Foreign Trade (As % of GDP) rose to 80.8% in Somalia in 2017

Foreign Trade (As % of GDP) (%)
Economy | Somalia | May 17, 2019
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Excel Sheet

Foreign trade as a share of GDP reached 80.8 % in 2017 in Somalia, according to the National Statistical Office. This is 4.96 % more than in the previous year.

Historically, foreign trade as a share of GDP in Somalia reached an all time high of 122 % in 1980 and an all time low of 25.6 % in 1985. When compared to Somalia's main peers, foreign trade as a share of GDP in Djibouti amounted to 108 %, 31.5 % in Ethiopia and 37.3 % in Kenya in 2017.

Somalia has been ranked 76th within the group of 165 countries we follow in terms of foreign trade as a share of GDP.

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.

Foreign Trade (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Djibouti % ... ... ... ... 92.0% 92.9% 108%
Eritrea % 37.5% ... ... ... ... ... ...
Ethiopia % 48.2% 45.4% 41.5% 40.7% 39.7%
Kenya % 60.4% 57.8% 53.1% 51.3% 44.2%
Oman % 116% 116% 128% 117% 110%
Saudi Arabia % 85.5% 83.5% 82.7% 80.6% 72.1%
Somalia % ... ... ... ... 69.5% 73.9% 76.2%
Sudan % 33.1% 24.7% 23.7% 19.5% 19.1%
Tanzania % 56.2% 54.4% 48.6% 45.4% 40.8%
Uganda % 52.9% 53.3% 50.9% 46.3% 47.7%
Yemen % 63.1% 61.4% 52.5% 49.8% 35.6% ...