The Gross Domestic Product (GDP) in Somalia was worth 7.70 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Somalia represents 0.01 percent of the world economy.

GDP in Somalia averaged 1.69 USD Billion from 1960 until 2019, reaching an all time high of 7.70 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 October of 2020. source: World Bank

GDP in Somalia is expected to reach 6.00 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Somalia GDP is projected to trend around 7.30 USD Billion in 2021 and 7.60 USD Billion in 2022, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Somalia GDP

Actual Previous Highest Lowest Dates Unit Frequency
7.70 7.48 7.70 0.18 1960 - 2019 USD Billion Yearly
Current USD

Somalia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 2.90 2.80 14.88 -21.00 percent [+]
GDP 7.70 7.48 7.70 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.
Compare GDP by Country