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Economy of Germany vs Somalia compared: GDP & Debt

Updated on by Georank team

Germany has a GDP of $4.66T compared to $12.1B for Somalia, ranking 3/197 and 149/197 by economy size, respectively.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Germany
GDP, current $

GDP, constant 2015 $
Somalia
GDP, current $

GDP, constant 2015 $
Year GDP
Germany Somalia
Current $ Constant $ Current $ Constant $
1960 $84,619,845,881 $917,491,579,543 $180,459,937 $917,045,732
1961 $96,558,204,043 $956,929,400,596 $191,659,914 $887,131,873
1962 $105,895,435,234 $1,001,172,753,513 $203,531,928 $949,911,139
1963 $112,232,503,744 $1,028,557,795,839 $216,145,936 $976,592,267
1964 $123,330,404,665 $1,096,848,581,197 $229,529,913 $916,916,392
1965 $134,774,688,191 $1,154,369,120,213 $243,725,898 $862,417,802
1966 $143,304,275,684 $1,186,832,072,459 $257,375,897 $940,886,220
1967 $145,100,667,773 $1,182,912,482,568 $271,781,887 $996,783,740
1968 $156,527,292,653 $1,249,969,106,699 $286,719,885 $1,017,018,224
1969 $177,733,486,326 $1,342,693,099,411 $306,357,285 $999,733,290
1970 $216,629,229,947 $1,411,212,669,066 $347,985,394 $1,045,535,151
1971 $250,900,942,397 $1,455,421,725,513 $347,039,446 $1,067,892,506
1972 $300,899,944,795 $1,518,009,827,084 $447,883,941 $1,226,805,081
1973 $399,833,571,167 $1,590,532,547,530 $483,699,611 $1,077,756,045
1974 $446,934,971,657 $1,604,689,380,040 $572,504,036 $1,085,866,066
1975 $492,434,094,920 $1,590,780,912,797 $757,015,879 $1,245,436,211
1976 $521,658,712,133 $1,669,512,771,062 $871,344,245 $1,222,421,286
1977 $602,698,323,086 $1,725,395,004,279 $498,550,725 $1,389,224,693
1978 $743,182,891,918 $1,777,303,390,150 $564,571,823 $1,469,791,648
1979 $884,574,218,333 $1,851,067,937,956 $589,566,929 $1,396,493,892
1980 $953,772,499,462 $1,877,146,313,526 $602,515,548 $1,421,532,244
1981 $803,404,797,058 $1,887,080,933,422 $699,302,473 $1,510,579,931
1982 $779,421,633,755 $1,879,629,968,245 $774,578,932 $1,552,377,825
1983 $773,507,930,295 $1,909,185,460,625 $735,408,642 $1,372,667,073
1984 $727,767,760,979 $1,963,080,770,679 $787,434,542 $1,417,493,800
1985 $735,218,723,093 $2,008,780,018,732 $875,702,247 $1,552,579,747
1986 $1,050,092,624,516 $2,054,727,633,074 $916,590,786 $1,519,262,585
1987 $1,302,932,318,825 $2,083,538,029,651 $1,018,972,664 $1,672,521,530
1988 $1,406,367,016,372 $2,160,779,694,267 $1,051,596,967 $1,729,642,284
1989 $1,404,092,925,205 $2,244,975,592,505 $1,181,360,844 $1,795,501,262
1990 $1,778,162,195,860 $2,362,949,196,758 $1,031,282,081 $1,837,281,328
1991 $1,875,792,575,133 $2,483,654,820,997 $717,974,930 $1,891,491,616
1992 $2,141,377,582,968 $2,533,680,204,796 $709,297,579 $1,730,935,689
1993 $2,078,954,217,438 $2,509,019,802,318 $1,260,132,956 $1,800,010,346
1994 $2,215,282,632,277 $2,574,193,723,153 $1,481,205,098 $1,478,762,689
1995 $2,593,053,091,306 $2,612,945,784,189 $1,534,756,135 $1,537,774,140
1996 $2,506,576,553,158 $2,640,072,233,043 $1,792,234,297 $1,661,503,679
1997 $2,218,790,886,533 $2,689,040,748,577 $2,191,749,014 $1,681,117,594
1998 $2,247,760,364,566 $2,745,407,382,812 $2,962,047,564 $1,791,844,291
1999 $2,213,873,468,587 $2,803,887,763,789 $3,045,751,528 $1,922,976,751
2000 $1,966,980,701,145 $2,884,562,511,081 $3,412,797,450 $2,059,706,442
2001 $1,966,381,496,642 $2,931,769,559,083 $2,252,847,465 $2,206,158,044
2002 $2,102,350,798,306 $2,925,076,029,438 $2,192,684,135 $2,374,493,800
2003 $2,534,715,518,349 $2,909,575,202,981 $2,836,724,352 $2,555,674,024
2004 $2,852,317,768,062 $2,943,395,181,479 $3,859,592,813 $2,737,390,479
2005 $2,893,393,187,362 $2,969,464,751,856 $4,683,246,454 $2,932,027,546
2006 $3,046,308,753,671 $3,083,959,477,646 $5,026,743,282 $3,122,209,723
2007 $3,484,056,680,855 $3,173,089,211,904 $5,430,713,729 $3,331,221,430
2008 $3,808,786,022,313 $3,201,977,118,077 $5,913,620,293 $3,554,225,116
2009 $3,479,800,820,863 $3,024,422,218,193 $2,948,594,552 $3,792,157,453
2010 $3,468,154,343,000 $3,149,837,977,324 $2,687,807,004 $4,046,017,819
2011 $3,824,828,563,521 $3,268,207,907,176 $2,906,000,097 $4,316,872,490
2012 $3,597,896,500,945 $3,283,708,733,633 $4,364,670,160 $4,605,859,127
2013 $3,808,086,291,482 $3,296,391,224,293 $5,062,881,600 $5,110,628,983
2014 $3,965,800,686,310 $3,367,906,395,565 $5,728,399,720 $5,569,461,555
2015 $3,423,568,450,957 $3,423,568,450,957 $6,152,149,100 $6,152,149,100
2016 $3,537,784,107,981 $3,502,129,441,295 $6,613,743,070 $6,584,944,951
2017 $3,763,092,263,753 $3,597,248,136,567 $7,621,501,710 $7,555,288,980
2018 $4,052,008,447,224 $3,637,409,365,503 $7,873,440,830 $7,710,498,420
2019 $3,957,208,055,216 $3,673,343,090,743 $8,655,023,960 $7,928,267,058
2020 $3,940,142,541,354 $3,522,914,639,712 $8,628,393,720 $7,710,043,010
2021 $4,348,297,440,388 $3,652,205,602,904 $9,483,997,390 $7,976,673,871
2022 $4,163,596,357,879 $3,702,230,996,916 $10,202,767,270 $8,194,206,885
2023 $4,525,703,903,628 $3,692,366,831,840 $10,968,517,090 $8,539,706,139
2024 $4,659,929,336,891 $3,683,559,545,240 $12,108,515,110 $8,878,930,663

