Somalia ranked 149/197 by economy size with a GDP of $12.1B and 191/197 by GDP per capita at $637.
In 2025, Somalia made up 0.01% of the world's economy, compared to 0.01% in 1960.
The chart below shows GDP in nominal terms, GDP adjusted for inflation (in constant dollars), and a bar chart of year-over-year inflation-adjusted growth.
| Year | GDP | GDP growth | |
|---|---|---|---|
| Current $ | Constant $ | ||
| 1960 | $180,459,937 | $917,045,732 | - |
| 1961 | $191,659,914 | $887,131,873 | 6.21% |
| 1962 | $203,531,928 | $949,911,139 | 6.19% |
| 1963 | $216,145,936 | $976,592,267 | 6.2% |
| 1964 | $229,529,913 | $916,916,392 | 6.19% |
| 1965 | $243,725,898 | $862,417,802 | 6.18% |
| 1966 | $257,375,897 | $940,886,220 | 5.6% |
| 1967 | $271,781,887 | $996,783,740 | 5.6% |
| 1968 | $286,719,885 | $1,017,018,224 | 5.5% |
| 1969 | $306,357,285 | $999,733,290 | 6.85% |
| 1970 | $347,985,394 | $1,045,535,151 | 13.6% |
| 1971 | $347,039,446 | $1,067,892,506 | -0.27% |
| 1972 | $447,883,941 | $1,226,805,081 | 29.1% |
| 1973 | $483,699,611 | $1,077,756,045 | 8% |
| 1974 | $572,504,036 | $1,085,866,066 | 18.4% |
| 1975 | $757,015,879 | $1,245,436,211 | 32.2% |
| 1976 | $871,344,245 | $1,222,421,286 | 15.1% |
| 1977 | $498,550,725 | $1,389,224,693 | -42.8% |
| 1978 | $564,571,823 | $1,469,791,648 | 13.2% |
| 1979 | $589,566,929 | $1,396,493,892 | 4.43% |
| 1980 | $602,515,548 | $1,421,532,244 | 2.2% |
| 1981 | $699,302,473 | $1,510,579,931 | 16.1% |
| 1982 | $774,578,932 | $1,552,377,825 | 10.8% |
| 1983 | $735,408,642 | $1,372,667,073 | -5.06% |
| 1984 | $787,434,542 | $1,417,493,800 | 7.07% |
| 1985 | $875,702,247 | $1,552,579,747 | 11.2% |
| 1986 | $916,590,786 | $1,519,262,585 | 4.67% |
| 1987 | $1,018,972,664 | $1,672,521,530 | 11.2% |
| 1988 | $1,051,596,967 | $1,729,642,284 | 3.2% |
| 1989 | $1,181,360,844 | $1,795,501,262 | 12.3% |
| 1990 | $1,031,282,081 | $1,837,281,328 | -12.7% |
| 1991 | $717,974,930 | $1,891,491,616 | -30.4% |
| 1992 | $709,297,579 | $1,730,935,689 | -1.21% |
| 1993 | $1,260,132,956 | $1,800,010,346 | 77.7% |
| 1994 | $1,481,205,098 | $1,478,762,689 | 17.5% |
| 1995 | $1,534,756,135 | $1,537,774,140 | 3.62% |
| 1996 | $1,792,234,297 | $1,661,503,679 | 16.8% |
| 1997 | $2,191,749,014 | $1,681,117,594 | 22.3% |
| 1998 | $2,962,047,564 | $1,791,844,291 | 35.1% |
| 1999 | $3,045,751,528 | $1,922,976,751 | 2.83% |
| 2000 | $3,412,797,450 | $2,059,706,442 | 12.1% |
| 2001 | $2,252,847,465 | $2,206,158,044 | -34% |
| 2002 | $2,192,684,135 | $2,374,493,800 | -2.67% |
| 2003 | $2,836,724,352 | $2,555,674,024 | 29.4% |
| 2004 | $3,859,592,813 | $2,737,390,479 | 36.1% |
| 2005 | $4,683,246,454 | $2,932,027,546 | 21.3% |
| 2006 | $5,026,743,282 | $3,122,209,723 | 7.33% |
| 2007 | $5,430,713,729 | $3,331,221,430 | 8.04% |
| 2008 | $5,913,620,293 | $3,554,225,116 | 8.89% |
| 2009 | $2,948,594,552 | $3,792,157,453 | -50.1% |
| 2010 | $2,687,807,004 | $4,046,017,819 | -8.84% |
| 2011 | $2,906,000,097 | $4,316,872,490 | 8.12% |
| 2012 | $4,364,670,160 | $4,605,859,127 | 50.2% |
| 2013 | $5,062,881,600 | $5,110,628,983 | 16% |
| 2014 | $5,728,399,720 | $5,569,461,555 | 13.1% |
| 2015 | $6,152,149,100 | $6,152,149,100 | 7.4% |
| 2016 | $6,613,743,070 | $6,584,944,951 | 7.5% |
| 2017 | $7,621,501,710 | $7,555,288,980 | 15.2% |
| 2018 | $7,873,440,830 | $7,710,498,420 | 3.31% |
| 2019 | $8,655,023,960 | $7,928,267,058 | 9.93% |
| 2020 | $8,628,393,720 | $7,710,043,010 | -0.31% |
