Questions
Questions on the economy of Somalia
-
What is the GDP of Somalia?
13.2 bn$ in 2025 (IMF, current dollars): no. 36 of 53 African economies.
Details and sources → -
What is the economic growth of Somalia?
Real GDP growth of +3.1 % in 2025 (IMF estimate). The IMF projects +2.3 % for 2026.
Details and sources → -
What GDP does the IMF project for Somalia in 2030?
20.8 bn$ in 2030 according to the IMF projections, against 13.2 bn$ in 2025: real growth of 3.1 % a year on average.
Details and sources → -
Is Somalia a rich country?
GDP per capita of 780 $ in 2025, far below the African median (1,768 $): no. 46 of 53 in Africa per person (IMF).
Details and sources → -
How many people live in Somalia?
17.0 M inhabitants in 2025 (IMF): no. 26 in Africa by population.
Details and sources → -
What is the inflation rate in Somalia?
3.7 % in 2025, average annual change in consumer prices (IMF). Projection for 2026: 6.3 %.
Details and sources → -
Is Somalia in default?
No rating agency rates it; the IMF and the World Bank put its risk of debt distress at « moderate » (16 Dec 2025).
Details and sources → -
What is the currency of Somalia?
Its currency: Somali shilling (SOS).
Details and sources → -
What does Somalia export?
In 2024, mostly: Live animals (77.4 %), Oil seeds (5.3 %), Machinery (3.3 %). First client: Saudi Arabia (CEPII, BACI).
Details and sources → -
Which economic communities is Somalia part of?
EAC (East African Community).
Details and sources → -
What share of the population of Somalia has electricity?
54.4 % of the population in 2024 (World Bank).
Details and sources →
Answers written from the latest figures of the IMF, the World Bank, CEPII, the rating agencies and the IMF-World Bank debt analyses. Method and sources