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Somalia GDP and Economic Data

Country Report 2017 - 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.

 
 
Source
Central bank

N/A

Source
International Reserves

N/A

Source
Gross Domestic Product - GDP

N/A

Source
GDP (Purchasing Power Parity)

N/A

Source
Real GDP growth
2006 2007 2008 2009 2010 2011 2012
N/A N/A N/A N/A N/A N/A N/A
2013 2014 2015 2016 2017    
N/A N/A N/A N/A N/A    

 

Source
GDP per capita - current prices

N/A

Source
GDP per capita - PPP

N/A

Source
GDP (PPP) - share of world total
1980 1990 2000 2010 2017
N/A N/A N/A N/A N/A
Source
 
 
Source
GDP - composition by sector
  • agriculture: 60.2% 
  • industry: 7.4% 
  • services: 32.5%

(2013 estimate)

Source
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Source
Inflation
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

 

Source
Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

 

Source
Household saving rates

N/A

 

Source
Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

 

Source
Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

 

Source
Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

Source
Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Source
Largest companies

N/A

Source
 
 
Source
Current account balance

N/A

Source
Current account balance by percentage of GDP

N/A

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

14.5% (2015)

Source
Shares in world total merchandising export

N/A

Source
Shares in world total commercial services export

N/A

Source
Total exports

USD 819.0 million (2014 estimate)

Source
Export commodities

Livestock, bananas, hides, fish, charcoal, scrap metal

Source
Total imports

USD 3.5 billion (2014 estimate)

Source
 
 
Source
Import commodities

Manufactures, petroleum products, foodstuffs, construction materials, qat

Source
Exports - major partners

UAE 45.8%, Yemen 19.7%, Oman 15.9% (2015)

Source
Imports - major partners

Djibouti 18.7%, India 16.5%, China 11.8%, Oman 8.7%, Kenya 6.1%, Pakistan 4.4% (2015)

Source
FDI inflows
2013 2014 2015
USD 446 million USD 434 million USD 516 million
Source
FDI outflows
2013 2014 2015
N/A N/A N/A
Source
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Source
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

Source
Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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

Source
Best countries for doing business

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

Overall ranking: 190 out of 190 countries (2017)

Subcategories:

Starting a business: 184 out of 190 countries

Enforcing Contracts: 109 out of 190 countries

Registering Property: 148 out of 190 countries

Getting Credit: 185 out of 190 countries

Protecting Minority Investors: 190 out of 190 countries

Trading Across Borders: 156 out of 190 countries

Paying Taxes: 190 out of 190 countries

Dealing with Construction Permits: 187 out of 190 countries

Getting Electricity: 188 out of 190 countries

Resolving Insolvency: 169 out of 190 countries

Source
Global competitiveness ranking

N/A

Source
Index of Economic Freedom

N/A

Source
 
 
Source
Time zone

UTC+3

Source
Total area

637,657 sq km

Source
Capital

Mogadishu

Source
Currency

Somali shillings (SOS)

Source
Government type

Federal parliamentary republic

Source
Languages

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

Source
Religions

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

Source
Total population
1990 2000 2010 2016* 2021*
N/A N/A N/A N/A N/A

*Estimate   

Source
 
 
Source
Urban population as % of total population
1960 1980 2000 2015
17% 27% 33% 40%
Source
Population median age

17.9 years (2016 estimate)

Source
Population growth rate

1.92% (2016 estimate)

Source
Life expectancy

52.4 years (2016 estimate)

Source
Literacy

N/A

Source
% of population living on less than $3.10 a day

N/A

Source
Inequality of wealth distribution (Gini index)

N/A

Source
Freedom House rating

Political Rights: 7
Civil Liberties: 7 (2017)                         

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

Source
Total telephone subscribers as % of population

Fixed 0.46%   Mobile 52.47% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Source
Internet users as % of total population

1.76% (2015)

Source
Mercer Cost of living index

N/A

Source
CO2 emissions

0.1 (2013)

Source
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