Summary Statistics
Region: Eastern Africa
Surface area (sq. km): 637657
Population 2023: 18,143,378
Capital city: Mogadishu
Currency: Somali Shilling (SOS)
Description | 2021 | 2022 | 2023 |
National Accounts | |||
Real GDP Growth (annual percent change) | 2.9 | 1.9 | 3.1 |
GDP (current prices, billions of US$) | 7.63 | 8.42 | 9.02 |
GDP per capita (current prices, $US per capita) | 502.21 | 539.00 | 561.41 |
Inflation rate, average consumer prices (annual % change) | 4.60 | 9.00 | 3.90 |
Trade | |||
Imports in Services (current prices, millions of $US) | |||
Exports in Services (current prices, millions of $US) | |||
Merchandise Imports (current prices, millions of $US) | 1,220 | ||
Merchandise Exports (current prices, millions of $US) | 450 | ||
Gas + Petrol Imports (in thousands of $US) | 22,029 | ||
Gas + Petrol Exports (in thousands of $US) | 96 | ||
BOP (BALANCE OF PAYMENTS) | |||
Current account, balance (billions of $US) | -1.306 | -1.332 | -1.274 |
Current account, balance (% of GDP) | -17.1 | -15.8 | -14.1 |
FINANCE | |||
General government net lending/borrowing (% of GDP) | -1.1 | 0 | -0.3 |
General government gross debt (% of GDP) | |||
EMPLOYMENT & SOCIAL INDICATORS | |||
Population | 17,065,581 | 17,597,511 | 18,143,378 |
Unemployment, total (% of total labor force) | 19.93 |