Somalia Live GDP
$8,687,392,291
GDP Added Today
$27,660,784
Somalia GDP (2026)
LiveSomalia has a developing economy driven by livestock, agriculture, telecommunications, trade, fisheries, and remittances. Private entrepreneurship and expanding commercial activity continue to support economic recovery despite long-standing structural challenges. This page presents Somalia GDP data, historical performance, and economic prospects for 2026.
GDP Growth Rate (2026)
2.60%
vs 2025
โผ โ0.40%
GDP Per Capita (2026)
$813
vs 2025
โฒ +$49
Global Rank (Nominal)
#151
of 218 countries
World Share
0.01%
of 2026 World GDP
Years Covered
2011โ2026
16 years
Somalia GDP Growth (2011โ2026)
Annual real GDP growth rate (%)
Historical Highlights
2011โ2026 GDP performance summary
Highest GDP
$14.17B
Lowest GDP
$5.02B
Average Growth
2.74%
2011โ2026
Best Growth
9.50%
Weakest Growth
-2.80%
Share of World GDP (2026)
Somalia
0.01%
United States
25.58%
China
16.47%
Germany
4.31%
Japan
3.46%
Rest of World
50.17%
Key Findings
โ
Somalia's GDP in 2026 is $14.17B.
โ
It ranks #151 among 218 countries.
โ
Somalia contributes 0.01% to the world economy.
โ
GDP per capita is $813 in 2026.
โ
The economy recorded GDP growth of 2.60% in 2026.
Historical Data
Somalia GDP Historical Data (2011โ2026)
| 2026 | $14,174,000,000 | 2.60% | $813 | 0.01% | #149 |
| 2025 | $12,956,000,000 | 3.00% | $764 | 0.01% | #148 |
| 2024 | $12,161,000,000 | 4.10% | $737 | 0.01% | #148 |
| 2023 | $10,969,000,000 | 4.20% | $683 | 0.01% | #152 |
| 2022 | $10,203,000,000 | 2.70% | $653 | 0.01% | #153 |
| 2021 | $9,484,000,000 | 3.50% | $624 | 0.01% | #151 |
| 2020 | $8,628,000,000 | -2.80% | $584 | 0.01% | #151 |
| 2019 | $8,655,000,000 | 2.80% | $602 | 0.01% | #152 |
| 2018 | $7,873,000,000 | 1.40% | $563 | 0.01% | #152 |
| 2017 | $8,252,000,000 | 9.50% | $607 | 0.01% | #151 |
| 2016 | $7,391,000,000 | -1.30% | $559 | 0.01% | #151 |
| 2015 | $6,841,000,000 | 4.60% | $532 | 0.01% | #154 |
| 2014 | $6,443,000,000 | 2.70% | $515 | 0.01% | #159 |
| 2013 | $5,869,000,000 | 5.70% | $482 | 0.01% | #161 |
| 2012 | $5,183,000,000 | 1.20% | $438 | 0.01% | #164 |
| 2011 | $5,022,000,000 | 0.00% | N/A | 0.01% | #161 |
Somalia GDP Projections (IMF)
i| Year | GDP Nominal (Current USD) | GDP Growth Rate (%) | GDP Per Capita (USD) | World Share (%) | Global Rank |
|---|---|---|---|---|---|
| 2027 | $15,539,000,000 | 3.10% | $867 | 0.01% | #141 |
| 2028 | $16,875,000,000 | 3.60% | $916 | 0.01% | #141 |
| 2029 | $18,341,000,000 | 4.00% | $968 | 0.01% | #141 |
| 2030 | $19,851,000,000 | 4.10% | $1,019 | 0.01% | #139 |
| 2031 | $21,991,000,000 | 4.20% | $1,098 | 0.01% | #139 |
Somalia Economy Overview
Somalia has a private-sector-led economy where livestock, agriculture, telecommunications, trade, fisheries, and remittances play central roles. Livestock exports, particularly sheep, goats, cattle, and camels, remain one of the country's largest sources of foreign earnings. Agriculture produces bananas, sesame, sorghum, maize, and fruits for domestic and export markets.
Telecommunications, mobile banking, retail commerce, transportation, and informal business networks have expanded despite infrastructure challenges. Fishing resources along Somalia's long coastline provide considerable untapped potential, while ports continue to facilitate regional trade across the Horn of Africa.
Somalia GDP Outlook
Somalia's long-term growth prospects depend on improving security, strengthening public institutions, and expanding private-sector investment. Livestock exports, fisheries, telecommunications, agriculture, renewable energy, and port development could drive economic recovery if infrastructure continues to improve. The country's entrepreneurial private sector remains an important source of resilience. Nevertheless, political instability, drought, food insecurity, limited infrastructure, climate change, and restricted access to finance continue to challenge sustainable growth.