Somalia GDP (2026): History, Growth Rate & Projections

Nominal Gross Domestic Product (GDP) of Somalia is $14.17 billion as of 2026, according to the International Monetary Fund (IMF). The GDP growth rate in 2026 is 2.6%. GDP per capita is $813.

Somalia GDP Trend

Nominal GDP of Somalia has grown from $5.02 billion in 2011 to $14.17 billion in 2026.

Somalia GDP Growth Rate (%)

This chart shows the year-over-year real GDP growth rate of Somalia. Hover any bar to see the exact value for that year.

Average Growth

2.93%

Best Year

2017 (+9.5%)

Worst Year

2020 (-2.8%)

Years of Contraction

2 of 15

GDP per capita in Somalia rose from $764 in 2025 to $813 in 2026, an increase of 6.4%.

"Somalia GDP", "Somalia gross domestic product", and "Somalia economy size" all refer to the same nominal GDP figure.

Gross Domestic Product (GDP) of Somalia

The table below shows nominal and PPP GDP, growth rate, and GDP per capita for Somalia for every year IMF has published data, from 2011 to 2026. Click any column header to sort, or search by year.

Somalia nominal GDP by year
Year	GDP Nominal (Current USD)	GDP Growth	GDP per capita	Pop. Change
2026	$14,174,000,000	2.6%	$813	2.8%
2025	$12,956,000,000	3%	$764	2.8%
2024	$12,161,000,000	4.1%	$737	2.8%
2023	$10,969,000,000	4.2%	$683	2.8%
2022	$10,203,000,000	2.7%	$653	2.8%
2021	$9,484,000,000	3.5%	$624	2.8%
2020	$8,628,000,000	-2.8%	$584	2.8%
2019	$8,655,000,000	2.8%	$602	2.8%
2018	$7,873,000,000	1.4%	$563	2.8%
2017	$8,252,000,000	9.5%	$607	2.8%
2016	$7,391,000,000	-1.3%	$559	2.8%
2015	$6,841,000,000	4.6%	$532	2.8%
2014	$6,443,000,000	2.7%	$515	2.8%
2013	$5,869,000,000	5.7%	$482	2.8%
2012	$5,183,000,000	1.2%	$438	—
2011	$5,022,000,000	—	—	—

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Somalia GDP Projections (IMF)

IMF projects nominal GDP for Somalia through 2031, based on current growth and inflation assumptions.

Somalia nominal GDP by year
Year	GDP Nominal (Current USD)	GDP Growth	GDP per capita	Pop. Change
2031	$21,991,000,000	4.2%	$1,099	2.8%
2030	$19,851,000,000	4.1%	$1,019	2.8%
2029	$18,341,000,000	4%	$968	2.8%
2028	$16,875,000,000	3.6%	$916	2.8%
2027	$15,539,000,000	3.1%	$867	2.8%

Compare Somalia to Nearby-Ranked Economies

Somalia ranks #151 in the world by nominal GDP. See how it compares to the economies ranked just above and below it.

#150Mauritania GDP #152Equatorial Guinea GDP

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Frequently Asked Questions

What is the GDP of Somalia?

The nominal GDP of Somalia in 2026 is $14.17 billion, according to the IMF World Economic Outlook (April 2026). This ranks Somalia 151th in the world by nominal GDP.

What is the GDP growth rate of Somalia?

The GDP growth rate of Somalia in 2026 is 2.6%, per IMF estimates.

What is the GDP per capita of Somalia?

GDP per capita in Somalia in 2026 is $813, per IMF data.

Is the GDP of Somalia expected to grow?

IMF projects the nominal GDP of Somalia to reach $21.99 billion by 2031, up from $14.17 billion in 2026.

Sources: IMF, World Economic Outlook (April 2026).

Disclaimer: GDP figures are IMF World Economic Outlook (April 2026) estimates and projections, subject to revision in future WEO releases. This page is for informational purposes only and is not investment or economic advice.