Skip to main content
Home › Countries › Somalia, Fed. Rep. › Trade (% of GDP)

Somalia, Fed. Rep.: Trade (% of GDP)

In , Somalia, Fed. Rep.'s Trade (% of GDP) was 130.33.

That's up 26.4% from 2023, the highest value on record.

The global average for this indicator in 2024 was 92.19 . Somalia, Fed. Rep. ranks #35 globally out of 160 reporting countries. Within Sub-Saharan Africa, it ranks #3 of 39.

Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024

Trend (2012–2024)

Somalia, Fed. Rep. Trade (% of GDP) trend 2020: COVID-19 pandemic 2014: Oil price collapse 2022: Russia–Ukraine war begins
  • 2020 · COVID-19 pandemic
  • 2014 · Oil price collapse
  • 2022 · Russia–Ukraine war begins

Highlights

Peak
130.33
Trough
68.68
1-year change
+26.4%
5-year change
+85.4%
+13.1% / yr
10-year change
+59.5%
+4.8% / yr

Historical Data — Last 10 Years

Year Trade (% of GDP)
130.3251
103.1210
90.7576
79.0994
75.6954
70.2981
73.8219
68.6756
74.3616
76.4793

About Trade (% of GDP)

Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS • Category: Economy

Frequently asked questions

What was Somalia, Fed. Rep.'s Trade (% of GDP) in 2024?
In 2024, Somalia, Fed. Rep.'s Trade (% of GDP) was 130.33, according to World Bank Open Data.
Is Somalia, Fed. Rep.'s Trade (% of GDP) rising or falling?
Somalia, Fed. Rep.'s Trade (% of GDP) rose 26.4% from 2023 to 2024.
How does Somalia, Fed. Rep. rank globally on Trade (% of GDP)?
In 2024, Somalia, Fed. Rep. ranked #35 out of 160 countries reporting Trade (% of GDP).
How does Somalia, Fed. Rep.'s Trade (% of GDP) compare to the world average?
The global average for Trade (% of GDP) in 2024 was 92.19, so Somalia, Fed. Rep. is above the world average. Within Sub-Saharan Africa, it ranks #3 of 39.
What is Trade (% of GDP) and how is it measured?
Trade is the sum of exports and imports of goods and services. 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.
Download this data: CSV JSON

Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.