GDP Growth Rate
Year -
3.97%
In 2024, Somalia experienced a significant a decrease in its GDP growth rate, which fall to 3.97% from 4.22% in 2023. Additionally, the GDP per capita growth rate in Somalia decrease to 0.41% in 2024, compared to 1.06% in 2023.
In 2024, Somalia experienced a decrease in economic performance, with the GDP growth rate falling by 0.25%. Additionally, the GDP per capita growth rate decrease by 0.65%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | -3.26% | -3.26% | -5.74% | -5.74% |
| 1962 | 7.08% | 10.34% | 4.32% | 10.06% |
| 1963 | 2.81% | -4.27% | 0.16% | -4.16% |
| 1964 | -6.11% | -8.92% | -8.53% | -8.69% |
| 1965 | -5.94% | 0.17% | -8.38% | 0.15% |
| 1966 | 9.1% | 15.04% | 6.27% | 14.65% |
| 1967 | 5.94% | -3.16% | 3.2% | -3.07% |
| 1968 | 2.03% | -3.91% | -0.62% | -3.82% |
| 1969 | -1.7% | -3.73% | -4.25% | -3.63% |
| 1970 | 4.58% | 6.28% | 1.86% | 6.11% |
| 1971 | 2.14% | -2.44% | -0.5% | -2.36% |
| 1972 | 14.88% | 12.74% | 11.91% | 12.41% |
| 1973 | -12.15% | -27.03% | -14.45% | -26.36% |
| 1974 | 0.75% | 12.90% | -1.83% | 12.62% |
| 1975 | 14.7% | 13.95% | 11.85% | 13.68% |
| 1976 | -1.85% | -16.55% | -4.28% | -16.13% |
| 1977 | 13.65% | 15.50% | 10.65% | 14.93% |
| 1978 | 5.8% | -7.85% | -1.47% | -12.12% |
| 1979 | -4.99% | -10.79% | -16.05% | -14.58% |
| 1980 | 1.79% | 6.78% | -6.56% | 9.49% |
| 1981 | 6.26% | 4.47% | 5.43% | 11.99% |
| 1982 | 2.77% | -3.49% | 2.41% | -3.02% |
| 1983 | -11.58% | -14.35% | -14.35% | -16.76% |
| 1984 | 3.27% | 14.85% | -0.43% | 13.92% |
| 1985 | 9.53% | 6.26% | 5.2% | 5.63% |
| 1986 | -2.15% | -11.68% | -6.1% | -11.30% |
| 1987 | 10.09% | 12.24% | 6.23% | 12.33% |
| 1988 | 3.42% | -6.67% | 3.31% | -2.92% |
| 1989 | 3.81% | 0.39% | 5.57% | 2.26% |
| 1990 | 2.33% | -1.48% | 2.79% | -2.78% |
| 1991 | 2.95% | 0.62% | 7.02% | 4.23% |
| 1992 | -8.49% | -11.44% | -4% | -11.02% |
| 1993 | 3.99% | 12.48% | 1.09% | 5.09% |
| 1994 | -17.85% | -21.84% | -21.89% | -22.98% |
| 1995 | 3.99% | 21.84% | 0.3% | 22.19% |
| 1996 | 8.05% | 4.06% | 4.19% | 3.89% |
| 1997 | 1.18% | -6.87% | -2.31% | -6.50% |
| 1998 | 6.59% | 5.41% | 2.26% | 4.57% |
| 1999 | 7.32% | 0.73% | 3.06% | 0.80% |
| 2000 | 7.11% | -0.21% | 2.91% | -0.15% |
| 2001 | 7.11% | 0.00% | 2.92% | 0.01% |
| 2002 | 7.63% | 0.52% | 3.67% | 0.75% |
| 2003 | 7.63% | 0.00% | 3.73% | 0.06% |
| 2004 | 7.11% | -0.52% | 3.24% | -0.49% |
| 2005 | 7.11% | 0.00% | 3.46% | 0.22% |
| 2006 | 6.49% | -0.62% | 3.27% | -0.19% |
| 2007 | 6.69% | 0.20% | 3.42% | 0.15% |
| 2008 | 6.69% | 0.00% | 3.58% | 0.16% |
| 2009 | 6.69% | 0.00% | 4.04% | 0.46% |
| 2010 | 6.69% | 0.00% | 4.08% | 0.04% |
| 2011 | 6.69% | 0.00% | 5.94% | 1.86% |
| 2012 | 6.69% | 0.00% | 5.73% | -0.21% |
| 2013 | 10.96% | 4.27% | 7.44% | 1.71% |
| 2014 | 8.98% | -1.98% | 5.14% | -2.30% |
| 2015 | 10.46% | 1.48% | 6.72% | 1.58% |
| 2016 | 7.03% | -3.43% | 2.99% | -3.73% |
| 2017 | 14.74% | 7.71% | 10.37% | 7.38% |
| 2018 | 2.05% | -12.69% | -1.48% | -11.85% |
| 2019 | 2.82% | 0.77% | -0.89% | 0.59% |
| 2020 | -2.75% | -5.57% | -6.37% | -5.48% |
| 2021 | 3.46% | 6.21% | -0.26% | 6.11% |
| 2022 | 2.73% | -0.73% | -0.33% | -0.07% |
| 2023 | 4.22% | 1.49% | 1.06% | 1.39% |
| 2024 | 3.97% | -0.25% | 0.41% | -0.65% |