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THE GLOBAL FINANCIAL WEEKLYOctober 5–11, 2026Vol. 01 · No. 002

AFRICA · COUNTRY REFERENCE

Somalia

UN member stateISO SO / SOMSOS

Written and compiled by American Business Capital Group Inc.

Somalia on the world mapThe highlighted shape or point locates the selected country or entity. Borders are a geographic reference, not a statement on sovereignty.FijiUnited Republic of TanzaniaWestern SaharaCanadaUnited StatesKazakhstanUzbekistanPapua New GuineaIndonesiaArgentinaChileDemocratic Republic of the CongoSomaliaKenyaSudanChadHaitiDominican RepublicRussian FederationBahamasFalkland IslandsNorwayGreenlandTimor-LesteSouth AfricaLesothoMexicoUruguayBrazilBolivia (Plurinational State of)PeruColombiaPanamaCosta RicaNicaraguaHondurasEl SalvadorGuatemalaBelizeVenezuela (Bolivarian Republic of)GuyanaSurinameFranceEcuadorPuerto RicoJamaicaCubaZimbabweBotswanaNamibiaSenegalMaliMauritaniaBeninNigerNigeriaCameroonTogoGhanaCôte d'IvoireGuineaGuinea-BissauLiberiaSierra LeoneBurkina FasoCentral African RepublicRepublic of the CongoGabonEquatorial GuineaZambiaMalawiMozambiqueEswatiniAngolaBurundiIsraelLebanonMadagascarState of PalestineGambiaTunisiaAlgeriaJordanUnited Arab EmiratesQatarKuwaitIraqOmanVanuatuCambodiaThailandLao People's Democratic RepublicMyanmarViet NamNorth KoreaSouth KoreaMongoliaIndiaBangladeshBhutanNepalPakistanAfghanistanTajikistanKyrgyzstanTurkmenistanIran (Islamic Republic of)Syrian Arab RepublicArmeniaSwedenBelarusUkrainePolandAustriaHungaryRepublic of MoldovaRomaniaLithuaniaLatviaEstoniaGermanyBulgariaGreeceTürkiyeAlbaniaCroatiaSwitzerlandLuxembourgBelgiumNetherlandsPortugalSpainIrelandNew CaledoniaSolomon IslandsNew ZealandAustraliaSri LankaChinaTaiwanItalyDenmarkUnited KingdomIcelandAzerbaijanGeorgiaPhilippinesMalaysiaBrunei DarussalamSloveniaFinlandSlovakiaCzechiaEritreaJapanParaguayYemenSaudi ArabiaCYNCyprusMoroccoEgyptLibyaEthiopiaDjiboutiSomalilandUgandaRwandaBosnia and HerzegovinaNorth MacedoniaSerbiaMontenegroKosovoTrinidad and TobagoSouth SudanÅland IslandsAmerican SamoaAndorraAnguillaAntigua and BarbudaArubaBahrainBarbadosBermudaBonaire, Sint Eustatius and SabaBouvet IslandBritish Indian Ocean TerritoryBritish Virgin IslandsCabo VerdeCayman IslandsChristmas IslandCocos (Keeling) Islands (The)ComorosCook IslandsCuraçaoDominicaFaroe IslandsFrench GuianaFrench PolynesiaFrench Southern TerritoriesGibraltarGrenadaGuadeloupeGuamGuernseyHeard Island and McDonald IslandsHoly SeeHong KongIsle of ManJerseyKiribatiLiechtensteinMacauMaldivesMaltaMarshall IslandsMartiniqueMauritiusMayotteMicronesia (Federated States of)MonacoMontserratNaoeroNiueNorfolk IslandNorthern Mariana IslandsPalauPitcairn IslandsRéunionSaint BarthélemySaint HelenaSaint Kitts and NevisSaint LuciaSaint MartinSaint Pierre and MiquelonSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSeychellesSingaporeSint MaartenSouth Georgia and the South Sandwich IslandsSvalbard and Jan MayenTokelauTongaTurks and Caicos IslandsTuvaluUnited States Minor Outlying IslandsUS Virgin IslandsWallis and Futuna

Selected country or entityMap: Natural Earth ↗

ANNUAL ECONOMIC SNAPSHOT

Population & economic scale

World Bank · dated observations

The most recent non-empty observations returned by the World Bank when this snapshot was collected. Read the year on each card: these are annual statistics, not live measurements.

