The Gross Domestic Product (GDP) in Somalia expanded 2.90 percent in 2019 from the previous year. source: AFDB
GDP Annual Growth Rate in Somalia averaged 1.62 percent from 1961 until 2019, reaching an all time high of 14.88 percent in 1972 and a record low of -21 percent in 1994. This page provides - Somalia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Somalia GDP Annual Growth Rate - values, historical data and charts - was last updated on January of 2021.
GDP Annual Growth Rate in Somalia is expected to reach -3.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Somalia GDP Annual Growth Rate is projected to trend around 2.70 percent in 2021 and 3.00 percent in 2022, according to our econometric models.