Somalia 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$10.97 billion
↑ 7.51% vs 2022GDP per Capita
$597.46
↑ 4.25% vs 2022GDP Growth (Annual %)
4.22%
↑ 1.49pp vs 2022Inflation Rate (CPI %)
N/A
Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $10.20 billion | $10.97 billion | +7.51% |
| GDP per Capita | $573.13 | $597.46 | +4.25% |
| GDP Growth (Annual %) | 2.73% | 4.22% | +1.49pp |
| Inflation (CPI %) | N/A | N/A | N/A |
| Unemployment Rate (%) | 19.05% | 18.94% | -0.11pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $10.97 billion
- GDP per Capita
- $597.46
- GDP Growth (Annual %)
- 4.22%
- Gross National Income
- $10.92 billion
Prices & Employment
- Inflation (CPI %)
- N/A
- Inflation (GDP Deflator %)
- 4.57%
- Unemployment Rate (%)
- 18.94%
- 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 2023, Somalia's Gross Domestic Product (GDP) is $10.97 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Somalia for 2023 is $597.46. GDP per capita is calculated by dividing the country's GDP by its population.
Somalia's annual GDP growth rate for 2023 is 4.22%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Somalia for 2023 is 18.94%. This represents the percentage of the labor force that is unemployed and actively seeking employment.