Somalia: GDP, current U.S. dollars

* indicates monthly or quarterly data series
 Somalia

Gross Domestic Product, billions of U.S. dollars

 Latest value 11.68
 Year 2023
 Measure billion U.S. dollars
 Data availability 1960 - 2023
 Average 2.74
 Min - Max 0.18 - 11.68
 Source The World Bank
The latest value from 2023 is 11.68 billion U.S. dollars, an increase from 10.42 billion U.S. dollars in 2022. In comparison, the world average is 579.57 billion U.S. dollars, based on data from 179 countries. Historically, the average for Somalia from 1960 to 2023 is 2.74 billion U.S. dollars. The minimum value, 0.18 billion U.S. dollars, was reached in 1960 while the maximum of 11.68 billion U.S. dollars was recorded in 2023. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
Somalia - GDP, current U.S. dollars - Recent values chart

Historical series
Somalia - GDP, current U.S. dollars - historical chart - 1960-2023




Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Economic growth 3.10 2023 percent
 GDP, constant dollars 9.2 2023 billion U.S. dollars
 GDP, current U.S. dollars 11.68 2023 billion U.S. dollars
 GDP per capita, current dollars 643.75 2023 U.S. dollars
 GDP per capita, PPP 1,452 2023 U.S. dollars
 GDP per capita, constant dollars 509.08 2023 U.S. dollars
This site uses cookies.
Learn more here


OK