Somalia’s GDP Growth
#121 of 189 in the GDP Growth progress rankings
Measured as the annual percentage change in real GDP at constant national prices, this indicator shows the year-on-year rate of economic expansion. It reveals economic momentum and growth trends (higher is better).
Latest (2024)
4.0 %
Year-over-year
-0.2 %
Change since start (1961→2024)
+7.2 %
Key insights
- From 1961 to 2024, GDP Growth changed by +7.2 %.
- Most recent year-over-year change (2023→2024): -0.2 %.
- Lowest level: -17.9 % in 1994.
- Highest level: 14.9 % in 1972.
GDP Growth Chart (1961–2024)
*Average based on available data from 193 UN member countries
GDP Growth Table (1961–2024)
| Year | GDP Growth |
|---|---|
| 1961 | -3.3 % |
| 1962 | 7.1 % |
| 1963 | 2.8 % |
| 1964 | -6.1 % |
| 1965 | -5.9 % |
| 1966 | 9.1 % |
| 1967 | 5.9 % |
| 1968 | 2.0 % |
| 1969 | -1.7 % |
| 1970 | 4.6 % |
| 1971 | 2.1 % |
| 1972 | 14.9 % |
| 1973 | -12.2 % |
| 1974 | 0.8 % |
| 1975 | 14.7 % |
| 1976 | -1.9 % |
| 1977 | 13.7 % |
| 1978 | 5.8 % |
| 1979 | -5.0 % |
| 1980 | 1.8 % |
| 1981 | 6.3 % |
| 1982 | 2.8 % |
| 1983 | -11.6 % |
| 1984 | 3.3 % |
| 1985 | 9.5 % |
| 1986 | -2.2 % |
| 1987 | 10.1 % |
| 1988 | 3.4 % |
| 1989 | 3.8 % |
| 1990 | 2.3 % |
| 1991 | 3.0 % |
| 1992 | -8.5 % |
| 1993 | 4.0 % |
| 1994 | -17.9 % |
| 1995 | 4.0 % |
| 1996 | 8.1 % |
| 1997 | 1.2 % |
| 1998 | 6.6 % |
| 1999 | 7.3 % |
| 2000 | 7.1 % |
| 2001 | 7.1 % |
| 2002 | 7.6 % |
| 2003 | 7.6 % |
| 2004 | 7.1 % |
| 2005 | 7.1 % |
| 2006 | 6.5 % |
| 2007 | 6.7 % |
| 2008 | 6.7 % |
| 2009 | 6.7 % |
| 2010 | 6.7 % |
| 2011 | 6.7 % |
| 2012 | 6.7 % |
| 2013 | 11.0 % |
| 2014 | 9.0 % |
| 2015 | 10.5 % |
| 2016 | 7.0 % |
| 2017 | 14.7 % |
| 2018 | 2.1 % |
| 2019 | 2.8 % |
| 2020 | -2.8 % |
| 2021 | 3.5 % |
| 2022 | 2.7 % |
| 2023 | 4.2 % |
| 2024 | 4.0 % |
Source: World Bank