Real gdp growth, annual growth rate in Somalia
Somalia: Real gdp growth, annual growth rate was -2.75 % change on previous year in 2024. ◆ Volatile
Real gdp growth, annual growth rate in Somalia, 2013–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, real gdp growth, annual growth rate in Somalia stood at -2.75 % change on previous year.
That represents a change of down 105.0% on the previous year and up 94.6% over ten years.
Over the whole period, real gdp growth, annual growth rate in Somalia peaked at 845.1 % change on previous year in 2017 and was at its lowest, -197.45 % change on previous year, in 2020.
That places Somalia 115th out of 196 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.
Real gdp growth, annual growth rate in Somalia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2013 | 371.25 % change on previous year | — |
| 2014 | -51.42 % change on previous year | -113.9% |
| 2015 | 67.06 % change on previous year | -230.4% |
| 2016 | -127.78 % change on previous year | -290.6% |
| 2017 | 845.1 % change on previous year | -761.3% |
| 2018 | -85.26 % change on previous year | -110.1% |
| 2019 | 101.71 % change on previous year | -219.3% |
| 2020 | -197.45 % change on previous year | -294.1% |
| 2021 | 225.65 % change on previous year | -214.3% |
| 2022 | -21.14 % change on previous year | -109.4% |
| 2023 | 54.6 % change on previous year | -358.3% |
| 2024 | -2.75 % change on previous year | -105.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 160.09 % change on previous year | -127.78 % change on previous year | 845.1 % change on previous year | 7 |
| 2020s | 11.78 % change on previous year | -197.45 % change on previous year | 225.65 % change on previous year | 5 |
Countries ranked near Somalia
- 112 Kazakhstan, Republic of -1.96 % change on previous year compare
- 113 Peru -2.13 % change on previous year compare
- 114 Guinea -2.71 % change on previous year compare
- 116 Lithuania -4.19 % change on previous year compare
- 117 Cyprus -4.42 % change on previous year compare
- 118 Singapore -6.01 % change on previous year 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 real gdp growth, annual growth rate in Somalia?
- Real gdp growth, annual growth rate in Somalia was -2.75 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest real gdp growth, annual growth rate recorded in Somalia?
- The highest recorded value was 845.1 % change on previous year in 2017.
- What is the lowest real gdp growth, annual growth rate recorded in Somalia?
- The lowest recorded value was -197.45 % change on previous year in 2020.
- How does Somalia rank for real gdp growth, annual growth rate?
- Somalia ranks 115th out of 196 countries with data for 2024.
- Is real gdp growth, annual growth rate rising or falling in Somalia?
- Over the last ten years it is up 94.6%. 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 Real gdp growth, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 12 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Real gdp growth. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Real gdp growth Our World in Data
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
The year-on-year percentage change in Real gdp growth. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.