GDP at market prices (constant 2010 US$) in Somalia
Somalia: GDP at market prices (constant 2010 US$) was 8.88 billion constant 2010 US$ in 2024. ◆ Volatile
Latest (2024)
8.88 billion constant 2010 US$
Change on year
up 4.0%
World rank
152nd
of 208 countries
All-time high
8.88 billion constant 2010 US$
in 2024
All-time low
1.05 billion constant 2010 US$
in 1970
Years of data
55
1970–2024
GDP at market prices in Somalia, 1970–2024
Source: UNESCO Institute for Statistics. Measured in constant 2010 US$.
Analysis
Somalia recorded 8.88 billion constant 2010 US$ for gdp at market prices in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 4.0% on the previous year and up 59.4% over ten years.
Over the whole period, gdp at market prices in Somalia peaked at 8.88 billion constant 2010 US$ in 2024 and was at its lowest, 1.05 billion constant 2010 US$, in 1970.
Somalia ranks 152nd of 208 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP at market prices (constant 2010 US$) in Somalia, year by year
| Year | constant 2010 US$ | Change |
|---|---|---|
| 1970 | 1.05 billion constant 2010 US$ | — |
| 1971 | 1.07 billion constant 2010 US$ | +2.1% |
| 1972 | 1.23 billion constant 2010 US$ | +14.9% |
| 1973 | 1.08 billion constant 2010 US$ | -12.1% |
| 1974 | 1.09 billion constant 2010 US$ | +0.8% |
| 1975 | 1.25 billion constant 2010 US$ | +14.7% |
| 1976 | 1.22 billion constant 2010 US$ | -1.8% |
| 1977 | 1.39 billion constant 2010 US$ | +13.6% |
| 1978 | 1.47 billion constant 2010 US$ | +5.8% |
| 1979 | 1.40 billion constant 2010 US$ | -5.0% |
| 1980 | 1.42 billion constant 2010 US$ | +1.8% |
| 1981 | 1.51 billion constant 2010 US$ | +6.3% |
| 1982 | 1.55 billion constant 2010 US$ | +2.8% |
| 1983 | 1.37 billion constant 2010 US$ | -11.6% |
| 1984 | 1.42 billion constant 2010 US$ | +3.3% |
| 1985 | 1.55 billion constant 2010 US$ | +9.5% |
| 1986 | 1.52 billion constant 2010 US$ | -2.1% |
| 1987 | 1.67 billion constant 2010 US$ | +10.1% |
| 1988 | 1.73 billion constant 2010 US$ | +3.4% |
| 1989 | 1.80 billion constant 2010 US$ | +3.8% |
| 1990 | 1.84 billion constant 2010 US$ | +2.3% |
| 1991 | 1.89 billion constant 2010 US$ | +3.0% |
| 1992 | 1.73 billion constant 2010 US$ | -8.5% |
| 1993 | 1.80 billion constant 2010 US$ | +4.0% |
| 1994 | 1.48 billion constant 2010 US$ | -17.8% |
| 1995 | 1.54 billion constant 2010 US$ | +4.0% |
| 1996 | 1.66 billion constant 2010 US$ | +8.0% |
| 1997 | 1.68 billion constant 2010 US$ | +1.2% |
| 1998 | 1.79 billion constant 2010 US$ | +6.6% |
| 1999 | 1.92 billion constant 2010 US$ | +7.3% |
| 2000 | 2.06 billion constant 2010 US$ | +7.1% |
| 2001 | 2.21 billion constant 2010 US$ | +7.1% |
| 2002 | 2.37 billion constant 2010 US$ | +7.6% |
| 2003 | 2.56 billion constant 2010 US$ | +7.6% |
| 2004 | 2.74 billion constant 2010 US$ | +7.1% |
| 2005 | 2.93 billion constant 2010 US$ | +7.1% |
| 2006 | 3.12 billion constant 2010 US$ | +6.5% |
| 2007 | 3.33 billion constant 2010 US$ | +6.7% |
| 2008 | 3.55 billion constant 2010 US$ | +6.7% |
| 2009 | 3.79 billion constant 2010 US$ | +6.7% |
| 2010 | 4.05 billion constant 2010 US$ | +6.7% |
| 2011 | 4.32 billion constant 2010 US$ | +6.7% |
| 2012 | 4.61 billion constant 2010 US$ | +6.7% |
| 2013 | 5.11 billion constant 2010 US$ | +11.0% |
| 2014 | 5.57 billion constant 2010 US$ | +9.0% |
| 2015 | 6.15 billion constant 2010 US$ | +10.5% |
| 2016 | 6.58 billion constant 2010 US$ | +7.0% |
