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Somalia GDP and Economic Data

Country Report 2015 - Includes Somalia real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Somalia economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Somalia best banks and safest banks are also available.

 
 
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Central bank

N/A

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International Reserves

N/A

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Gross Domestic Product - GDP

N/A

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GDP (Purchasing Power Parity)

N/A

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Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
N/A N/A N/A N/A N/A N/A N/A N/A
2011 2012 2013 2014        
N/A N/A N/A N/A        

 

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GDP per capita - current prices

N/A

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GDP per capita - PPP

N/A

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GDP (PPP) - share of world total
1980 1990 2000 2010 2015
N/A N/A N/A N/A N/A
Source
 
 
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GDP - composition by sector
  • agriculture: 59.3% 
  • industry: 7.2% 
  • services: 33.5% (2012 estimate)
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Gross domestic expenditure on R&D; (% of GDP)

N/A

 

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Inflation
2011 2012 2013 2014
N/A N/A N/A N/A

 

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Unemployment rate
2011 2012 2013 2014
N/A N/A N/A N/A

 

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Household saving rates

N/A

 

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Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014
N/A N/A N/A N/A N/A

 

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Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014
N/A N/A N/A N/A N/A

 

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Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

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Market value of publicly traded shares
2010 2011 2012
N/A N/A N/A
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Largest companies in Somalia

N/A

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Current account balance

N/A

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Current account balance by percentage of GDP

N/A

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Exports as percent of GDP(Exports of goods and services)

N/A

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Shares in world total merchandising export

N/A

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Shares in world total commercial services export

N/A

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Total exports

US$515.8 million (2012 estimate) 

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Export commodities

livestock, bananas, hides, fish, charcoal, scrap metal

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Total imports

US$1.263 billion (2010 estimate) 

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Import commodities

manufactures, petroleum products, foodstuffs, construction materials, qat

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Exports - major partners

UAE 51.7%, Yemen 18.1%, Oman 13% (2012)

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Imports - major partners

Djibouti 27.3%, India 13.2%, Kenya 7.1%, China 6.7%, Pakistan 6.4%, Oman 5.1%, UAE 5%, Yemen 4.4% (2012)

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FDI inflows
2011 2012 2013
US$102 million US$107 million US$107 million
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FDI outflows
2011 2012 2013  
N/A N/A N/A  
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Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
N/A N/A N/A N/A
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Cross-border M&A; deals worth over $3 billion completed in 2012(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

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Cross-border M&A; deals worth over $3 billion completed in 2013(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

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Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: N/A

Subcategories:

Starting a business: N/A(2009)

Enforcing Contracts: N/A

Registering Property: N/A

Getting credit: N/A

Protecting investors: N/A

Trading across border: N/A

Paying Taxes: N/A

Dealing with Construction Permits: N/A

Getting Electricity: N/A

Resolving Insolvency: N/A

 

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Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

N/A

 

 

 

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Index of Economic FreedomWSJ and Heritage Foundation

N/A

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Time zone

UTC+3

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Total area

637,657 sq km

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Capital

Mogadishu

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Currency

Somali shillings (SOS)

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Government type

in the process of building a federal parliamentary republic

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Languages

Somali (official), Arabic (official, according to the Transitional Federal Charter), Italian, English

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Religions

Sunni Muslim (Islam) (official, according to the Transitional Federal Charter)

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Total population
1980 1990 2000 2014* 2019
N/A N/A N/A

10,428,043

 N/A

*Estimate   

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Urban population as % of total population
1960 1980 2000 2013
17.3% 27% 33% 39%
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Population median age

17.7 years (2014 est.)

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Population growth rate

1.75% (2014 est.)

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Life expectancy

51.58 year (2014 est.)

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Adult literacy

37.8% (2001 est.)

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% of population living on less than $2 a day

N/A

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Inequality of wealth distribution (Gini index)

N/A

 

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Freedom House rating

Political Rights: 7
Civil Liberties: 7 (2014)

(1 represents the most free, 7 the least free)

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Total telephone subscribers as % of population

Fixed 0.6%  Mobile  49.4%
(2013)

(fixed-telephone subscribers and mobile-cellular subscribers)

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Internet users as % of total population

1.5% (2013)
 

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Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

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CO2 emissions(Metric tons of CO2 per capita)

0.01 (2010)
 

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