Puntland Gross Domestic Product (gdp) 2023

This publication presents an in-depth analysis of Puntland’s Gross Domestic Product (GDP) for the year 2023, offering valuable insights into the region's economic performance and growth trends. It provides a detailed overview of Puntland's economy, estimating GDP based on the expenditure approach, with calculations at both current and constant prices. These estimates are derived in accordance with the in- ternationally recognized guidelines outlined in the System of National Accounts, 2008. It is important to note that while the data used in this report is valuable, it remains subject to certain limitations. As with any statistical analysis, the accuracy of these estimates depends on the available data, which, in some cases, is incomplete. In addition, some assumptions were drawn from national ac- counts data of other African countries to fill gaps. As such, the figures presented in this report should be viewed as preliminary and may be revised in future publications as more accurate and comprehensive data becomes available. The publication of this report marks another step in Puntland's commitment to economic transparency and evidence-based policymaking. It provides critical insights for policymakers, investors, researchers, and other stakeholders interested in understanding the dynamics of the Puntland economy and its po- tential for future development. This report would not have been possible without the collaboration of various ministries and govern- ment agencies, whose administrative data contributed significantly to the accuracy of the estimates. We would like to express our sincere gratitude for their cooperation and support throughout the pro- cess. We also extend our deepest thanks to the dedicated team of professionals at the Puntland Statis- tics Department, particularly the Economic Statistics team, for their hard work and attention to detail. Their efforts were instrumental in ensuring the success of this report. Furthermore, we wish to acknowledge the invaluable technical assistance provided by Statistics Sweden, whose expertise greatly enhanced the capacity of our staff and improved the quality of the es- timates presented herein. The Puntland Statistics Department is committed to continuously improving the quality and reliability of its economic reports. We welcome feedback and suggestions from users of this publication to help refine our methodologies and ensure the continued growth of economic data collection and analysis in Puntland.