Somalia could see its gross domestic product (GDP) decline by up to 13.5% by 2060 due to the impacts of climate change, according to the Country Climate and Development Report (CCDR) published by the World Bank Groupand presented in collaboration with the Somali government.
The report highlights that Somalia is among the countries most vulnerable to climate shocks, such as droughts, floods, and extreme weather events. These risks are particularly critical for an economy whose nominal GDP is estimated at $11.71 billion in 2026, and which largely depends on climate-sensitive sectors.
Faced with these challenges, the World Bank recommends targeted investments in climate-smart agriculture, the development of resilient cities, disaster risk management, and the strengthening of public institutions. According to the institution, these measures could halve the economic losses linked to climate change while supporting the creation of stable and productive jobs.
The report comes as Somalia has recently recorded notable economic progress, particularly following debt relief under the Heavily Indebted Poor Countries (HIPC) Initiative in 2023, a major step toward restoring financial stability and improving access to international financing.
Despite these advances, the World Bank stresses the need for the country to strengthen its role in planning and financing climate action, while also mobilizing the private sector to transform investments in resilience into sustainable economic opportunities.
