Somalia
Inflation in Somalia
Inflation in Somalia: 2.8% a year in 2013 and 5.5% a year in 2024, by IMF estimates.
- Latest, 2024
- 5.5% a year
- Since 2013
- +2.7 percentage points
- Projected, 2031
- 4% a year
- IMF projection (World Economic Outlook, October 2026)
% a year · IMF
What the numbers say
- The IMF projection (World Economic Outlook, October 2026) puts it at 4% a year in 2031.
- The highest was 6.8% a year in 2022, the lowest 0% a year in 2016.
Every year
% a year · IMF
| Year | Somalia |
|---|---|
| 2024 | 5.5 |
| 2023 | 6.2 |
| 2022 | 6.8 |
| 2021 | 4.6 |
| 2020 | 4.1 |
| 2019 | 4.7 |
| 2018 | 4.3 |
| 2017 | 4 |
| 2016 | 0 |
| 2015 | 0.9 |
| 2014 | 1.3 |
| 2013 | 2.8 |
IMF projection (World Economic Outlook, October 2026) · 2025–2031
| Year | Somalia |
|---|---|
| 2025 | 3.7 |
| 2026 | 6.3 |
| 2027 | 5.5 |
| 2028 | 5 |
| 2029 | 4.5 |
| 2030 | 4 |
| 2031 | 4 |
Good to know
- How much consumer prices rose in a year, on average.
- 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
- Military spending1.54% of GDP in 2025
- Military spending in US dollars$193M in 2025
- Military spending per person$10 in 2025
- Military share of state spending20.8% of government spending in 2025
- Armed forces personnel14,000 people in 2020
- National power0.13% of world capability in 2022
- Armed forces, share of workers0.47% of the labour force in 2020
- Arms imports2 million TIV in 2025