Somalia: Trade openness
* indicates monthly or quarterly data series
| Somalia |
Trade openness: exports plus imports as percent of GDP |
|---|---|
| Latest value | 128.06 |
| Year | 2025 |
| Measure | percent |
| Data availability | 1960 - 2025 |
| Average | 62.64 |
| Min - Max | 25.66 - 130.33 |
| Source | The World Bank |
The latest value from 2025 is 128.06 percent, a decline from 130.33 percent in 2024. In comparison, the world average is 90.55 percent, based on data from 135 countries. Historically, the average for Somalia from 1960 to 2025 is 62.64 percent. The minimum value, 25.66 percent, was reached in 1985 while the maximum of 130.33 percent was recorded in 2024.
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Definition: Exports plus imports as percent of GDP.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 117.40 | 2023 | percent |
| Trade openness | 128.06 | 2025 | percent |
| Financial openness | -1.935 | 2007 | index points |
| Exports, percent of GDP | 29.25 | 2025 | percent |
| Exports, billion dollars | 3.80 | 2025 | billion U.S. dollars |
| Growth of exports | -1.20 | 2025 | percent |
| Imports, percent of GDP | 98.81 | 2025 | percent |
| Imports, billion dollars | 12.84 | 2025 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 6.39 | 2024 | percent |
| Foreign Direct Investment, billion dollars | 0.77 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 1989 | million dollars (current) |
| Trade balance, percent of GDP | -67.90 | 2024 | percent |
| Reserves | 0.02 | 1989 | billion U.S. dollars |
| Remittances, percent of GDP | 2.95 | 1983 | percent |
| Remittances | 21.70 | 1983 | million U.S. dollars |
| External debt | 27.56 | 2023 | percent |
| Short-term external debt | 21.54 | 2023 | percent |