The Gross Domestic Product (GDP) in Somalia was worth 4.92 billion US dollars in 2020, according to official data from the World Bank. The GDP value of Somalia represents less than 0.01 percent of the world economy. source: World Bank

GDP in Somalia averaged 1.43 USD Billion from 1960 until 2020, reaching an all time high of 4.94 USD Billion in 2019 and a record low of 0.18 USD Billion in 1960. This page provides - Somalia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Somalia GDP - values, historical data and charts - was last updated on September of 2021.

GDP in Somalia is expected to reach 7.30 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Somalia GDP is projected to trend around 7.60 USD Billion in 2022, according to our econometric models.

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Somalia GDP

Actual Previous Highest Lowest Dates Unit Frequency
4.92 4.94 4.94 0.18 1960 - 2020 USD Billion Yearly
Current USD

Somalia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -1.50 2.90 14.88 -21.00 percent [+]
GDP 4.92 4.94 4.94 0.18 USD Billion [+]


Somalia GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
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