| 2021 | $9,483,997,390 | $7,976,673,871 | 9.92% |
| 2022 | $10,202,767,270 | $8,194,206,885 | 7.58% |
| 2023 | $10,968,517,090 | $8,539,706,139 | 7.51% |
| 2024 | $12,108,515,110 | $8,878,930,663 | 10.4% |
Economic Statistics of Somalia
Somalia
|
Rank | |
|---|---|---|
| Gross domestic product |
$12.1B
2024 |
149/197 |
| GDP growth |
10.4%
2023-2024 |
34/196 |
| GDP per capita |
$637
2024 |
191/197 |
| GDP per capita, PPP |
$1,601
2024 |
194/197 |
| Average annual personal income after taxes |
$1,941
2025 |
167/197 |
| Government expenditure, % of GDP |
13%
2025 |
189/195 |
| Consumer prices inflation |
3.6%
2024-2025 |
86/195 |
| Unemployment rate |
18.8%
2019 |
12/196 |
| Population |
20177806
|
68/197 |
Somalia's GDP per capita
Somalia has a GDP per capita of $637, ranking 191/197, a GDP per capita based on purchasing power parity (PPP) of $1,601, ranking 194/197, and a median annual after tax income of $1,941, ranking 167/197.
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 1960 | $62.7 | - |
| 1961 | $64.9 | - |
| 1962 | $67.2 | - |
| 1963 | $69.5 | - |
| 1964 | $71.9 | - |
| 1965 | $74.4 | - |
| 1966 | $76.5 | - |
| 1967 | $78.7 | - |
| 1968 | $80.8 | - |
| 1969 | $84.1 | - |
| 1970 | $93.1 | - |
| 1971 | $90.4 | - |
| 1972 | $113.7 | - |
| 1973 | $119.6 | - |
| 1974 | $137.9 | - |
| 1975 | $177.8 | - |
| 1976 | $199.6 | - |
| 1977 | $111.2 | - |
| 1978 | $117.3 | - |
| 1979 | $108.2 | - |
| 1980 | $101.5 | - |
| 1981 | $116.9 | - |
| 1982 | $129 | - |
| 1983 | $118.6 | - |
| 1984 | $122.5 | - |
| 1985 | $130.8 | - |
| 1986 | $131.4 | - |
| 1987 | $141 | - |
| 1988 | $145.3 | - |
| 1989 | $166 | - |
| 1990 | $145.6 | - |
| 1991 | $105.4 | $469 |
| 1992 | $109.2 | $461 |
| 1993 | $188.6 | $477 |
| 1994 | $210.8 | $380 |
| 1995 | $210.7 | $389 |
| 1996 | $237.2 | $413 |
| 1997 | $280.1 | $411 |
| 1998 | $363 | $425 |
| 1999 | $359 | $444 |
| 2000 | $386 | $467 |
| 2001 | $244.9 | $492 |
| 2002 | $229.6 | $517 |
| 2003 | $286.3 | $547 |
| 2004 | $375 | $580 |
| 2005 | $440 | $619 |
| 2006 | $458 | $659 |
| 2007 | $480 | $700 |
| 2008 | $507 | $739 |
| 2009 | $246.5 | $774 |
| 2010 | $219.2 | $815 |
| 2011 | $235.3 | $881 |
| 2012 | $350 | $1,003 |
| 2013 | $393 | $944 |
| 2014 | $429 | $1,128 |
| 2015 | $446 | $1,341 |
| 2016 | $461 | $1,469 |
| 2017 | $511 | $1,597 |
| 2018 | $510 | $1,552 |
| 2019 | $540 | $1,548 |
| 2020 | $518 | $1,454 |
| 2021 | $549 | $1,392 |
| 2022 | $573 | $1,487 |
| 2023 | $597 | $1,557 |
| 2024 | $637 | $1,601 |
Inflation rate by year
Over the past 13 years, Somalia has had an average annual inflation rate of 3.75%. In 2025, inflation was 3.6%. The bar chart below shows consumer price inflation by year.
| Year | Inflation |
|---|---|
| 2013 | 2.8% |
| 2014 | 1.3% |
| 2015 | 0.9% |
| 2016 | 0% |
| 2017 | 4% |
| 2018 | 4.3% |
| 2019 | 4.7% |
| 2020 | 4.1% |
| 2021 | 4.6% |
| 2022 | 6.8% |
| 2023 | 6.2% |
| 2024 | 5.5% |
| 2025 | 3.6% |
Balance of trade
|
Somalia
|
Rank | |
|---|---|---|
| Imports of goods and services, % of GDP |
74.3%
2024 |
25/180 |
| Exports of goods and services, % of GDP |
20%
2024 |
149/193 |
Somalia's top 10 trading partners
Somalia's biggest trading partner accounting for 29.2%% of all exports and imports is the United Arab Emirates, with a trade balance between the two of -$1.17B — Somalia exports $360M worth of goods and services to the United Arab Emirates and imports $1.53B.
