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) [1]

GDP, PPP (current international) $15,682,243,683 (2020)
GDP Growth Rate (annual %) 2.398% (2020)
GDP Per Capita, PPP (current international) $987 (2020)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 151/197 (2020)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) Data unavailable
External debt stocks, total (DOD, current US$) $4,659,652,465 (2020)
Total tax rate (% of commercial profits) Data unavailable
Real Interest Rate (5 year average %) -21.302% (1988)
Manufacturing, value added (% of GDP) 4.428% (1990)
Current Account Balance (BoP, current US$) ($156,701,881) (1989)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 4,065,294 (2020)
Employment in Agriculture (% of total employment) 83.021% (2020)
Employment in Industry (% of total employment) 3.545% (2020)
Employment in Services (% of total employment) 13.435% (2020)
Unemployment Rate 13.1% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $5,368,653,240 (2020)
Exports of goods and services (current US$) $825,363,586 (2020)
Total Merchandise Trade (% of GDP) Data unavailable
FDI, net inflows (BoP, current US$) $447,000,000 (2019)
Commercial Service Exports (current US$) $0 (1989)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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


  1. The World Bank