World Bank reporting entity: Somalia, Fed. Rep. · 3 of 3 indicators available.

Population

19,654,739

people

observation

Definition, value & source

Total population is based on the de facto definition of population, which counts all residents regardless of legal status or citizenship. The values shown are midyear estimates.

Received value: 19654739 people. The main card rounds for readability.

Collected
Oct 7, 2026
Dataset update reported by API
Jul 13, 2026; separate from the observation year

World Bank indicator ↗ · API record ↗

World Bank, World Development Indicators. CC BY 4.0. Underlying sources: World Population Prospects, United Nations (UN), uri: https://population.un.org/wpp/, publisher: UN Population Division; Statistical databases and publications from national statistical offices, National Statistical Offices (NSOs), uri: https://unstats.un.org/home/nso_sites/, publisher: National Statistical Offices; Eurostat: Demographic Statistics, Eurostat (ESTAT), uri: https://ec.europa.eu/eurostat/data/database?node_code=earn_ses_monthly, publisher: Eurostat; Population and Vital Statistics Report (various years), United Nations (UN), uri: https://unstats.un.org, publisher: UN Statistics Division

GDP

$13 billion

current US$

observation

Definition, value & source

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. 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.

Received value: 12995200000.2658 current US$. The main card rounds for readability.

Collected
Oct 7, 2026
Dataset update reported by API
Jul 13, 2026; separate from the observation year

World Bank indicator ↗ · API record ↗

World Bank, World Development Indicators. CC BY 4.0. Underlying sources: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB)

GDP per capita

$661

current US$ per person

observation

Definition, value & source

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.

Received value: 661.173877723116 current US$ per person. The main card rounds for readability.

Collected
Oct 7, 2026
Dataset update reported by API
Jul 13, 2026; separate from the observation year

World Bank indicator ↗ · API record ↗

World Bank, World Development Indicators. CC BY 4.0. Underlying sources: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB)

GDP and GDP per capita use current US dollars, without an inflation or purchasing-power-parity adjustment. Source years can differ. Missing data is not zero; earlier archive figures below are retained as a separate historical reference.

THE REFERENCE FILE

Somalia at a glance

Archive edition 2025

These are historical reference facts from the 2025 World Factbook archive. Each estimate keeps its own period; an archive edition does not make every figure a measurement from that year.

Government type

federal parliamentary republic

archive edition 2025Source ↗

Population

total: 20,324,160 (2025 est.) male: 10,170,863 female: 10,153,297

2025 source periods; archive edition 2025Source ↗

Area

total : 637,657 sq km land: 627,337 sq km water: 10,320 sq km

archive edition 2025Source ↗

Real GDP (purchasing power parity)

$26.77 billion (2024 est.) $25.747 billion (2023 est.) $24.706 billion (2022 est.) note: data in 2021 dollars

2024, 2023, 2022, 2021 source periods; archive edition 2025Source ↗

GDP (official exchange rate)

$12.109 billion (2024 est.) note: data in current dollars at official exchange rate

2024 source periods; archive edition 2025Source ↗

Real GDP growth rate

4% (2024 est.) 4.2% (2023 est.) 2.7% (2022 est.) note: annual GDP % growth based on constant local currency

2024, 2023, 2022 source periods; archive edition 2025Source ↗

Real GDP per capita

$1,400 (2024 est.) $1,400 (2023 est.) $1,400 (2022 est.) note: data in 2021 dollars

2024, 2023, 2022, 2021 source periods; archive edition 2025Source ↗

Inflation rate (consumer prices)

6.8% (2022 est.) 4.6% (2021 est.) 4.3% (2020 est.) note: annual % change based on consumer prices

2022, 2021, 2020 source periods; archive edition 2025Source ↗

Unemployment rate

18.9% (2024 est.) 19% (2023 est.) 19.1% (2022 est.) note: % of labor force seeking employment

2024, 2023, 2022 source periods; archive edition 2025Source ↗

Labor force

3.439 million (2024 est.) note: number of people ages 15 or older who are employed or seeking work

2024 source periods; archive edition 2025Source ↗

Public debt

93% of GDP (2014 est.)

