Gross Domestic Product

The annual Gross Domestic Product (GDP) statistics are key indicators of Somalia’s economy and its growth in recent years, providing estimates of expenditure levels and growth across the economy. Much effort has been made to secure new sources of data and improve the quality of data from existing sources. The estimates presented in this report were compiled as far as possible in accordance with the System of National Accounts, 2025 (2025 SNA).

The base year for Somalia’s National Accounts is 2022, largely based on consumption benchmarks derived from the 2022 Somalia Integrated Household Budget Survey. The National Accounts estimate in this report summarizes the latest economic developments and presents time series data from 2019 to 2025.

GDP Current Prices

Somalia’s economy continued to grow in 2025, with GDP at purchasers’ prices increasing from US$12.3 billion in 2024 to US$13.2 billion. Growth was supported by higher household consumption, government expenditure, and investment in fixed assets. Exports of goods and services also increased, contributing to overall economic activity. GDP per capita rose from US$761 to US$793, while GNI and GNDI reached US$13.5 billion and US$17.3 billion, respectively.

GDP Shares

Household final consumption remained the largest component of GDP by expenditure, accounting for over 123 percent of GDP in 2025. Gross fixed capital formation and exports represented 22.4 percent and 20.3 percent of GDP, respectively, reflecting continued investment and export activity. Imports amounted to 74.7 percent of GDP, while government final consumption accounted for 8.8 percent.

GDP Growth Rate

Real GDP growth was estimated at 3.1 percent in 2025, following growth of 4.0 percent in 2024. Economic growth was supported by increases in household consumption, government expenditure, and gross fixed capital formation. Export growth moderated in 2025, while investment and domestic demand continued to contribute positively to economic activity.

GDP Real

Somalia’s GDP increased from US$11.2 billion in 2024 to US$11.5 billion in 2025, reflecting continued growth in real economic activity. Growth was supported by increases in household consumption, government expenditure, investment, and exports of goods and services. Gross national expenditure also rose to US$18.3 billion in 2025, indicating sustained domestic demand and economic expansion.

The annual Gross Domestic Product (GDP) statistics are key indicators of Somalia’s economy and its growth in recent years, providing estimates of expenditure levels and growth across the economy. Much effort has been made to secure new sources of data and improve the quality of data from existing sources, the estimates presented in this report were compiled to the best extent in accordance with the System of National Accounts, (SNA 2008). The 2008 SNA is the internationally agreed standard set of recommendations to compile measures of economic activity in accordance with strict accounting conventions based on economic principles. The accounting framework of the SNA allows economic data to be compiled and presented in a format that is designed for purposes of economic analysis, decision-making, policy formulation, and international comparisons using standard definitions and classifications.

The use of the expenditure approach in the constant 2022 prices dataset is one of the first steps towards transforming the data collected via the Somalia Integrated Household Budget Survey. The National Accounts estimate in this report summarizes the latest economic developments of 2023. This publication shows time series data of 2018-2023. The base year for the Somalia’s National Accounts have been updated from 2017 to 2022.

The annual Gross Domestic Product (GDP) statistics are key indicators of Somalia’s economy and its growth in recent years, providing estimates of expenditure levels and growth across the economy. Much effort has been made to secure new sources of data and improve the quality of data from existing sources, the estimates presented in this report were compiled as far as possible in accordance with the System of National Accounts, (SNA 2008). The 2008 SNA is the internationally agreed standard set of recommendations to compile measures of economic activity in accordance with strict accounting conventions based on economic principles. The accounting framework of the SNA allows economic data to be compiled and presented in a format that is designed for purposes of economic analysis, decision-making, policy formulation, and international comparisons using standard definitions and classifications.

The use of the expenditure approach in the constant 2022 prices dataset is one of the first steps towards transforming the data collected via the Somalia Integrated Household Budget Survey. The national accounts estimate in this report summarize the latest economic developments of 2022. This publication shows time series data of 2016-2022. The base year for the Somalia’s national accounts have been updated from 2016 to 2022.

The annual Gross Domestic Product (GDP) statistics are key indicators of Somalia’s economy and its growth in recent years, providing estimates of expenditure levels and growth across the economy. While much effort has been made to secure new sources of data and improve the quality of data from existing sources, the estimates presented in this report were compiled as far as possible in accordance with the System of National Accounts, (SNA 2008).

Somalia’s real GDP increased by 2.9 percent in 2021 compared with a decrease of -0.3 percent in 2020. This reflects the Somalia’s partial emergence from the COVID-19 pandemic’s shock in 2020, with larger increases in per capita consumption of non-food products (relative to food) underpinning this result.