GDP growth in Somalia
Somalia: GDP growth was 4.0% in 2024. β Volatile
GDP growth in Somalia, 1970β2024
Source: UNESCO Institute for Statistics. Measured in annual %.
Analysis
In 2024, gdp growth in Somalia stood at 4.0%.
Compared with earlier readings it is down 5.8% on the previous year and down 55.8% over ten years.
Over the whole period, gdp growth in Somalia peaked at 14.9% in 1972 and was at its lowest, -17.8%, in 1994.
That places Somalia 73rd out of 209 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
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.8% | -12.1% | 14.9% | 10 |
| 1980s | 2.7% | -11.6% | 10.1% | 10 |
| 1990s | 1.0% | -17.8% | 8.0% | 10 |
| 2000s | 7.0% | 6.5% | 7.6% | 10 |
| 2010s | 7.7% | 2.1% | 14.7% | 10 |
| 2020s | 2.3% | -2.8% | 4.2% | 5 |
Countries ranked near Somalia
More population data for Somalia
- Population growth rate by level of development 0.424 (2100)
- Projected population under age 5 5.14 million (2100)
- Population density 107.38 (2100)
- Population growth rate 0.424 (2100)
- Fertility and wanted fertility 6.01 (2024)
- Refugee population by country or territory of asylum 19,503 (2024)
- Fertility vs unmet contraception 6.01 (2024)
- Fertility vs contraception 6.01 (2024)
- Natural population growth 3.31 (2023)
- Fertility rate with projections 6.13 (2023)
Frequently asked questions
- What is gdp growth in Somalia?
- Gdp growth in Somalia was 4.0% in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp growth recorded in Somalia?
- The highest recorded value was 14.9% in 1972.
- What is the lowest gdp growth recorded in Somalia?
- The lowest recorded value was -17.8% in 1994.
- How does Somalia rank for gdp growth?
- Somalia ranks 73rd out of 209 countries with data for 2024.
- Is gdp growth rising or falling in Somalia?
- Over the last ten years it is down 55.8%. 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 growth (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release