Latin America and the Caribbean vs Somalia: Annual growth of the gross capital formation
Latin America and the Caribbean
3.2%
in 2024
Somalia
21.1%
in 2024
Latin America and the Caribbean rank
15th
Somalia rank
15th
Annual growth of the gross capital formation over time
- Latin America and the Caribbean
- Somalia
How they compare
Somalia currently reports 21.1% against 3.2% in Latin America and the Caribbean, a difference of 17.9%.
That makes Somalia's figure about 6.6 times Latin America and the Caribbean's.
The two have swapped places 2 times across 11 shared years of data; in 2014 it was Somalia ahead.
Latin America and the Caribbean ranks 15th and Somalia ranks 15th of 31 groups.
Somalia has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Latin America and the Caribbean | Somalia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | -2.3% | 11.9% | 14.3% | Somalia |
| 2020s | 3.3% | 14.4% | 11.1% | Somalia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher annual growth of the gross capital formation, Latin America and the Caribbean or Somalia?
- Somalia, at 21.1% against 3.2% in Latin America and the Caribbean as of 2024.
- What is the difference in annual growth of the gross capital formation between Latin America and the Caribbean and Somalia?
- 17.9%, with Somalia ahead.
- How many years of comparable data are there for Latin America and the Caribbean and Somalia?
- 11 years are reported by both, from 2014 to 2024.
- How do Latin America and the Caribbean and Somalia rank globally for annual growth of the gross capital formation?
- Latin America and the Caribbean ranks 15th and Somalia ranks 15th of 31 groups.
- Where does this data come from?
- United Nations Statistics Division, SDG Global Database, published as Annual growth of the gross capital formation (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.