Markets Actual Q2 Q3 Q4 Q1 2022
Currency 575.00 575 575 575 575 575

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -1.50 2.7 2.7 2.7 3.2 3.2
Inflation Rate (%) 5.08 4.4 4.2 4.2 4.3 3.7
Balance of Trade (USD Million) -3190.50 -2278 -2278 -2247 -2247 -2278

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -1.50 2.7 2.7 2.7 3.2 3.2
GDP (USD Billion) 7.70 7.3 7.3 7.3 7.3 7.6

Labour Actual Q2 Q3 Q4 Q1 2022
Population (Million) 15.89 16.2 16.2 16.27 16.27 16.69

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 5.08 4.4 4.2 4.2 4.3 3.7
Inflation Rate Mom (%) 2.17 1 1.3 1.4 1.4 1.7
Food Inflation (%) -0.30 2.1 2.5 3 3.3 4

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) -3190.50 -2278 -2278 -2247 -2247 -2278
Exports (USD Million) 416.50 54.37 54.37 54.37 54.37 54.37
Imports (USD Million) 3607.02 2332 2332 2332 2332 2332

Taxes Actual Q2 Q3 Q4 Q1 2022
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.