Gross Domestic Product of Somalia fell -0.3% in 2020 compared to last year. This rate is 30 -tenths of one percent less than the previous year, when changed 2.7%.
The GDP figure in 2020 was €6,031$6,883 million, Somalia is number 152 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Somalia rose €239$398 million with respect to 2019.
The GDP per capita of Somalia in 2020 was €365$416, €3$78 higher than in 2019, it was €362$338. To view the evolution of the GDP per capita, it is interesting to look back a few years and compare these data with those of 2010 when the GDP per capita in Somalia was €69$91.
If we order the countries according to their GDP per capita, Somalia is in 195 th position. According to this parameter, its population is among the poorest of the 196 countries whose GDP we publish.
Here we show you the progression of the GDP in Somalia. You can see GDP in other countries in GDP and see all the economic information about Somalia in Somalia's economy.