Somalia: economy

How fast is Somalia's economy growing?

Somalia's GDP grew by 3.1% in 2025 in constant 2022 prices, slower than the 4.0% growth in 2024, according to the Somalia National Bureau of Statistics' GDP 2025 report. In current prices GDP was 13,234 million US dollars in 2025, up from 12,348 million in 2024.

The Bureau links the slowdown to lower international aid income, slower household consumption and weaker exports, as drought reduced livestock sales. GDP is estimated from the expenditure side, and the Bureau notes that recent years have been revised significantly as new data sources were added.

Official sources: GDP 2025 report

What is Somalia's GDP per capita?

Somalia's GDP per person was 793 US dollars in current prices in 2025, up from 761 dollars in 2024, according to the Somalia National Bureau of Statistics' GDP 2025 report. Gross national disposable income (GNDI) per person was 1,037 dollars.

GNDI adds income from abroad, mainly remittances from the Somali diaspora and international aid, to GDP. The Bureau puts GNDI at 17,299 million dollars in 2025, around 30% above GDP. Per-person figures depend on population estimates, which are uncertain because the last full census was held in 1974.

Official sources: GDP 2025 report

What is the inflation rate in Somalia?

Consumer prices in Somalia rose 6.9% in the twelve months to August 2026, according to the Somalia National Bureau of Statistics' Consumer Price Index (CPI) August 2026, published on 2 October 2026. The largest rise was in restaurants and accommodation services, up 16.5%, driven by restaurant services (+13.8%).

The Bureau publishes the CPI monthly, with price changes by state. It reported no negative state-level movements in August. The Bureau's GDP report shows that imports equal around 75% of GDP, so world prices feed quickly into local prices.

Official sources: Consumer Price Index (CPI) August 2026

What does Somalia export and import?

Exports of goods and services were around 20% of Somalia's GDP in 2025 and imports around 75%, according to the Somalia National Bureau of Statistics' GDP 2025 report. In constant prices exports grew 0.7% and imports 4.3%.

Livestock exports fell because of drought, but exports of crops, meat and fish rose. Food is the largest single import, and demand for clothing, footwear and construction materials increased. The large gap between imports and exports is financed mainly by remittances and aid, which the Bureau records in national disposable income.

Official sources: GDP 2025 report

What is Somalia's economic growth rate?

In 2025, real GDP growth in Somalia was 3.0%, according to the World Bank. Since 2005 it has ranged from -2.8% (2020) to 14.7% (2017). Across Sub-Saharan Africa the middle value was 4.6%, and Somalia placed 37th highest of 46. World rank, highest first: 100th of 180.

What is Somalia's GDP per person?

The World Bank puts GDP per person in Somalia at $661 in 2025. It is the top of the series, which starts in 2005. It is 42nd highest of 46 in Sub-Saharan Africa, where the median is $1,351. Of 180 countries with 2025 data, 176th highest.

How does Somalia's income per person compare after prices?

The World Bank puts GDP per person at purchasing power parity in Somalia at $1,643 in international dollars in 2025. That is the highest since at least 2005. Sub-Saharan Africa median: $4,425 in international dollars; Somalia is 44th highest of 46. Of 179 countries with 2025 data, 177th highest.

How much does Somalia export?

The latest figure from the World Bank, for 2025, is 29.2% of GDP. Since 2012 it has ranged from 13.0% of GDP (2017) to 31.2% of GDP (2024). It is 19th highest of 38 in Sub-Saharan Africa, where the median is 26.1% of GDP. Of 133 countries with 2025 data, 85th highest.

How much foreign investment does Somalia receive?

According to the IMF, net inflows of foreign direct investment in Somalia was 6.4% of GDP in 2025. No year since 2005 has been higher. Sub-Saharan Africa median: 2.0% of GDP; Somalia is 8th highest of 46. Worldwide: 27th of 179.