Economic indicators

Germany Somalia
Gross domestic product
$4.66T
2024
$12.1B
2024
GDP rank
3/197
2024
149/197
2024
GDP growth
2.97%
2023-2024
10.4%
2023-2024
GDP per capita
$55,800
2024
$637
2024
GDP per capita rank
18/197
2024
191/197
2024
GDP per capita, PPP
$72,300
2024
$1,601
2024
Government debt
$2.98T
2024
n/a
Debt-to-GDP ratio
65.4%
2025
n/a
Government debt per person
$35,650
2024
n/a
Government debt per person rank
21/185
2024
n/a
Average annual personal income after taxes
$39,481
2025
$1,941
2025
Market capitalization of domestic companies
$2.04T
2024
n/a
Number of millionaires
2,820,819
2024
n/a
Number of billionaires
171
2025
n/a
Income share by richest 10%
25%
2020
n/a
Income share by poorest 10%
2.9%
2020
n/a
Government expenditure, % of GDP
49.9%
2025
13%
2025
Consumer prices inflation
2.26%
2023-2024
3.6%
2024-2025
Unemployment rate
3.37%
2024
18.8%
2019
Population
83039665
20177806

GDP per capita in Germany vs Somalia

Germany's GDP per capita is $55,800, ranking 18/197, compared to $637 in Somalia, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Germany ranks 19th at $72,300, while Somalia ranks 194th at $1,601.

Germany
GDP per capita

GDP per capita, PPP
Somalia
GDP per capita

GDP per capita, PPP
Year Current $
Germany Somalia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $1,162 - $62.7 -
1961 $1,316 - $64.9 -
1962 $1,431 - $67.2 -
1963 $1,502 - $69.5 -
1964 $1,637 - $71.9 -
1965 $1,774 - $74.4 -
1966 $1,871 - $76.5 -
1967 $1,886 - $78.7 -
1968 $2,025 - $80.8 -
1969 $2,281 - $84.1 -
1970 $2,771 - $93.1 -
1971 $3,204 - $90.4 -
1972 $3,824 - $113.7 -
1973 $5,065 - $119.6 -
1974 $5,660 - $137.9 -
1975 $6,259 - $177.8 -
1976 $6,659 - $199.6 -
1977 $7,711 - $111.2 -
1978 $9,517 - $117.3 -
1979 $11,322 - $108.2 -
1980 $12,183 - $101.5 -
1981 $10,246 - $116.9 -
1982 $9,950 - $129 -
1983 $9,900 - $118.6 -
1984 $9,347 - $122.5 -
1985 $9,464 - $130.8 -
1986 $13,511 - $131.4 -
1987 $16,739 - $141 -
1988 $17,997 - $145.3 -
1989 $17,829 - $166 -
1990 $22,386 $19,521 $145.6 -
1991 $23,443 $21,058 $105.4 $469
1992 $26,560 $21,806 $109.2 $461
1993 $25,617 $21,940 $188.6 $477
1994 $27,202 $22,887 $210.8 $380
1995 $31,747 $23,615 $210.7 $389
1996 $30,600 $24,160 $237.2 $413
1997 $27,047 $24,644 $280.1 $411
1998 $27,396 $25,444 $363 $425
1999 $26,965 $26,518 $359 $444
2000 $23,926 $27,468 $386 $467
2001 $23,878 $28,677 $244.9 $492
2002 $25,487 $29,514 $229.6 $517
2003 $30,711 $30,305 $286.3 $547
2004 $34,567 $31,757 $375 $580
2005 $35,084 $32,314 $440 $619
2006 $36,980 $34,749 $458 $659
2007 $42,351 $36,915 $480 $700
2008 $46,386 $38,444 $507 $739
2009 $42,487 $37,554 $246.5 $774
2010 $42,410 $39,730 $219.2 $815
2011 $47,647 $43,398 $235.3 $881
2012 $44,736 $44,229 $350 $1,003
2013 $47,220 $45,889 $393 $944
2014 $48,971 $47,939 $429 $1,128
2015 $41,911 $48,558 $446 $1,341
2016 $42,961 $51,570 $461 $1,469
2017 $45,527 $54,110 $511 $1,597
2018 $48,875 $56,273 $510 $1,552
2019 $47,624 $59,271 $540 $1,548
2020 $47,380 $58,686 $518 $1,454
2021 $52,266 $62,531 $549 $1,392
2022 $49,686 $67,590 $573 $1,487
2023 $53,940 $68,693 $597 $1,557
2024 $55,800 $72,300 $637 $1,601

