Somalia

GDP growth in Somalia

GDP growth in Somalia: 1.2% a year in 2012 and 4% a year in 2024, by IMF estimates.

Latest, 2024
4% a year
Since 2012
+2.8 percentage points
Projected, 2031
4% a year
IMF projection (World Economic Outlook, October 2026)
Watch it change on the map

% a year · IMF

GDP growth in SomaliaGDP growth in Somalia: 1.2% a year in 2012 and 4% a year in 2024, by IMF estimates. The IMF projection (World Economic Outlook, October 2026) puts it at 4% a year in 2031.
Estimates, IMFIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • The IMF projection (World Economic Outlook, October 2026) puts it at 4% a year in 2031.
  • The highest was 9.5% a year in 2017, the lowest -2.7% a year in 2020.

Every year

% a year · IMF

YearSomalia
20244
20234.2
20222.8
20213.5
2020-2.7
20193.6
20181.4
20179.5
2016-1.3
20154.6
20142.7
20135.7
20121.2
IMF projection (World Economic Outlook, October 2026) · 2025–2031
YearSomalia
20253.1
20262.3
20272.7
20283.2
20293.6
20303.8
20314

Good to know

  • How much the economy grew or shrank in a year, after inflation.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Somalia in numbers

Every measure for Somalia on one page

Health

People

Economy

Education

Politics

Conflict

Military

Climate

Technology and environment