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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 575.00
615 658 703 752 984
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 3.70
percent
2 2 2 2.3 4.16
GDP 6.22
USD Billion
5.9 6 6.1 7.57 9.88
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Population 14.32
Million
14.39 14.49 14.59 14.68 15.74
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate -3.60
percent
2 2 2 2 4.5
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -1409.85
USD Million
-1466 -1377 -1289 -1200 -874
Exports 568.10
USD Million
606 571 535 500 206
Imports 1977.92
USD Million
2046 1918 1790 1662 1009
Terrorism Index 7.65
7.43 7.42 7.41 7.4 6.45
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Internet Speed 2433.71
KBps
2287 2293 2262 2221 2017
IP Addresses 1487.00
IP
1433 1423 1402 1383 1241
Ease of Doing Business 190.00
190 190 190 190 190
Corruption Index 10.00
Points
10 10 11 12 16
Corruption Rank 176.00
169 172 175 179 172
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Sales Tax Rate 10.00
percent
10 10 10 10 10
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 7.17
mm
6.51 41.4 12.26 30.05 23.05
Temperature 26.12
celsius
26.26 28.05 27.5 25.94 27.54