Somalia 2016
Detailed economic analysis and indicators for 2016
Key Economic Indicators (2016)
GDP (Current USD)
$6.61 billion
↑ 7.50% vs 2015GDP per Capita
$460.93
↑ 3.44% vs 2015GDP Growth (Annual %)
7.03%
↓ 3.43pp vs 2015Inflation Rate (CPI %)
N/A
Year-over-Year Comparison
| Indicator | 2015 | 2016 | Change |
|---|---|---|---|
| GDP (Current USD) | $6.15 billion | $6.61 billion | +7.50% |
| GDP per Capita | $445.58 | $460.93 | +3.44% |
| GDP Growth (Annual %) | 10.46% | 7.03% | -3.43pp |
| Inflation (CPI %) | N/A | N/A | N/A |
| Unemployment Rate (%) | 18.60% | 18.58% | -0.02pp |
All Economic Indicators (2016)
National Accounts
- GDP (Current USD)
- $6.61 billion
- GDP per Capita
- $460.93
- GDP Growth (Annual %)
- 7.03%
- Gross National Income
- $6.58 billion
Prices & Employment
- Inflation (CPI %)
- N/A
- Inflation (GDP Deflator %)
- 4.08%
- Unemployment Rate (%)
- 18.58%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2016, Somalia's Gross Domestic Product (GDP) is $6.61 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Somalia for 2016 is $460.93. GDP per capita is calculated by dividing the country's GDP by its population.
Somalia's annual GDP growth rate for 2016 is 7.03%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Somalia for 2016 is 18.58%. This represents the percentage of the labor force that is unemployed and actively seeking employment.