Markets Actual Q4 Q1 Q2 Q3 2021
Currency 575.00 575 575 575 575 575

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 2.90 -3 2.7 2.7 2.7 2.7
Inflation Rate (%) 3.80 4 4.2 4.4 4.2 4.2
Balance of Trade (USD Million) -1942.90 -2278 -2278 -2278 -2278 -2278

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 2.90 -3 2.7 2.7 2.7 2.7
GDP (USD Billion) 7.70 6 7.3 7.3 7.3 7.3

Labour Actual Q4 Q1 Q2 Q3 2021
Population (Million) 15.30 15.85 16.2 16.2 16.2 16.27

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 3.80 4 4.2 4.4 4.2 4.2
Inflation Rate Mom (%) -0.02 -1.2 0.8 1 1.3 1.4
Food Inflation (%) -3.60 -2 1.6 2.5 3.3 3

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) -1942.90 -2278 -2278 -2278 -2278 -2278
Exports (USD Million) 195.42 54.37 54.37 54.37 54.37 54.37
Imports (USD Million) 2138.32 2332 2332 2332 2332 2332

Taxes Actual Q4 Q1 Q2 Q3 2021
Sales Tax Rate (%) 10.00 10 10 10 10 10


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.