Somalia GDP Growth Rate (2026)
Somalia has a fragile developing economy supported by livestock, trade, agriculture, telecommunications, remittances, and informal services. This page examines its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+2.6%
Annual real GDP growth
World Rank
#111
Out of 195 countries
Change vs 2025
-0.4 pp
2025: +3.0%
Africa Rank
#43
Out of 54 countries
1. Somalia GDP Growth Rate in 2026
Somali economic growth is influenced by remittances, livestock exports, trade, agriculture, and security conditions. Climate shocks and political stability remain especially important.
2. Somalia GDP Growth Rate Trends (2012–2026)
Somalia’s growth history has been shaped by conflict, weak institutions, drought, migration, and a large informal economy. Remittances have remained an important source of household support.
3. Somalia GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +2.6% | -0.4 pp |
| 2025 | +3.0% | -1.1 pp |
| 2024 | +4.1% | -0.1 pp |
| 2023 | +4.2% | +1.5 pp |
| 2022 | +2.7% | -0.8 pp |
| 2021 | +3.5% | +6.3 pp |
| 2020 | -2.8% | -5.6 pp |
| 2019 | +2.8% | +1.4 pp |
| 2018 | +1.4% | -8.1 pp |
| 2017 | +9.5% | +10.8 pp |
| 2016 | -1.3% | -5.9 pp |
| 2015 | +4.6% | +1.9 pp |
| 2014 | +2.7% | -3.0 pp |
| 2013 | +5.7% | +4.5 pp |
| 2012 | +1.2% | — |
4. Somalia GDP Growth Performance
Current Growth Rate
+2.6%
(2026 to 2026)
5-Year Average
+3.3%
(2022 to 2026)
10-Year Average
+3.1%
(2017 to 2026)
20-Year Average
+2.9%
(2007 to 2026)
The economy shows resilience through trade, telecommunications, and private-sector activity, but insecurity and climate vulnerability continue to limit investment and productivity.
5. Somalia GDP Growth Rate vs Africa and World
Somalia
+2.6%
Africa Average
+4.1%
World Average
+2.8%
0.0%
2.1%
4.1%
Annual real GDP growth (%)
Somalia’s GDP growth rate is approximately
1.5 pp
below the
Africa average
and
0.2 pp
below the world average.
6. Somalia GDP Growth Rate Ranking in Africa
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #39 | Congo | +2.8% |
| #40 | Eritrea | +2.8% |
| #41 | Gabon | +2.7% |
| #42 | Central African Republic | +2.6% |
| #43 | Somalia | +2.6% |
| #44 | Namibia | +2.4% |
| #45 | Angola | +2.3% |
| #46 | Malawi | +2.2% |
| #47 | Senegal | +2.2% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Somalia
Somalia GDP (Nominal)
$14.2 Billion
(2026)
Somalia GDP Growth Rate
+2.6%
(2026)
Somalia generally grows from a very low base and remains more volatile than many East African economies. Security and weather conditions heavily influence relative performance.
Explore more:
Somalia GDP
9. Somalia GDP Growth Rate Forecast
The outlook depends on political stability, remittances, agriculture, infrastructure, and institutional development. Conflict and climate shocks remain major risks.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +3.1% | +0.5 pp |
| 2028 | +3.6% | +0.5 pp |
| 2029 | +4.0% | +0.4 pp |
| 2030 | +4.1% | +0.1 pp |
10. Somalia GDP Growth Rate: Key Findings
Somalia GDP growth rate is estimated at +2.6% in 2026.
It ranks #111 globally and #43 in Africa by annual GDP growth rate.
The growth rate slowed by 0.4 percentage points compared with 2025.
The 5-year average GDP growth rate is +3.3%.
The 10-year average GDP growth rate is +3.1%.
The current rate is 1.5 percentage points below the Africa average.
The current rate is 0.2 percentage points below the world average.
The forecast GDP growth rate is +4.1% in 2030, 1.5 percentage points above the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
November 2026
13. Somalia GDP Growth Rate FAQs
Somalia GDP growth rate is estimated at +2.6% in 2026.
Somalia ranks #111 globally and #43 in Africa by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +2.6% in 2026.
Somalia GDP growth rate was +4.6% in 2015.
Somalia GDP growth rate is 1.5 percentage points below the Africa average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.