Somalia

  • Key Indicators

    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    

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