compare
- 153 Liechtenstein 3.47 billion current GBP compare
- 155 Mauritania 3.31 billion current GBP compare
- 156 Suriname 3.17 billion current GBP compare
- 157 Sierra Leone 3.04 billion current GBP 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 domestic product (gdp) in Somalia?
- Gross domestic product (gdp) in Somalia was 3.47 billion current GBP in 2014, according to Fouquin and Hugot (2016) – processed by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Somalia?
- The highest recorded value was 3.47 billion current GBP in 2014.
- What is the lowest gross domestic product (gdp) recorded in Somalia?
- The lowest recorded value was 64.46 million current GBP in 1960.
- How does Somalia rank for gross domestic product (gdp)?
- Somalia ranks 154th out of 200 countries with data for 2014.
- Where does this Somalia data come from?
- The figures come from Fouquin and Hugot (2016) – processed by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
This data is expressed in British pounds. It is not adjusted for inflation or differences in living costs between countries.