Somalia economic expansion slows to 4.1pc

Maka Al Mukarama Road in Hodan district of Mogadishu, Somalia on June 5, 2025. The economy grew by 4.1 percent in 2024.

Photo credit: Reuters

Somalia’s gross domestic product (GDP) fell slightly to 4.1 percent in 2024, down from 4.2 percent in 2023, the national statistics bureau has said.

GDP per capita in current prices rose to $737 in 2024, from $694 in 2023, the Somali National Bureau of Statistics (SNBS) said in its 2024 GDP report released Sunday.