2014 source periods; archive edition 2025Source ↗

Exports

$2.424 billion (2024 est.) $2.164 billion (2023 est.) $1.804 billion (2022 est.) note: GDP expenditure basis - exports of goods and services in current dollars

2024, 2023, 2022 source periods; archive edition 2025Source ↗

Imports

$9.002 billion (2024 est.) $8.002 billion (2023 est.) $7.456 billion (2022 est.) note: GDP expenditure basis - imports of goods and services in current dollars

2024, 2023, 2022 source periods; archive edition 2025Source ↗

Debt - external

$2.563 billion (2023 est.) note: present value of external debt in current US dollars

2023 source periods; archive edition 2025Source ↗

Electricity access

electrification - total population: 48.9% (2022 est.) electrification - urban areas: 76.7% electrification - rural areas: 30.6%

2022 source periods; archive edition 2025Source ↗

Internet users

percent of population: 28% (2022 est.)

2022 source periods; archive edition 2025Source ↗

THE HISTORICAL REFERENCE LIBRARY

Explore the country in detail

30 sections · archive 2025

Browse the economy, population, resources and infrastructure. These archived descriptions keep their original wording and dates; they have not been updated to describe current conditions.

30 of 30 sections

Location

Eastern Africa, bordering the Gulf of Aden and the Indian Ocean, east of Ethiopia

archive edition 2025 · Archive source ↗

Capital

name: Mogadishu geographic coordinates: 2 04 N, 45 20 E time difference: UTC+3 (8 hours ahead of Washington, DC, during Standard Time) etymology: the name is probably derived from the Arabic word mukaddas , meaning "holy"

archive edition 2025 · Archive source ↗

Economic overview

low-income African Horn economy; 30 years of war and instability crippled economic potential; high remittances for basic survival; new fiscal federalism approach; cleared some unsustainable debt; environmentally fragile; digitally driven urbanization efforts

archive edition 2025 · Archive source ↗

Natural resources

uranium and largely unexploited reserves of iron ore, tin, gypsum, bauxite, copper, salt, natural gas, likely oil reserves

archive edition 2025 · Archive source ↗

Agricultural products

camel milk, milk, goat milk, sheep milk, sugarcane, fruits, sorghum, cassava, vegetables, maize (2023) note: top ten agricultural products based on tonnage

2023 source periods; archive edition 2025 · Archive source ↗

Industries

light industries, including sugar refining, textiles, wireless communication

archive edition 2025 · Archive source ↗

Exports - partners

UAE 35%, Saudi Arabia 27%, Oman 18%, Djibouti 8%, India 3% (2023) note: top five export partners based on percentage share of exports

2023 source periods; archive edition 2025 · Archive source ↗

Exports - commodities

sheep and goats, gold, postage stamps/documents, other animals, cattle (2023) note: top five export commodities based on value in dollars

2023 source periods; archive edition 2025 · Archive source ↗

Imports - partners

UAE 29%, China 19%, India 15%, Turkey 8%, Oman 5% (2023) note: top five import partners based on percentage share of imports

2023 source periods; archive edition 2025 · Archive source ↗

Imports - commodities

raw sugar, tobacco, broadcasting equipment, rice, milk (2023) note: top five import commodities based on value in dollars

2023 source periods; archive edition 2025 · Archive source ↗

Climate

principally desert; northeast monsoon (December to February), moderate temperatures in north and hot in south; southwest monsoon (May to October), torrid in the north and hot in the south, irregular rainfall, hot and humid periods (tangambili) between monsoons

archive edition 2025 · Archive source ↗

Terrain

mostly flat to undulating plateau rising to hills in north

archive edition 2025 · Archive source ↗

Land use

agricultural land: 70.3% (2023 est.) arable land: 1.8% (2023 est.) permanent crops: 0% (2023 est.) permanent pasture: 68.5% (2023 est.) forest: 7.9% (2023 est.) other: 21.7% (2023 est.)

