Key data points
Last release
—
Observation period
2024
Next release
—
Forecast
—
Highest
12.11 B USD on Dec 31, 2024
Lowest
0.00 USD on Dec 31, 2012
About Somalia GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
Related indicators
Frequently Asked Questions
One of the ways to count Somalia GDP is to add up its consumer spending, business investment, government spending, and net exports.
In 2024 Somalia GDP was 12.11 B USD, and the year before it reached 10.97 B USD.
Somalia GDP accounts for 0.01% of the world GDP.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
The highest figure Somalia GDP has ever reached is 12.11 B USD.
The lowest ever value Somalia GDP has reached is USD.