Somalia - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Somalia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Somalia economy.


MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 575.00
575 575 575 575 575
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 2.40
percent
2.4 2.4 2.3 2.97 4.16
GDP 6.22
USD Billion
6.25 6.37 7.57 8.97 9.88
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Population 14.32
Million
14.46 14.58 14.7 14.8 16.09
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate -3.60
percent
2 2 2 3.5 4.5
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -1409.85
USD Million
-1429 -1401 -1430 -1389 -1554
Exports 568.10
USD Million
562 518 475 463 393
Imports 1977.92
USD Million
1990 1920 1849 1852 1947
Terrorism Index 7.65
7.6 7.53 7.45 7.46 7.39
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Internet Speed 2433.71
KBps
2293 2262 2221 2201 1925
IP Addresses 1487.00
IP
1542 1558 1570 1587 1654
Ease of Doing Business 190.00
190 190 190 190 190
Corruption Index 9.00
Points
9 9 9 9 9
Corruption Rank 180.00
180 180 180 180 180
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Sales Tax Rate 10.00
percent
10 10 10 10 10
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 7.17
mm
41.4 12.26 30.05 6.52 23.05
Temperature 26.12
celsius
28.05 27.5 25.94 26.31 27.54