Somalia | Economic Forecasts | 2017-2020 Outlook

This page has economic forecasts for Somalia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Somalia economy.


MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 547.00 554 560 576 571 659 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 2.70 1.98 2.07 2.12 2.12 4.16 percent [+]
GDP 5.93 5.94 5.75 6.8 5.8 9.88 USD Billion [+]
GDP per capita 187.00 230 206 182 184 225 USD [+]
GDP Per Capita Ppp 547.32 541 543 546 546 547 USD [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Population 10.79 10.93 11 11.07 11.07 12.2 Million [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate -3.50 -1 -1 -1 -1.24 1.5 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -1473.48 -1437 -1425 -1414 -1414 -2136 USD Million [+]
Exports 533.12 531 488 446 415 348 USD Million [+]
Imports 2006.60 1811 1679 1548 1485 1968 USD Million [+]
Terrorism Index 7.55 7.69 7.72 7.76 7.72 7.62 [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corruption Index 10.00 10 11 12 12 16 Points [+]
Corruption Rank 176.00 167 165 163 163 166 [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Sales Tax Rate 10.00 10 10 10 10 10 percent [+]