Somalia: Economy

Economic Trivia

Somalia's telecommunication firms provide the lowest international call rates in Africa.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Data unavailable

Top Industries Source: CIA World Factbook

Sugar Refining; Textiles; Wireless Communication

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) Data unavailable
GDP Growth Rate (annual %) -1.484% (1990)
GDP Per Capita, PPP (current international) Data unavailable
Click on a row to display its 5-year graph on the right.

GDP Country Rank Data unavailable

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) Data unavailable
External debt stocks, total (DOD, current US$) $2,919,581,000 (2014)
Total tax rate (% of commercial profits) Data unavailable
Real Interest Rate (5 year average %) Data unavailable
Manufacturing, value added (% of GDP) 4.619% (1990)
Current Account Balance (BoP, current US$) ($156,701,881) (1989)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 3,132,863 (2014)
Employment in Agriculture (% of total employment) Data unavailable
Employment in Industry (% of total employment) Data unavailable
Employment in Services (% of total employment) Data unavailable
Unemployment Rate 6.9% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $3,651,000,000 (2015)
Exports of goods and services (current US$) $861,000,000 (2015)
Total Merchandise Trade (% of GDP) Data unavailable
FDI, net inflows (BoP, current US$) $516,000,000 (2015)
Commercial Service Exports (current US$) $0 (1989)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Somalia’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary