Articles

Economy on an upward trajectory: keyinsights from the 2024 GDP data analysis

Articles

Economy on an upward trajectory: keyinsights from the 2024 GDP data analysis

In order to continuously inform policy, the Somalia National Statistics Office launches the first in a series of policy briefs designed to provide policy actors with the crucial information they need to address challenges in their respective policy environments. The first edition of this is a policy brief on Gross Domestic Product (GDP) for the year 2024.

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Modernizing Somalia’s Consumer Price Index

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On May 4, 2025, the Somalia National Bureau of Statistics (SNBS) achieved a historic milestone by launching a modernized Consumer Price Index (CPI). This was the first nationally representative CPI. A few weeks later, on May 22nd, the Bureau released the first quarterly CPI report under this new framework. The report provided rich information and analysis about price dynamics across the country. This achievement represents an imperative shift from a CPI that focused only on Mogadishu (Banadir region) to a comprehensive national and state-level price monitoring system. Puntland and Somaliland previously conducted CPI separately, though with outdated methodologies. The move towards integrated national CPI will lead to enhanced data quality, transparency, and relevance in national planning and policymaking

Author:

Abdisalam Abdirahman Mohamed holds a PhD in Economics from the University of Glasgow and is the Director General of the Somalia National Bureau of Statistics.

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