Real GDP growth (IMF) — all countries

Real GDP growth (IMF) — Somalia

Real GDP growth (IMF) in Somalia in 2031 — 4.2%. Ranked 47 in the world out of 189. Since 2012, the indicator has risen by 3 pp.

2031 4.2% +0.1 pp vs 2030
World rank 47of 189
Period maximum 9.5%2017
Period minimum -2.8%2020

Trend over time

2012–2031 · % per year

Real GDP growth (IMF) — Somalia, 2012–2031-50510201220142016201820202022202420262028203020312012: 1.2%2013: 5.7%2014: 2.7%2015: 4.6%2016: -1.3%2017: 9.5%2018: 1.4%2019: 2.8%2020: -2.8%2021: 3.5%2022: 2.7%2023: 4.2%2024: 4.1%2025: 3%2026: 2.6%2027: 3.1%2028: 3.6%2029: 4%2030: 4.1%2031: 4.2%
Change over the period: +3 pp Annual average: 0.16 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Somalia

Somalia 4.2%
World computed 2.48%
Sub-Saharan Africa computed 4.61%
Eastern Africa computed 6.05%
Low-income countries computed 5.83%
Real GDP growth (IMF) — Somalia, by year Somalia All countries CSV XLSX
Year % Change, pp
2031 4.2 +0.1 pp
2030 4.1 +0.1 pp
2029 4 +0.4 pp
2028 3.6 +0.5 pp
2027 3.1 +0.5 pp
2026 2.6 −0.4 pp
2025 3 −1.1 pp
2024 4.1 −0.1 pp
2023 4.2 +1.5 pp
2022 2.7 −0.8 pp
2021 3.5 +6.3 pp
2020 -2.8 −5.6 pp
2019 2.8 +1.4 pp
2018 1.4 −8.1 pp
2017 9.5 +10.8 pp
2016 -1.3 −5.9 pp
2015 4.6 +1.9 pp
2014 2.7 −3 pp
2013 5.7 +4.5 pp
2012 1.2

About the indicator

The annual growth rate of GDP in constant prices from the IMF World Economic Outlook database. It is the main reference point for judging the prospects of economies: these are the figures quoted as the IMF growth forecast. Values for past years are actuals from the national accounts; those for the current and future years are estimates and projections.

Important: The projection years are revised twice a year, and the divergence from the eventual actuals can be substantial for commodity economies.

Source: World Economic Outlook (IMF), license IMF open data.