Economy of Somalia. Statistics, Data and Indicators
Somalia
| N/AN/A | Credit rank # |
| N/A | Quality of life # |
| 180 | Corruption rank#165 |
| 190 | Ease of doing business#165 |
Somalia Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 7.63 USD Billion | 2021 |
| GDP Annual Growth Rate | 3 % | 2022 |
| Inflation Rate YoY | 6.2 % | 2023 |
| Balance of Trade | -4609 USD Million | -4.609 B USD | 2021 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 7.63 USD Billion | 2021 |
| GDP Annual Growth Rate | 3 % | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Inflation Rate YoY | 6.2 % | 2023 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Balance of Trade | -4609 USD Million | -4.609 USD Billion | 2021 |
| Exports | 514 USD Million | 0.514 USD Billion | 2021 |
| Imports | 5123 USD Million | 5.123 USD Billion | 2021 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Sales Tax Rate | 10 % | 2023 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 12 index points | 2022 |
| Corruption Rank | 180 place | 2022 |
| Ease of Doing Business | 190 place | 2019 |
