Somalia Trade to GDP Ratio 1960-2024

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.
  • Somalia trade to gdp ratio for 2023 was 94.58%, a 1.26% decline from 2022.
  • Somalia trade to gdp ratio for 2022 was 95.84%, a 13.76% increase from 2021.
  • Somalia trade to gdp ratio for 2021 was 82.08%, a 6.07% increase from 2020.
  • Somalia trade to gdp ratio for 2020 was 76.01%, a 6.44% increase from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Trade (% of GDP)
Sierra Leone 107.75%
Somalia 94.58%
Chad 91.58%
Democratic Republic of Congo 91.26%
Madagascar 71.59%
Senegal 69.44%
Guinea 68.97%
Rwanda 65.98%
Mali 65.98%
Burkina Faso 64.82%
Togo 61.43%
Benin 51.35%
Comoros 47.94%
Guinea-Bissau 46.18%
Central African Republic 43.48%
Nepal 41.64%
Gambia 40.59%
Tanzania 37.77%
Uganda 37.23%
Haiti 30.79%
Niger 30.42%
Burundi 29.59%
Ethiopia 20.59%
Somalia Trade to GDP Ratio - Historical Data
Year Trade (% of GDP) Annual Change
2023 94.58% -1.26%
2022 95.84% 13.76%
2021 82.08% 6.07%
2020 76.01% 6.44%
2019 69.57% -5.82%
2018 75.39% 7.31%
2017 68.08% -3.11%
2016 71.19% -0.76%
2015 71.94% -4.57%
2014 76.51% -0.66%
2013 77.17% 34.90%
1990 42.26% -6.36%
1989 48.62% 21.95%
1988 26.67% -10.90%
1987 37.56% 0.66%
1986 36.90% 11.25%
1985 25.66% -50.09%
1984 75.75% -20.36%
1983 96.11% 2.12%
1982 94.00% 0.83%
1981 93.17% -28.72%
1980 121.88% 21.91%
1979 99.98% 17.97%
1978 82.01% 2.53%
1977 79.48% 48.09%
1976 31.39% -5.56%
1975 36.95% -9.98%
1974 46.92% 4.17%
1973 42.75% 8.98%
1972 33.78% 2.13%
1971 31.65% 5.46%
1970 26.19% -13.45%
1969 39.64% 3.23%
1968 36.41% 0.51%
1967 35.90% -1.63%
1966 37.53% -0.26%
1965 37.79% -8.63%
1964 46.42% 4.57%
1963 41.84% 1.53%
1962 40.31% 1.23%
1961 39.08% 9.22%
1960 29.86% 9.22%