Somalia Economic Growth 1960-2021

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
  • Somalia economic growth for 2020 was $4.92B, a 0.5% decline from 2019.
  • Somalia economic growth for 2019 was $4.94B, a 4.69% increase from 2018.
  • Somalia economic growth for 2018 was $4.72B, a 4.7% increase from 2017.
  • Somalia economic growth for 2017 was $4.51B, a 7.39% increase from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
Ethiopia $107.65B
Tanzania $62.41B
Congo, Dem. Rep. $49.87B
Uganda $37.37B
Nepal $33.66B
Senegal $24.91B
Afghanistan $19.81B
Mali $17.39B
Burkina Faso $17.37B
Zimbabwe $16.77B
Guinea $15.68B
Benin $15.65B
Mozambique $14.02B
Madagascar $13.72B
Niger $13.68B
Haiti $13.42B
Malawi $11.96B
Rwanda $10.33B
Chad $10.09B
Tajikistan $8.19B
Togo $7.57B
Somalia $4.92B
Sierra Leone $3.87B
Burundi $3.26B
Liberia $2.95B
Central African Republic $2.30B
Gambia $1.90B
Guinea-Bissau $1.43B
Comoros $1.22B
Somalia Economic Growth - Historical Data
Year GDP Per Capita Growth Rate
2020 $4.92B $309 -1.50%
2019 $4.94B $320 2.90%
2018 $4.72B $315 2.79%
2017 $4.51B $309 1.39%
2016 $4.20B $296 2.89%
2015 $4.05B $293 3.46%
2014 $3.96B $295 2.36%
2013 $3.89B $298 %
1990 $0.92B $127 -1.48%
1989 $1.09B $153 -0.18%
1988 $1.04B $148 -0.55%
1987 $1.01B $147 5.10%
1986 $0.93B $138 3.35%
1985 $0.88B $132 8.15%
1984 $0.79B $119 3.55%
1983 $0.73B $111 -8.75%
1982 $0.77B $117 4.07%
1981 $0.70B $107 5.66%
1980 $0.60B $96 -3.90%
1979 $0.59B $100 -2.71%
1978 $0.56B $105 3.73%
1977 $0.50B $104 23.31%
1976 $0.81B $189 -1.02%
1975 $0.71B $183 30.07%
1974 $0.47B $129 -18.27%
1973 $0.51B $144 -1.95%
1972 $0.42B $120 10.10%
1971 $0.33B $95 2.63%
1970 $0.32B $94 4.58%
1969 $0.31B $90 -1.70%
1968 $0.29B $87 2.03%
1967 $0.27B $84 5.94%
1966 $0.26B $82 9.10%
1965 $0.24B $79 -5.94%
1964 $0.23B $76 -6.11%
1963 $0.22B $74 2.81%
1962 $0.20B $71 7.08%
1961 $0.19B $68 -3.26%
1960 $0.18B $65 %