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Laboratoire de la finance africaine

Somalia

Preview 2018
Projected Real GDP Growth (% Change) : 2.9
GDP (current, USD Bn) : 4.70
Projected Consumer Prices (% Change) : 4.4
Country Population : 11.1
Economic performance and outlook

The economy grew by an estimated 2.9% in 2019, up from 2.8% in 2018. The rebound is mainly due to recovery in agriculture and strong consumer demand. Inflation peaked at 5.1% in 2018 and declined to an estimated 4.4% in 2019 as food prices adjusted downward. The government budget remained in balance—given the restrictions on new public borrowing under staff monitored programs (SMPs) since 2016 and the need to keep inflation under control.

(Download detailed Analysis Source : Report African Economic Outlook 2020 ; AfDB)