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Trading Basics

Somalia

World Bank name: Somalia, Fed. Rep.

Capital
Mogadishu
Region
Sub-Saharan Africa
Income group
Low income
Population
19.7 million (2025)

At a glance

  • Somalia's economy grew 3.0% in 2025, close to the middle of the range worldwide.
  • Output per person in Somalia was US$661 in 2025, lower than in most countries.
  • 19.0% of Somalia's labour force had no job in 2025, a higher share than in most countries.
  • Somalia's central government owed 12.7% of GDP in 2024, less than in most countries with data.
  • Somalia had 19.7 million people in 2025: about 0.2% of everyone on Earth, the 66th largest population of 217 countries and territories.

Real GDP, change over the year

3.0%
World median 3.4%

Since 2000

Show the numbers
Economic growth in Somalia and the world median, last ten years
YearSomaliaWorld median
20253.0%3.4%
20244.1%3.4%
20234.2%3.2%
20222.7%4.3%
20213.5%5.1%
2020−2.8%−3.8%
20192.8%2.8%
20182.1%3.2%
201714.7%3.3%
20167.0%3.1%

GDP divided by population, in US dollars at current prices

US$661
World median US$7,882

Since 2000

Show the numbers
GDP per person in Somalia and the world median, last ten years
YearSomaliaWorld median
2025US$661US$7,882
2024US$630US$7,853
2023US$597US$7,862
2022US$573US$7,656
2021US$549US$7,269
2020US$518US$6,433
2019US$540US$7,037
2018US$509US$6,978
2017US$511US$6,548
2016US$461US$5,982

Share of the labour force without a job (ILO modelled estimate)

19.0%
World median 5.1%

Since 2000

Show the numbers
Unemployment in Somalia and the world median, last ten years
YearSomaliaWorld median
202519.0%5.1%
202419.0%5.1%
202319.0%5.2%
202219.1%5.3%
202119.7%6.0%
202019.4%6.4%
201918.8%5.4%
201818.7%5.4%
201718.5%5.6%
201618.6%5.9%

Central government debt, % of GDP

12.7%
World median 53.2%

Since 2021

Show the numbers
Government debt in Somalia and the world median, last ten years
YearSomaliaWorld median
202412.7%53.2%
202243.4%55.6%
202147.3%58.8%

Everyone living in the country, mid-year

19.7 million

Since 2000

Show the numbers
Population in Somalia and the world median, last ten years
YearSomalia
202519.7 million
202419.0 million
202318.4 million
202217.8 million
202117.3 million
202016.7 million
201916.0 million
201815.5 million
201714.9 million
201614.3 million

No recent World Bank figure for Somalia: inflation, current account balance.

About these figures

All numbers are yearly. The world median is the middle value of all countries with a figure for the same year: half of them are above it and half below. Sparklines show Somalia since 2000 or since its first figure.

Source: World Bank, World Development Indicators (CC BY 4.0), updated 2026-10-08. Original sources: Economic growth: national statistical offices and central banks, OECD national accounts, and World Bank staff estimates; GDP per person: national statistical offices and central banks, OECD national accounts, and World Bank staff estimates; Unemployment: International Labour Organization, ILO modelled estimates (ILOSTAT); Government debt: International Monetary Fund, Government Finance Statistics; Population: United Nations Population Division (World Population Prospects) and national statistical offices. Yearly figures; recent years are often revised. All sources and terms.