In 2023, Somalia witnessed an increase in its Nominal GDP, rising to 11.68 billion dollars, and an increase in its GDP based on Purchasing Power Parity (PPP), which reached 29.23 international billion dollars as per the World Bank's estimates.
Relatedly, in the preceding year of 2022, Somalia has Nominal GDP stood at 10.42 billion dollars, while the GDP based on PPP was 27.36 international billion dollars.
The net change in Somalia's GDP (Nominal) in 2023 increased by 1.26 billion dollars(10.79%), and GDP (PPP) increased by 1.87 international billion dollars(6.40%).
Source: worldbank Nominal PPP| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.18 | - | - | - | - | - |
| 1961 | 0.19 | 0.01 | 5.26 % | - | - | - |
| 1962 | 0.20 | 0.01 | 5.00 % | - | - | - |
| 1963 | 0.22 | 0.02 | 9.09 % | - | - | - |
| 1964 | 0.23 | 0.01 | 4.35 % | - | - | - |
| 1965 | 0.24 | 0.01 | 4.17 % | - | - | - |
| 1966 | 0.26 | 0.02 | 7.69 % | - | - | - |
| 1967 | 0.27 | 0.01 | 3.70 % | - | - | - |
| 1968 | 0.29 | 0.02 | 6.90 % | - | - | - |
| 1969 | 0.31 | 0.02 | 6.45 % | - | - | - |
| 1970 | 0.35 | 0.04 | 11.43 % | - | - | - |
| 1971 | 0.35 | 0.00 | 0.00 % | - | - | - |
| 1972 | 0.45 | 0.10 | 22.22 % | - | - | - |
| 1973 | 0.48 | 0.03 | 6.25 % | - | - | - |
| 1974 | 0.57 | 0.09 | 15.79 % | - | - | - |
| 1975 | 0.76 | 0.19 | 25.00 % | - | - | - |
| 1976 | 0.87 | 0.11 | 12.64 % | - | - | - |
| 1977 | 0.50 | -0.37 | -74.00 % | - | - | - |
| 1978 | 0.56 | 0.06 | 10.71 % | - | - | - |
| 1979 | 0.59 | 0.03 | 5.08 % | - | - | - |
| 1980 | 0.60 | 0.01 | 1.67 % | - | - | - |
| 1981 | 0.70 | 0.10 | 14.29 % | - | - | - |
| 1982 | 0.77 | 0.07 | 9.09 % | - | - | - |
| 1983 | 0.74 | -0.03 | -4.05 % | - | - | - |
| 1984 | 0.79 | 0.05 | 6.33 % | - | - | - |
| 1985 | 0.88 | 0.09 | 10.23 % | - | - | - |
| 1986 | 0.92 | 0.04 | 4.35 % | - | - | - |
| 1987 | 1.02 | 0.10 | 9.80 % | - | - | - |
| 1988 | 1.05 | 0.03 | 2.86 % | - | - | - |
| 1989 | 1.18 | 0.13 | 11.02 % | - | - | - |
| 1990 | 1.03 | -0.15 | -14.56 % | 3.00 | - | - |
| 1991 | 0.72 | -0.31 | -43.06 % | 3.20 | 0.20 | 6.25 % |
| 1992 | 0.71 | -0.01 | -1.41 % | 2.99 | -0.21 | -7.02 % |
| 1993 | 1.26 | 0.55 | 43.65 % | 3.18 | 0.19 | 5.97 % |
| 1994 | 1.48 | 0.22 | 14.86 % | 2.67 | -0.51 | -19.10 % |
| 1995 | 1.53 | 0.05 | 3.27 % | 2.84 | 0.17 | 5.99 % |
| 1996 | 1.79 | 0.26 | 14.53 % | 3.12 | 0.28 | 8.97 % |
| 1997 | 2.19 | 0.40 | 18.26 % | 3.21 | 0.09 | 2.80 % |
| 1998 | 2.96 | 0.77 | 26.01 % | 3.46 | 0.25 | 7.23 % |
| 1999 | 3.05 | 0.09 | 2.95 % | 3.77 | 0.31 | 8.22 % |
| 2000 | 3.41 | 0.36 | 10.56 % | 4.13 | 0.36 | 8.72 % |
| 2001 | 2.25 | -1.16 | -51.56 % | 4.52 | 0.39 | 8.63 % |
| 2002 | 2.19 | -0.06 | -2.74 % | 4.94 | 0.42 | 8.50 % |
| 2003 | 2.84 | 0.65 | 22.89 % | 5.42 | 0.48 | 8.86 % |
| 2004 | 3.86 | 1.02 | 26.42 % | 5.97 | 0.55 | 9.21 % |
| 2005 | 4.68 | 0.82 | 17.52 % | 6.59 | 0.62 | 9.41 % |
| 2006 | 5.03 | 0.35 | 6.96 % | 7.23 | 0.64 | 8.85 % |
| 2007 | 5.43 | 0.40 | 7.37 % | 7.93 | 0.70 | 8.83 % |
| 2008 | 5.91 | 0.48 | 8.12 % | 8.62 | 0.69 | 8.00 % |
| 2009 | 2.95 | -2.96 | -100.34 % | 9.26 | 0.64 | 6.91 % |
| 2010 | 2.69 | -0.26 | -9.67 % | 9.99 | 0.73 | 7.31 % |
| 2011 | 2.91 | 0.22 | 7.56 % | 10.88 | 0.89 | 8.18 % |
| 2012 | 4.04 | 1.13 | 27.97 % | 11.57 | 0.69 | 5.96 % |
| 2013 | 5.84 | 1.80 | 30.82 % | 14.01 | 2.44 | 17.42 % |
| 2014 | 6.54 | 0.70 | 10.70 % | 17.17 | 3.16 | 18.40 % |
| 2015 | 6.98 | 0.44 | 6.30 % | 21.03 | 3.86 | 18.35 % |
| 2016 | 7.39 | 0.41 | 5.55 % | 23.55 | 2.52 | 10.70 % |
| 2017 | 8.25 | 0.86 | 10.42 % | 25.79 | 2.24 | 8.69 % |
| 2018 | 8.28 | 0.03 | 0.36 % | 25.21 | -0.58 | -2.30 % |
| 2019 | 9.42 | 1.14 | 12.10 % | 27.01 | 1.80 | 6.66 % |
| 2020 | 9.20 | -0.22 | -2.39 % | 25.83 | -1.18 | -4.57 % |
| 2021 | 9.84 | 0.64 | 6.50 % | 24.95 | -0.88 | -3.53 % |
| 2022 | 10.42 | 0.58 | 5.57 % | 27.36 | 2.41 | 8.81 % |
| 2023 | 11.68 | 1.26 | 10.79 % | 29.23 | 1.87 | 6.40 % |