GDP (current US$) (UNESCO Institute) in Somalia
Somalia: GDP (current US$) (UNESCO Institute) was 12.11 billion current US$ in 2024. ◆ Volatile
Latest (2024)
12.11 billion current US$
Change on year
up 10.4%
World rank
150th
of 211 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
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$, in 1971.
That places Somalia 150th out of 211 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current US$) (UNESCO Institute) in Somalia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 347.99 million current US$ | — |
| 1971 | 347.04 million current US$ | -0.3% |
| 1972 | 447.88 million current US$ | +29.1% |
| 1973 | 483.70 million current US$ | +8.0% |
| 1974 | 572.50 million current US$ | +18.4% |
| 1975 | 757.02 million current US$ | +32.2% |
| 1976 | 871.34 million current US$ | +15.1% |
| 1977 | 498.55 million current US$ | -42.8% |
| 1978 | 564.57 million current US$ | +13.2% |
| 1979 | 589.57 million current US$ | +4.4% |
| 1980 | 602.52 million current US$ | +2.2% |
| 1981 | 699.30 million current US$ | +16.1% |
| 1982 | 774.58 million current US$ | +10.8% |
| 1983 | 735.41 million current US$ | -5.1% |
| 1984 | 787.43 million current US$ | +7.1% |
| 1985 | 875.70 million current US$ | +11.2% |
| 1986 | 916.59 million current US$ | +4.7% |
| 1987 | 1.02 billion current US$ | +11.2% |
| 1988 | 1.05 billion current US$ | +3.2% |
| 1989 | 1.18 billion current US$ | +12.3% |
| 1990 | 1.03 billion current US$ | -12.7% |
| 1991 | 717.98 million current US$ | -30.4% |
| 1992 | 709.30 million current US$ | -1.2% |
| 1993 | 1.26 billion current US$ | +77.7% |
| 1994 | 1.48 billion current US$ | +17.5% |
| 1995 | 1.53 billion current US$ | +3.6% |
| 1996 | 1.79 billion current US$ | +16.8% |
| 1997 | 2.19 billion current US$ | +22.3% |
| 1998 | 2.96 billion current US$ | +35.1% |
| 1999 | 3.05 billion current US$ | +2.8% |
| 2000 | 3.41 billion current US$ | +12.1% |
| 2001 | 2.25 billion current US$ | -34.0% |
| 2002 | 2.19 billion current US$ | -2.7% |
| 2003 | 2.84 billion current US$ | +29.4% |
| 2004 | 3.86 billion current US$ | +36.1% |
| 2005 | 4.68 billion current US$ | +21.3% |
| 2006 | 5.03 billion current US$ | +7.3% |
| 2007 | 5.43 billion current US$ | +8.0% |
| 2008 | 5.91 billion current US$ | +8.9% |
| 2009 | 2.95 billion current US$ | -50.1% |
| 2010 | 2.69 billion current US$ | -8.8% |
| 2011 | 2.91 billion current US$ | +8.1% |
| 2012 | 4.36 billion current US$ | +50.2% |
| 2013 | 5.06 billion current US$ | +16.0% |
| 2014 | 5.73 billion current US$ | +13.1% |
| 2015 | 6.15 billion current US$ | +7.4% |
| 2016 | 6.61 billion current US$ | +7.5% |
| 2017 | 7.62 billion current US$ | +15.2% |
| 2018 | 7.87 billion current US$ | +3.3% |
| 2019 | 8.66 billion current US$ | +9.9% |
| 2020 | 8.63 billion current US$ | -0.3% |
| 2021 | 9.48 billion current US$ | +9.9% |
| 2022 | 10.20 billion current US$ | +7.6% |
| 2023 | 10.97 billion current US$ | +7.5% |
| 2024 | 12.11 billion current US$ | +10.4% |
Somalia compared with similar countries
- Somalia's 12.11 billion current US$ is below the median for low income countries, which is 17.29 billion current US$, 70% of the median. (24 countries reporting)
- Somalia's 12.11 billion current US$ is below the median for Sub-Saharan Africa, which is 18.41 billion current US$, 66% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where GDP (current US$) (UNESCO Institute) in Somalia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | +77.7% | 709.30 million current US$ | 1.26 billion current US$ |
| 2009 | -50.1% | 5.91 billion current US$ | 2.95 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | 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
- 147 Palestine 13.71 billion current US$ compare
- 148 Namibia 13.37 billion current US$ compare
- 149 Equatorial Guinea 12.77 billion current US$ compare
- 151 South Sudan 12.00 billion current US$ compare
- 152 Malawi 11.01 billion current US$ compare
- 153 Mauritania 10.77 billion current 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 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 150th out of 211 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.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release