GDP in Somalia

Somalia: GDP was 12.11 billion current US$ in 2024. β—† Volatile

Latest (2024)
12.11 billion current US$
Change on year
up 10.4%
World rank
149th
of 208 countries
All-time high
12.11 billion current US$
in 2024
All-time low
347.04 million current US$
in 1971
Years of data
55
1970–2024

GDP in Somalia, 1970–2024

02.5B5.0B7.5B10.0B12.5B197019972024

Source: UNESCO Institute for Statistics. Measured in current US$.

Analysis

Somalia recorded 12.11 billion current US$ for gdp in 2024. That is the highest value across all 55 years on record.

That represents a change of up 10.4% on the previous year and up 111.4% over ten years.

Over the whole period, gdp in Somalia peaked at 12.11 billion current US$ in 2024 and was at its lowest, 347.04 million current US$, in 1971.

That places Somalia 149th out of 208 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.

Averages by decade

DecadeAverage LowestHighest Years
1970s 548.02 million current US$ 347.04 million current US$ 871.34 million current US$ 10
1980s 864.35 million current US$ 602.52 million current US$ 1.18 billion current US$ 10
1990s 1.67 billion current US$ 709.30 million current US$ 3.05 billion current US$ 10
2000s 3.86 billion current US$ 2.19 billion current US$ 5.91 billion current US$ 10
2010s 5.77 billion current US$ 2.69 billion current US$ 8.66 billion current US$ 10
2020s 10.28 billion current US$ 8.63 billion current US$ 12.11 billion current US$ 5

Countries ranked near Somalia

  1. 146 Palestine 13.71 billion current US$ compare
  2. 147 Namibia 13.37 billion current US$ compare
  3. 148 Equatorial Guinea 12.77 billion current US$ compare
  4. 150 South Sudan 12.00 billion current US$ compare
  5. 151 Malawi 11.01 billion current US$ compare
  6. 152 Mauritania 10.77 billion current US$ compare

See the full ranking of 211 places β†’

More population data for Somalia

All data for Somalia β†’

Frequently asked questions

What is gdp in Somalia?
Gdp in Somalia was 12.11 billion current US$ in 2024, according to UNESCO Institute for Statistics.
What is the highest gdp recorded in Somalia?
The highest recorded value was 12.11 billion current US$ in 2024.
What is the lowest gdp recorded in Somalia?
The lowest recorded value was 347.04 million current US$ in 1971.
How does Somalia rank for gdp?
Somalia ranks 149th out of 208 countries with data for 2024.
Is gdp rising or falling in Somalia?
Over the last ten years it is up 111.4%. 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 (current US$). Statizoid updates them automatically from the source API.

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GDP in Somalia. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 16 August 2026, from https://population.statizoid.com/stat/gdp-current-us-2/somalia-fed-rep/

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About this data

Indicator
GDP (current US$)
Unit
current US$
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
211 places, 10,315 data points, 1970–2024
Last refreshed

February 2026 Data Release