Somalia | Economic Forecasts | 2017-2020 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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 557.00 553 548 542 537 475 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 2.70 1.9 1.9 1.9 1.9 4.16 percent [+]
GDP 6.22 6.8 6.17 6.15 6.12 9.88 USD Billion [+]
GDP per capita 187.00 182 184 185 187 225 USD [+]
GDP Per Capita Ppp 547.32 546 546 547 547 547 USD [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Population 14.32 14.68 14.78 14.88 14.97 15.74 Million [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate -3.50 -1 8.2 9.3 10.4 1.5 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -1409.85 -1200 -1166 -1133 -1099 -874 USD Million [+]
Exports 568.10 500 475 450 425 206 USD Million [+]
Imports 1977.92 1662 1598 1534 1469 1009 USD Million [+]
Terrorism Index 7.55 7.4 7.32 7.24 7.15 6.01 [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corruption Index 10.00 12 12 13 13 16 Points [+]
Corruption Rank 176.00 179 178 177 176 172 [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Sales Tax Rate 10.00 10 10 10 10 10 percent [+]