The Gross Domestic Product (GDP) in Somalia expanded 2.90 percent in 2019 from the previous year.
GDP Annual Growth Rate in Somalia averaged 1.62 percent from 1961 until 2019, reaching an all time high of 14.88 percent in 1972 and a record low of -21 percent in 1994. This page provides - Somalia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Somalia GDP Annual Growth Rate - values, historical data and charts - was last updated on July of 2020.
GDP Annual Growth Rate in Somalia is expected to reach -4.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Somalia GDP Annual Growth Rate is projected to trend around 2.80 percent in 2021 and 3.30 percent in 2022, according to our econometric models.