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) $24,004,794,505 (2022)
GDP Growth Rate (annual %) 4.799% (2022)
GDP Per Capita, PPP (current international) $1,364 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 149/197 (2022)

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$) $4,835,829,889 (2021)
Total tax rate (% of commercial profits) Data unavailable
Real Interest Rate (5 year average %) -21.302% (1988)
Manufacturing, value added (% of GDP) 4.428% (1990)
Current Account Balance (BoP, current US$) ($156,701,881) (1989)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 3,158,162 (2022)
Employment in Agriculture (% of total employment) 26.282% (2021)
Employment in Industry (% of total employment) 17.705% (2021)
Employment in Services (% of total employment) 56.012% (2021)
Unemployment Rate 20.047% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $7,388,574,480 (2022)
Exports of goods and services (current US$) $1,363,709,960 (2022)
Total Merchandise Trade (% of GDP) Data unavailable
FDI, net inflows (BoP, current US$) $636,000,000 (2022)
Commercial Service Exports (current US$) $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