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

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Annual Growth Rate (%) 2.90 -4 -4 -4 -4 -2
Inflation Rate (%) 3.10 4.5 5.7 6 5.3 5.7
Balance of Trade (USD Million) -2852.50 -2202 -2278 -2278 -2240 -2278

GDP Actual Q1 Q2 Q3 Q4 2021
GDP Annual Growth Rate (%) 2.90 -4 -4 -4 -4 -2
GDP (USD Billion) 7.70 7.11 7.11 7.11 7.11 6.17

Labour Actual Q1 Q2 Q3 Q4 2021
Population (Million) 15.30 15.7 15.7 15.7 15.85 16.27

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 3.10 4.5 5.7 6 5.3 5.7
Inflation Rate Mom (%) 0.90 1.4 1.8 2 2 2.5
Food Inflation (%) 6.40 7 7.6 8.4 9 8

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (USD Million) -2852.50 -2202 -2278 -2278 -2240 -2278
Exports (USD Million) 345.20 109 54.37 54.37 54.37 54.37
Imports (USD Million) 3197.73 2311 2332 2332 2332 2332

Taxes Actual Q1 Q2 Q3 Q4 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.