Somalia GDP

The Gross Domestic Product (GDP) in Somalia was worth 1.07 billion US dollars in 2010. The GDP value of Somalia represents less than 0.01 percent of the world economy. GDP in Somalia is reported by the AFDB. From 1960 until 2010, Somalia GDP averaged 1.0 USD Billion reaching an all time high of 2.6 USD Billion in December of 2008 and a record low of 0.2 USD Billion in December of 1960. 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. This page provides - Somalia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.07 2.01 2.60 0.18 -2.08 | 2014/06 1960 - 2010 USD Billion Yearly

TO

Somalia GDP
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 1.07 2010-12-31 2.01 2.60 0.18 -2.08 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 2.60 2012-12-31 2.60 30.07 -21.00 2.60 2013-12-31 Percent [+]
Gdp Per Capita Ppp 547.32 2010-12-31 535.96 547.32 186.02 572.77 2014-06-30 USD [+]
GDP per capita 187.00 2010-12-31 299.00 299.00 9.00 -50.35 2014-06-30 USD [+]
[+]


GDP | Notes
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output. GDP can be defined in three ways, which should give identical results. First, it is equal to the total expenditures for all final goods and services produced within the country in a specified period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production by all the industries, plus taxes and minus subsidies on products. Third, it is equal to the sum of the income generated by production like compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.


RELATED NEWS

Somalia Sales Tax Rate at 10.00 Percent  
The Sales Tax Rate in Somalia stands at 10 percent. Sales Tax Rate in Somalia is reported by the Ministry of Finance and Planning.
Somalia Balance of Trade at -740.00 USD Million  
Somalia recorded a trade deficit of 740 USD Million in 2010.
Somalia Inflation Rate at -2.41 Percent  
The inflation rate in Somalia was recorded at -2.41 percent in 2012.
Somalia Population at 10.20 Million  
The total population in Somalia was last recorded at 10.2 million people in 2012 from 2.8 million in 1960, changing 270 percent during the last 50 years. Population in Somalia is reported by the World Bank.
Somalia GDP Annual Growth Rate at 2.60 Percent  
The Gross Domestic Product (GDP) in Somalia expanded 2.60 percent in 2012 from the previous year.
Somalia | Credit Rating at 15.00  
This page displays the sovereign debt credit rating as reported by the major credit rating agencies for Somalia.
Somalia GDP at 1.07 USD Billion  
The Gross Domestic Product (GDP) in Somalia was worth 1.07 billion US dollars in 2010. The GDP value of Somalia represents less than 0.01 percent of the world economy. GDP in Somalia is reported by the AFDB.
Somalia Exports at 520.00 USD Million  
Exports in Somalia increased to 520 million USD in 2010 from 345.60 million USD in 2009. Exports in Somalia is reported by the AFDB.
Somalia Imports at 1260.00 USD Million  
Imports in Somalia increased to 1260 in December of 2010 from 1021 in December of 2009.
Somalia GDP per capita at 187.00 USD  
The Gross Domestic Product per capita in Somalia was last recorded at 187 US dollars in 2010. The GDP per Capita in Somalia is equivalent to 2 percent of the worlds average.
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