Somalia, Fed. Rep.: GNI (current US$)
In , Somalia, Fed. Rep.'s GNI (current US$) was $12.21 billion.
That's up 9.3% from 2023, the highest value on record.
The global average for this indicator in 2024 was $577.49 billion . Somalia, Fed. Rep. ranks #143 globally out of 190 reporting countries. Within Sub-Saharan Africa, it ranks #30 of 46.
Source: World Bank Open Data (NY.GNP.MKTP.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
- $12.21B
- Trough
- $2.66B
- 1-year change
- +9.3%
- 5-year change
- +41.7%
- +7.2% / yr
- 10-year change
- +114.3%
- +7.9% / yr
Historical Data — Last 10 Years
| Year | GNI (current US$) |
|---|---|
| 12.210B | |
| 11.167B | |
| 10.164B | |
| 9.444B | |
| 8.591B | |
| 8.619B | |
| 7.839B | |
| 7.589B | |
| 6.583B | |
| 6.123B |
About GNI (current US$)
Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Indicator code: NY.GNP.MKTP.CD • Category: Economy
Frequently asked questions
- What was Somalia, Fed. Rep.'s GNI (current US$) in 2024?
- In 2024, Somalia, Fed. Rep.'s GNI (current US$) was $12.21 billion, according to World Bank Open Data.
- Is Somalia, Fed. Rep.'s GNI (current US$) rising or falling?
- Somalia, Fed. Rep.'s GNI (current US$) rose 9.3% from 2023 to 2024.
- How does Somalia, Fed. Rep. rank globally on GNI (current US$)?
- In 2024, Somalia, Fed. Rep. ranked #143 out of 190 countries reporting GNI (current US$).
- How does Somalia, Fed. Rep.'s GNI (current US$) compare to the world average?
- The global average for GNI (current US$) in 2024 was $577.49 billion, so Somalia, Fed. Rep. is below the world average. Within Sub-Saharan Africa, it ranks #30 of 46.
- What is GNI (current US$) and how is it measured?
- Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. 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.GNP.MKTP.CD), CC BY 4.0.