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

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 2.90 -4 -4 2.8 2.8 2.8
Inflation Rate (%) 4.30 5 5.3 4.5 4.9 5.7
Balance of Trade (USD Million) -1942.90 -2278 -2278 -2278 -2278 -2278

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 2.90 -4 -4 2.8 2.8 2.8
GDP (USD Billion) 7.70 6 6 7.3 7.3 7.3

Labour Actual Q3 Q4 Q1 Q2 2021
Population (Million) 15.30 15.7 15.85 16.2 16.2 16.27

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 4.30 5 5.3 4.5 4.9 5.7
Inflation Rate Mom (%) 1.60 2 2 0.8 1 1.5
Food Inflation (%) 5.50 6 7 7.5 8 8

Trade Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 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.