Inflation comparison by year

Over the past 12 years, Germany has recorded an average annual inflation rate of 2.2%, compared with 3.77% in Somalia. In 2024, inflation was 2.26% in Germany and 3.6% in Somalia.

Inflation
Germany

Somalia
Year Inflation
Germany Somalia Germany Somalia
1996 1.45% -
1997 1.94% -
1998 0.91% -
1999 0.59% -
2000 1.44% -
2001 1.98% -
2002 1.42% -
2003 1.03% -
2004 1.67% -
2005 1.55% -
2006 1.58% -
2007 2.3% -
2008 2.63% -
2009 0.31% -
2010 1.1% -
2011 2.08% -
2012 2.01% -
2013 1.5% 2.8%
2014 0.91% 1.3%
2015 0.51% 0.9%
2016 0.49% 0%
2017 1.51% 4%
2018 1.73% 4.3%
2019 1.45% 4.7%
2020 0.14% 4.1%
2021 3.07% 4.6%
2022 6.87% 6.8%
2023 5.95% 6.2%
2024 2.26% 5.5%
2025 - 3.6%

Top exports between countries

Germany
Export category Export value
Machinery & equipment $18.4M
Wood & paper products $4.39M
Chemicals & pharma $2.33M
Textiles & consumer goods $683K
Processed food, beverages & tobacco $296K
Raw materials & minerals $228K
Metals $79K
Raw agricultural goods $53K
Animal & marine products $38K
Miscellaneous $26K
Somalia
Export category Export value
Raw agricultural goods $2.31M
Precious metals & jewellery $207K
Chemicals & pharma $135K
Miscellaneous $56K
Animal & marine products $55K
Machinery & equipment $31K
Textiles & consumer goods $20K
Processed food, beverages & tobacco $15K
Metals $6K

Balance of trade

Germany Somalia
Current account balance
$264B
2024
n/a
Current account balance ranking
2/189
2024
n/a
Current account balance, % of GDP
+5.67%
2024
n/a
Goods imports
$1.21T
2024
n/a
Goods exports
$1.47T
2024
n/a
Service imports
$551B
2024
n/a
Service exports
$470B
2024
n/a
Imports of goods and services, % of GDP
38.2%
2024
74.3%
2024
Exports of goods and services, % of GDP
42.1%
2024
20%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Germany Somalia
Economic freedom 71.6 29
Economic freedom ranking 28/197 193/197
Property rights 95.4 0
Government integrity 86 8.2
Judicial effectiveness 93.5 1.6
Tax burden 60.5 100
Government spending 26.9 n/a
Fiscal health 81.1 0
Business freedom 83.7 26.1
Labor freedom 53.3 26.5
Monetary freedom 69 n/a
Trade freedom 79.6 n/a
Investment freedom 60 n/a
Financial freedom 70 n/a

More economic indicators

Germany Somalia
Services, % of GDP
63.9%
2024
n/a
Industry, % of GDP
25.8%
2024
9.66%
1986
Agriculture, forestry, and fishing, % of GDP
0.83%
2024
55.8%
1990
GNI, Atlas method
$4.59T
2024
$11.5B
2024
GNI per capita, PPP
$74,880
2024
$1,590
2024
Total reserves including gold
$378B
2024
$23.1M
1989
Total reserves ranking
10/177
2024
177/177
1989
Net foreign direct investment
$32.6B
2024
n/a
Net inflows of foreign direct investment
$47.6B
2024
$765M
2024
Net outflows of foreign direct investment
$80.2B
2024
n/a
Servicing debt to the IMF, % of GNI
n/a
3.32%
2023
Poverty at national poverty lines
14.8%
2021
55.4%
2022
Gross capital formation, % of GDP
21%
2024
22.7%
2024

GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.