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SO

Somalia

SO · SOM · #43 · 7 cities

Nomad score 31/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$2,363
GDP (2031)
$22.0B
GDP growth (2031)
4.2% ↑
Inflation (2031)
3.2% ↓
Unemployment (2025)
19.0% →
Population (2031)
20.0M
Population growth (2031)
2.8% →
Government debt (2024)
12.7% of GDP
Current account (2031)
-10.3% of GDP
FDI inflows (2024)
$765.0M
Life expectancy (2024)
59.0 yrs
Health spending (2023)
3.7% of GDP
Internet users (2024)
27.9%
Mobile subscriptions (2023)
54.0/100
Trade openness (2025)
128.1% of GDP
Exchange rate (2017)
23,097.99/USD
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2024)
12.7% of GDP
Current account (2031)
-10.3% of GDP
FDI inflows (2024)
$765.0M

Business environment

New business density (2024)
0.02/1k
Tax revenue (2024)
2.2% of GDP

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $22.0B $2,363 4.2% 3.2% - 20.0M - - -10.3% - - - - -
2030 * $19.9B $2,091 4.1% 3.5% - 19.5M - - -11.6% - - - - -
2029 * $18.3B $2,001 4.0% 3.8% - 18.9M - - -11.4% - - - - -
2028 * $16.9B $1,912 3.6% 4.0% - 18.4M - - -10.3% - - - - -
2027 * $15.5B $1,824 3.1% 4.5% - 17.9M - - -9.6% - - - - -
2026 * $14.2B $1,734 2.6% 5.9% - 17.4M - - -8.7% - - - - -
2025 $13.0B $1,643 3.0% 3.7% 19.0% 17.0M - - -9.5% - - - - -
2024 $12.2B $1,604 4.1% 5.5% 19.0% 16.5M - 12.7% -9.1% $765.0M 59.0 - 27.9% -
2023 $11.0B $1,557 4.2% 6.2% 19.0% 16.1M - - -8.9% $676.5M 58.8 3.7% 26.1% -
2022 $10.2B $1,486 2.7% 6.8% 19.1% 15.6M - 43.4% -8.6% $636.0M 53.9 2.9% 27.6% -
2021 $9.5B $1,392 3.5% 4.6% 19.7% 15.2M - 47.3% -7.1% $601.0M 55.7 2.7% 23.9% -
2020 $8.6B $1,454 -2.8% 4.1% 19.4% 14.8M - - -4.7% $534.0M 57.1 2.5% 15.0% -
2019 $8.7B $1,548 2.8% 4.7% 18.8% 14.4M - - -9.7% $447.0M 57.3 2.4% 2.7% -
2018 $7.9B $1,552 1.4% 4.3% 18.7% 14.0M - - -3.2% $408.0M 54.8 2.5% - -
2017 $8.3B $1,597 9.5% 4.0% 18.5% 13.6M - - -3.6% $369.0M 52.2 2.4% - 23,097.99
2016 $7.4B $1,469 -1.3% 0.0% 18.6% 13.2M - - -5.5% $330.0M 55.3 2.3% 1.9% 23,061.78
2015 $6.8B $1,341 4.6% 0.9% 18.5% 12.9M - - -2.1% $303.0M 55.1 2.9% 1.8% 22,254.24
2014 $6.4B $1,128 2.7% 1.3% 18.6% 12.5M - - -2.3% $261.0M 54.4 3.0% 1.6% 20,230.93
2013 $5.9B $944 5.7% 2.8% 18.7% 12.2M - - -6.3% $258.0M 54.0 3.4% 1.5% 19,283.80
2012 $5.2B $1,003 1.2% - 18.8% 11.8M - - - $107.3M 49.1 - 1.4% 22,516.00
2011 $5.0B $881 6.7% - 18.8% 12.3M - - - $102.0M 32.5 - 1.3% 29,966.84
2010 $2.7B $815 6.7% - 18.7% 12.3M - - - $112.0M 48.9 - - 31,269.66
2009 $2.9B $774 6.7% - 18.7% 12.0M - - - $108.0M 52.1 - 1.2% 31,558.91
2008 $5.9B $739 6.7% - 18.7% 11.7M - - - $87.0M 51.5 - 1.1% -
2007 $5.4B $700 6.7% - 18.7% 11.3M - - - $141.0M 50.9 - 1.1% -
2006 $5.0B $659 6.5% - 18.7% 11.0M - - - $96.0M 50.9 - 1.1% -
2005 $4.7B $619 7.1% - 18.7% 10.6M - - - $24.0M 50.9 - 1.1% -
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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