2023 dates in source text; archive edition 2025 · Archive source ↗

Natural hazards

recurring droughts; frequent dust storms over eastern plains in summer; floods during rainy season

archive edition 2025 · Archive source ↗

Languages

Somali (official), Arabic (official), Italian, English major-language sample(s): Buugga Xaqiiqda Aduunka, waa laga maarmaanka macluumaadka assasiga. (Somali) The World Factbook, the indispensable source for basic information.

archive edition 2025 · Archive source ↗

Religions

Muslim 99.9% (Sunni Muslim 98.1%, Shia Muslim 1.2%, Islamic schismatic 0.6%), ethnic religionist 0.1% (2020 est.)

2020 dates in source text; archive edition 2025 · Archive source ↗

Age structure

0-14 years: 41.4% (male 2,689,086/female 2,694,372) 15-64 years: 55.8% (male 3,699,721/female 3,568,163) 65 years and over: 2.8% (2024 est.) (male 157,505/female 208,426)

2024 dates in source text; archive edition 2025 · Archive source ↗

Urbanization

urban population: 47.9% of total population (2023) rate of urbanization: 4.2% annual rate of change (2020-25 est.)

2023, 2020 dates in source text; archive edition 2025 · Archive source ↗

Life expectancy at birth

total population: 56.5 years (2024 est.) male: 54.1 years female: 59 years

2024 dates in source text; archive edition 2025 · Archive source ↗

Literacy

total population: 54.1% (2022 est.) male: 64.5% (2022 est.) female: 43.9% (2022 est.)

2022 dates in source text; archive edition 2025 · Archive source ↗

Electricity

installed generating capacity: 156,000 kW (2023 est.) consumption: 396.792 million kWh (2023 est.) transmission/distribution losses: 15.408 million kWh (2023 est.)

2023 dates in source text; archive edition 2025 · Archive source ↗

Electricity generation sources

fossil fuels: 82.5% of total installed capacity (2023 est.) solar: 16% of total installed capacity (2023 est.) wind: 1.5% of total installed capacity (2023 est.)

2023 dates in source text; archive edition 2025 · Archive source ↗

Petroleum

refined petroleum consumption: 6,000 bbl/day (2023 est.)

2023 dates in source text; archive edition 2025 · Archive source ↗

Natural gas

proven reserves: 5.663 billion cubic meters (2021 est.)

2021 dates in source text; archive edition 2025 · Archive source ↗

Carbon dioxide emissions

838,000 metric tonnes of CO2 (2023 est.) from coal and metallurgical coke: 10 metric tonnes of CO2 (2023 est.) from petroleum and other liquids: 838,000 metric tonnes of CO2 (2023 est.)

2023 dates in source text; archive edition 2025 · Archive source ↗

Telephones - mobile cellular

total subscriptions: 9.91 million (2023 est.) subscriptions per 100 inhabitants: 54 (2023 est.)

2023 dates in source text; archive edition 2025 · Archive source ↗

Broadband - fixed subscriptions

total: 119,000 (2022 est.) subscriptions per 100 inhabitants: 1 (2022 est.)

2022 dates in source text; archive edition 2025 · Archive source ↗

Airports

40 (2025)

2025 dates in source text; archive edition 2025 · Archive source ↗

Ports

total ports: 6 (2024) large: 1 medium: 0 small: 2 very small: 3 ports with oil terminals: 2 key ports: Baraawe, Berbera, Boosaaso, Kismaayo, Marka, Muqdisho

2024 dates in source text; archive edition 2025 · Archive source ↗

Remittances

15.8% of GDP (2023 est.) 17% of GDP (2022 est.) 18.3% of GDP (2021 est.) note: personal transfers and compensation between resident and non-resident individuals/households/entities

2023, 2022, 2021 dates in source text; archive edition 2025 · Archive source ↗

CURRENCY OBSERVATIONS

Money & exchange rates

Currency explorer →

The latest verified daily references are separate from the historical country profile. Values are currency units per US$1.