Below is the list of the top 10 trade partners of Somalia.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
UAE
|
$1.88B | 29.2% | $360M | $1.53B | Precious metals & jewellery | Machinery & equipment |
| 2 |
China
|
$972M | 15% | $3.12M | $969M | Raw agricultural goods | Textiles & consumer goods |
| 3 |
India
|
$848M | 13.1% | $30.9M | $817M | Metals | Processed food, beverages & tobacco |
| 4 |
Oman
|
$437M | 6.76% | $180M | $257M | Animal & marine products | Raw materials & minerals |
| 5 |
Saudi Arabia
|
$384M | 5.95% | $352M | $32.1M | Animal & marine products | Processed food, beverages & tobacco |
| 6 |
Turkey
|
$384M | 5.94% | $21.2M | $363M | Machinery & equipment | Processed food, beverages & tobacco |
| 7 |
Brazil
|
$154M | 2.38% | $10K | $154M | Animal & marine products | Processed food, beverages & tobacco |
| 8 |
Ethiopia
|
$143M | 2.21% | $1.08M | $142M | Raw agricultural goods | Raw agricultural goods |
| 9 |
Djibouti
|
$138M | 2.14% | $84.2M | $54M | Wood & paper products | Machinery & equipment |
| 10 |
Kenya
|
$134M | 2.07% | $4.22M | $130M | Machinery & equipment | Processed food, beverages & tobacco |
Somalia's top 10 exports
|
Somalia
|
Rank | |
|---|---|---|
| Animal & marine products | $367M | 79/192 |
| Raw agricultural goods | $43.4M | 133/193 |
| Machinery & equipment | $25.4M | 155/193 |
| Metals | $18M | 149/192 |
| Wood & paper products | $5.51M | 145/192 |
| Processed food, beverages & tobacco | $2.87M | 175/192 |
| Raw materials & minerals | $1.42M | 176/193 |
| Chemicals & pharma | $980K | 173/193 |
| Precious metals & jewellery | $927K | 155/190 |
| Textiles & consumer goods | $772K | 172/193 |
Somalia's top 10 imports
|
Somalia
|
Rank | |
|---|---|---|
| Processed food, beverages & tobacco | $868M | 108/193 |
| Textiles & consumer goods | $606M | 114/193 |
| Machinery & equipment | $484M | 155/193 |
| Raw agricultural goods | $471M | 110/193 |
| Chemicals & pharma | $315M | 146/193 |
| Metals | $187M | 145/193 |
| Wood & paper products | $99.6M | 137/193 |
| Raw materials & minerals | $80.8M | 176/193 |
| Animal & marine products | $73.5M | 147/193 |
| Miscellaneous | $44.7M | 111/193 |
Economic freedom indices
|
Somalia
|
Rank | |
|---|---|---|
| Economic freedom | 29 | 193/197 |
| Property rights | 0 | 182/182 |
| Government integrity | 8.2 | 182/182 |
| Judicial effectiveness | 1.6 | 182/182 |
| Tax burden | 100 | 1/181 |
| Fiscal health | 0 | 178/181 |
| Business freedom | 26.1 | 181/182 |
| Labor freedom | 26.5 | 179/182 |
More economic indicators
|
Somalia
|
Rank | |
|---|---|---|
| Industry, % of GDP |
9.66%
1986 |
184/194 |
| Agriculture, forestry, and fishing, % of GDP |
55.8%
1990 |
1/193 |
GNI, Atlas method
|
$11.5B
2024 |
149/194 |
| GNI per capita, PPP |
$1,590
2024 |
187/191 |
| Total reserves including gold |
$23.1M
1989 |
177/177 |
|
Net inflows of foreign direct investment
|
$765M
2024 |
103/193 |
|
Servicing debt to the IMF, % of GNI
|
3.32%
2023 |
72/119 |
| Poverty at national poverty lines |
55.4%
2022 |
16/176 |
|
Gross capital formation, % of GDP
|
22.7%
2024 |
94/176 |
Compare countries by 7 more topics
GDP per capita map
GDP per capita
Relevant pages:
Somalia topic pages:
Economy comparisons
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.
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.
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.