Somalia - Economic Forecasts - 2018-2020 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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 575.00
575 575 575 575 575
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 2.40
percent
2.92 2.3 2.97 2.85 4.16
GDP 7.37
USD Billion
8 8 9 9 10
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Population 14.74
Million
14.9 14.9 15.3 15.3 15.7
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate -3.60
percent
2 2 3.5 3.5 4.5
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -2148.66
USD Million
-2149 -2202 -2174 -2202 -2247
Exports 257.45
USD Million
256 138 123 109 41.83
Imports 2406.11
USD Million
2404 2283 2297 2311 2288
Terrorism Index 7.65
7.53 7.45 7.46 7.47 7.39
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 2433.71
KBps
2538 2518 2512 2544 2528
IP Addresses 1487.00
IP
1558 1570 1587 1597 1654
Ease of Doing Business 190.00
190 190 190 190 190
Corruption Index 9.00
Points
9 9 9 9 8
Corruption Rank 180.00
178 177 176 176 170
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Sales Tax Rate 10.00
percent
10 10 10 10 10
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 7.17
mm
12.26 30.05 6.52 27.16 23.05
Temperature 26.12
celsius
27.5 25.94 26.31 27.5 27.54