SOS

Somali Shilling

572.1

SOS per US$1

Source observation: Oct 6, 2026

Published reference snapshot; its original observation date is preserved.

1 SOS = US$0.001747946

Daily reference historyOct 6, 2026 · 572.1 SOS
Sep 7, 2026: 570.66 SOS per US$1Sep 8, 2026: 570.89 SOS per US$1Sep 9, 2026: 571.68 SOS per US$1Sep 10, 2026: 571.45 SOS per US$1Sep 11, 2026: 572.29 SOS per US$1Sep 13, 2026: 572.05 SOS per US$1Sep 14, 2026: 572.78 SOS per US$1Sep 15, 2026: 572.5 SOS per US$1Sep 16, 2026: 571.12 SOS per US$1Sep 17, 2026: 573.4 SOS per US$1Sep 18, 2026: 573.38 SOS per US$1Sep 20, 2026: 572.78 SOS per US$1Sep 21, 2026: 572.16 SOS per US$1Sep 22, 2026: 571.9 SOS per US$1Sep 23, 2026: 571.58 SOS per US$1Sep 24, 2026: 573.7 SOS per US$1Sep 25, 2026: 572.8 SOS per US$1Sep 27, 2026: 572.47 SOS per US$1Sep 28, 2026: 572.41 SOS per US$1Sep 29, 2026: 572.27 SOS per US$1Sep 30, 2026: 571.21 SOS per US$1Oct 1, 2026: 572.81 SOS per US$1Oct 2, 2026: 573.48 SOS per US$1Oct 4, 2026: 572.98 SOS per US$1Oct 5, 2026: 572.75 SOS per US$1Oct 6, 2026: 572.1 SOS per US$1
Sep 7, 2026Oct 6, 2026

570.66–573.7 SOS per US$1 across the displayed observations. The vertical scale follows this range.

View dated observations
Observation dateSOS per US$1
Oct 6, 2026572.1
Oct 5, 2026572.75
Oct 4, 2026572.98
Oct 2, 2026573.48
Oct 1, 2026572.81
Sep 30, 2026571.21
Sep 29, 2026572.27
Sep 28, 2026572.41
Sep 27, 2026572.47
Sep 25, 2026572.8
Sep 24, 2026573.7
Sep 23, 2026571.58
Sep 22, 2026571.9
Sep 21, 2026572.16
Sep 20, 2026572.78
Sep 18, 2026573.38
Sep 17, 2026573.4
Sep 16, 2026571.12
Sep 15, 2026572.5
Sep 14, 2026572.78
Sep 13, 2026572.05
Sep 11, 2026572.29
Sep 10, 2026571.45
Sep 9, 2026571.68
Sep 8, 2026570.89
Sep 7, 2026570.66

Daily references are not live execution prices. A check time does not change a source observation date.

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Official data & country reports

Research directories have their own coverage. A link is not a claim that every entity has an IMF report or a separate national statistical office.

SOURCES & DATES

Where the facts come from.

Editorial presentation by American Business Capital Group Inc. The organizations and archive links below are the underlying sources.

Country reference
CIA World Factbook · 2025 archive
Archive retrieved
Oct 6, 2026 · retrieval date, not an observation period
Rate observations
Frankfurter / official reference providers ↗ · each observation is dated separately
  • UN membership is shown separately from territory and currency coverage; inclusion is not a position on sovereignty or boundaries.
  • CIA World Factbook text preserved by World Factbook Archive. Archive edition 2025; individual estimates retain their own dates. These are historical reference facts, not current observations.

About the editions. The CIA announced the end of its online World Factbook on February 4, 2026. Our historical profiles retain the archive editions shown above.

Skyhorse lists The CIA World Factbook 2026–2027, published April 7, 2026 (ISBN 9781510786042). That book’s full text has not been incorporated here; its edition title does not redate the imported archive. Archive distribution license.

Geography is a simplified reference. Displayed boundaries and entity inclusion do not express a position on sovereignty or disputed borders.