Skip to main content

Laboratoire de la finance africaine


Aperçu 2024
Annual current GDP growth (%) : 3.2
GDP (USD billions) : 5.888
Population (Thousands) : 15.931 
Economic performance and outlook

In 2020, Somalia's economy emerged from recession and recorded an estimated 2.0 percent GDP growth in 2021. Inflation rose to an estimated 4.6 percent in 2021 from 4.3 percent in 2020. Private investment remained resilient, despite the slight decline in FDI to 9.2 percent of GDP in 2021, from 9.4 percent in 2020. The current account deficit has widened to 10.8 percent of GDP in 2021, up from 10.4 percent in 2020. Due to political uncertainty, the monetary reform program has stalled, hampering much-needed monetary policy measures given the widespread dollarization and counterfeiting of the currency. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)