Somalia 2020
Detailed economic analysis and indicators for 2020
Key Economic Indicators (2020)
GDP (Current USD)
$8.63 billion
↓ 0.31% vs 2019GDP per Capita
$518.18
↓ 4.02% vs 2019GDP Growth (Annual %)
-2.75%
↓ 5.58pp vs 2019Inflation Rate (CPI %)
N/A
Year-over-Year Comparison
| Indicator | 2019 | 2020 | Change |
|---|---|---|---|
| GDP (Current USD) | $8.66 billion | $8.63 billion | -0.31% |
| GDP per Capita | $539.89 | $518.18 | -4.02% |
| GDP Growth (Annual %) | 2.82% | -2.75% | -5.58pp |
| Inflation (CPI %) | N/A | N/A | N/A |
| Unemployment Rate (%) | 18.83% | 19.41% | +0.59pp |
All Economic Indicators (2020)
National Accounts
- GDP (Current USD)
- $8.63 billion
- GDP per Capita
- $518.18
- GDP Growth (Annual %)
- -2.75%
- Gross National Income
- $8.59 billion
Prices & Employment
- Inflation (CPI %)
- N/A
- Inflation (GDP Deflator %)
- 5.37%
- Unemployment Rate (%)
- 19.41%
- 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 2020, Somalia's Gross Domestic Product (GDP) is $8.63 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Somalia for 2020 is $518.18. GDP per capita is calculated by dividing the country's GDP by its population.
Somalia's annual GDP growth rate for 2020 is -2.75%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Somalia for 2020 is 19.41%. This represents the percentage of the labor force that is unemployed and actively seeking employment.