Somalia, Fed. Rep.: Exports of goods and services (% of GDP)
In , Somalia, Fed. Rep.'s Exports of goods and services (% of GDP) was 31.21.
That's up 42.3% from 2023, the highest value on record.
The global average for this indicator in 2024 was 44.26 . Somalia, Fed. Rep. ranks #98 globally out of 160 reporting countries. Within Sub-Saharan Africa, it ranks #17 of 39.
Source: World Bank Open Data (NE.EXP.GNFS.ZS) • Data as of 2024
Trend (2012–2024)
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 31.21
- Trough
- 13.05
- 1-year change
- +42.3%
- 5-year change
- +138.9%
- +19.0% / yr
- 10-year change
- +62.9%
- +5.0% / yr
Historical Data — Last 10 Years
| Year | Exports of goods and services (% of GDP) |
|---|---|
| 31.2108 | |
| 21.9383 | |
| 17.6811 | |
| 16.1552 | |
| 13.6532 | |
| 13.0661 | |
| 14.2131 | |
| 13.0465 | |
| 16.1360 | |
| 16.8716 |
About Exports of goods and services (% of GDP)
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.EXP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Somalia, Fed. Rep.'s Exports of goods and services (% of GDP) in 2024?
- In 2024, Somalia, Fed. Rep.'s Exports of goods and services (% of GDP) was 31.21, according to World Bank Open Data.
- Is Somalia, Fed. Rep.'s Exports of goods and services (% of GDP) rising or falling?
- Somalia, Fed. Rep.'s Exports of goods and services (% of GDP) rose 42.3% from 2023 to 2024.
- How does Somalia, Fed. Rep. rank globally on Exports of goods and services (% of GDP)?
- In 2024, Somalia, Fed. Rep. ranked #98 out of 160 countries reporting Exports of goods and services (% of GDP).
- How does Somalia, Fed. Rep.'s Exports of goods and services (% of GDP) compare to the world average?
- The global average for Exports of goods and services (% of GDP) in 2024 was 44.26, so Somalia, Fed. Rep. is below the world average. Within Sub-Saharan Africa, it ranks #17 of 39.
- What is Exports of goods and services (% of GDP) and how is it measured?
- Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.EXP.GNFS.ZS), CC BY 4.0.