Somalia, Fed. Rep.: GDP per capita (current US$)
In , Somalia, Fed. Rep.'s GDP per capita (current US$) was 629.54.
That's up 5.5% from 2023, the highest value on record.
The global average for this indicator in 2024 was 21,312.22 . Somalia, Fed. Rep. ranks #188 globally out of 192 reporting countries. Within Sub-Saharan Africa, it ranks #42 of 46.
Source: World Bank Open Data (NY.GDP.PCAP.CD) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 629.54
- Trough
- 219.20
- 1-year change
- +5.5%
- 5-year change
- +16.6%
- +3.1% / yr
- 10-year change
- +46.6%
- +3.9% / yr
Real vs nominal growth
Over the last 10 years, Somalia, Fed. Rep.'s nominal GDP per capita (current US$) changed by +46.6%, while real (inflation-adjusted) GDP per capita (constant 2015 US$) changed by +11.9%. The +34.7 percentage-point gap is the combined effect of inflation and currency movement — only the real series isolates underlying economic growth.
Historical Data — Last 10 Years
| Year | GDP per capita (current US$) |
|---|---|
| 629.5389 | |
| 596.8860 | |
| 573.1412 | |
| 549.0570 | |
| 518.1611 | |
| 539.9548 | |
| 509.4973 | |
| 510.9400 | |
| 460.9285 | |
| 445.5831 |
About GDP per capita (current US$)
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Indicator code: NY.GDP.PCAP.CD • Category: Economy
Frequently asked questions
- What was Somalia, Fed. Rep.'s GDP per capita (current US$) in 2024?
- In 2024, Somalia, Fed. Rep.'s GDP per capita (current US$) was 629.54, according to World Bank Open Data.
- Is Somalia, Fed. Rep.'s GDP per capita (current US$) rising or falling?
- Somalia, Fed. Rep.'s GDP per capita (current US$) rose 5.5% from 2023 to 2024.
- How does Somalia, Fed. Rep. rank globally on GDP per capita (current US$)?
- In 2024, Somalia, Fed. Rep. ranked #188 out of 192 countries reporting GDP per capita (current US$).
- How does Somalia, Fed. Rep.'s GDP per capita (current US$) compare to the world average?
- The global average for GDP per capita (current US$) in 2024 was 21,312.22, so Somalia, Fed. Rep. is below the world average. Within Sub-Saharan Africa, it ranks #42 of 46.
- What is GDP per capita (current US$) and how is it measured?
- Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Source: World Bank Open Data (NY.GDP.PCAP.CD), CC BY 4.0.