Markets Actual Q1 Q2 Q3 Q4 2020
Currency 575.00 575 575 575 575 575
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 2.90 3.1 3.1 3.1 3.1 3.3
Inflation Rate (%) 3.13 4.8 5.3 5 5 4
Balance of Trade (USD Million) -2852.50 -2202 -2278 -2278 -2240 -2278
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 2.90 3.1 3.1 3.1 3.1 3.3
GDP (USD Billion) 7.48 8.45 8.45 8.45 8.45 9
Labour Actual Q1 Q2 Q3 Q4 2020
Population (Million) 15.01 15.7 15.7 15.7 15.85 16.27
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 3.13 4.8 5.3 5 5 4
Food Inflation (%) 3.80 3.4 5 6.5 7 6.5
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) -2852.50 -2202 -2278 -2278 -2240 -2278
Imports (USD Million) 3197.73 2311 2332 2332 2332 2332
Exports (USD Million) 345.20 109 54.37 54.37 54.37 54.37
Taxes Actual Q1 Q2 Q3 Q4 2020
Sales Tax Rate (%) 10.00 10 10 10 10 10


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.