| 2017 | 7.56 billion constant 2010 US$ | +14.7% |
| 2018 | 7.71 billion constant 2010 US$ | +2.1% |
| 2019 | 7.93 billion constant 2010 US$ | +2.8% |
| 2020 | 7.71 billion constant 2010 US$ | -2.8% |
| 2021 | 7.98 billion constant 2010 US$ | +3.5% |
| 2022 | 8.19 billion constant 2010 US$ | +2.7% |
| 2023 | 8.54 billion constant 2010 US$ | +4.2% |
| 2024 | 8.88 billion constant 2010 US$ | +4.0% |
Somalia compared with similar countries
- Somalia's 8.88 billion constant 2010 US$ is below the median for low income countries, which is 15.47 billion constant 2010 US$, 57% of the median. (24 countries reporting)
- Somalia's 8.88 billion constant 2010 US$ is below the median for Sub-Saharan Africa, which is 15.37 billion constant 2010 US$, 58% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.22 billion constant 2010 US$ | 1.05 billion constant 2010 US$ | 1.47 billion constant 2010 US$ | 10 |
| 1980s | 1.55 billion constant 2010 US$ | 1.37 billion constant 2010 US$ | 1.80 billion constant 2010 US$ | 10 |
| 1990s | 1.73 billion constant 2010 US$ | 1.48 billion constant 2010 US$ | 1.92 billion constant 2010 US$ | 10 |
| 2000s | 2.87 billion constant 2010 US$ | 2.06 billion constant 2010 US$ | 3.79 billion constant 2010 US$ | 10 |
| 2010s | 5.96 billion constant 2010 US$ | 4.05 billion constant 2010 US$ | 7.93 billion constant 2010 US$ | 10 |
| 2020s | 8.26 billion constant 2010 US$ | 7.71 billion constant 2010 US$ | 8.88 billion constant 2010 US$ | 5 |
Countries ranked near Somalia
- 149 Sierra Leone 9.80 billion constant 2010 US$ compare
- 150 Equatorial Guinea 9.54 billion constant 2010 US$ compare
- 151 Moldova 9.25 billion constant 2010 US$ compare
- 153 Togo 8.79 billion constant 2010 US$ compare
- 154 Monaco 8.75 billion constant 2010 US$ compare
- 155 Mauritania 8.61 billion constant 2010 US$ compare
More population data for Somalia
- Population regions with projections, annual growth rate 0.4652 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate 1.96 % change on previous year (2050)
- Population long run with projections, annual growth rate 0.4652 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate 0.4952 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 36,463 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 2.89 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.3207 % change on previous year (2100)
- Population growth rate 0.424 (2100)
- Population density 107.38 (2100)
- Projected population under age 5 5.14 million (2100)
Frequently asked questions
- What is gdp at market prices in Somalia?
- Gdp at market prices in Somalia was 8.88 billion constant 2010 US$ in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp at market prices recorded in Somalia?
- The highest recorded value was 8.88 billion constant 2010 US$ in 2024.
- What is the lowest gdp at market prices recorded in Somalia?
- The lowest recorded value was 1.05 billion constant 2010 US$ in 1970.
- How does Somalia rank for gdp at market prices?
- Somalia ranks 152nd out of 208 countries with data for 2024.
- Is gdp at market prices rising or falling in Somalia?
- Over the last ten years it is up 59.4%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP at market prices (constant 2010 US$). Statizoid updates them automatically from the source API.
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About this data
February 2026 Data Release