GROSS DOMESTIC PRODUCT PUNTLAND 2019

Introduction

This report provides an overview summary of the size and the picture of Puntland’s economy and its growth in recent years. Puntland GDP has been estimated by using the expenditure approach in both current and constant prices by taking 2017 as base year for estimates of real GDP.

Puntland´s GDP in 2019

In 2019, Puntland´s GDP amounted to 1,853 million US dollar at current prices compared to 1,666 million US dollar in 2018. GDP per capita in 2019 was 372 US dollar. In constant prices, Puntland´s GDP increased by 5.4 percent in 2019, compared to 1.1 percent in 2018.

Additionally, during this period household final consumption expen­di­ture grew by 5.1 percent, while government final consumption expenditure decreased by 31.4 percent and gross fixed capital formation increased by 13.2 percent. Exports increased by 5.5 percent and imports, which have a negative effect on GDP, increased by 3.5 percent.

To read the finding of the report, please click the link .  Puntland GDP Report 2019