Adjusted savings: consumption of fixed capital in Somalia
Somalia: Adjusted savings: consumption of fixed capital was 7.6% in 2021. ▲ Rising
Adjusted savings: consumption of fixed capital in Somalia, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
In 2021, adjusted savings: consumption of fixed capital in Somalia stood at 7.6%. That is the highest value across all 30 years on record.
That represents a change of up 0.1% on the previous year and up 10.9% over ten years.
Over the whole period, adjusted savings: consumption of fixed capital in Somalia peaked at 7.6% in 2021 and was at its lowest, 4.2%, in 1978.
Somalia ranks 166th of 204 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Adjusted savings: consumption of fixed capital in Somalia, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 4.9% | — |
| 1971 | 5.2% | +5.3% |
| 1972 | 4.5% | -13.2% |
| 1973 | 5.0% | +10.9% |
| 1974 | 5.3% | +5.8% |
| 1975 | 5.5% | +3.6% |
| 1976 | 5.0% | -8.7% |
| 1977 | 4.9% | -2.5% |
| 1978 | 4.2% | -14.2% |
| 1979 | 4.3% | +3.3% |
| 1980 | 4.4% | +2.3% |
| 1981 | 4.5% | +2.2% |
| 1982 | 4.6% | +2.6% |
| 1983 | 4.7% | +1.0% |
| 1984 | 4.9% | +5.2% |
| 1985 | 5.8% | +18.7% |
| 1986 | 6.1% | +5.5% |
| 1987 | 5.9% | -3.7% |
| 1988 | 5.6% | -5.3% |
| 1989 | 5.6% | +0.4% |
| 1990 | 5.6% | -0.7% |
| 2013 | 6.8% | +22.0% |
| 2014 | 6.8% | +0.3% |
| 2015 | 7.0% | +2.8% |
| 2016 | 7.1% | +0.4% |
| 2017 | 7.0% | -0.1% |
| 2018 | 7.1% | +0.3% |
| 2019 | 7.1% | +0.3% |
| 2020 | 7.6% | +6.5% |
| 2021 | 7.6% | +0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.9% | 4.2% | 5.5% | 10 |
| 1980s | 5.2% | 4.4% | 6.1% | 10 |
| 1990s | 5.6% | 5.6% | 5.6% | 1 |
| 2010s | 7.0% | 6.8% | 7.1% | 7 |
| 2020s | 7.6% | 7.6% | 7.6% | 2 |
Countries ranked near Somalia
More economy & growth data for Somalia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.52 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 765.00 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 13.08 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0639 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 40.24 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -0.3355 % change on previous year (1989)
- Total reserves (includes gold, current US$), per unit of GDP 0.0196 includes gold, current US$ per US$ of GDP (1989)
- Total reserves (includes gold, current US$), per capita 3.25 includes gold, current US$ per person (1989)
- Total reserves minus gold (current US$), annual growth rate 0.6536 % change on previous year (1989)
Frequently asked questions
- What is adjusted savings: consumption of fixed capital in Somalia?
- Adjusted savings: consumption of fixed capital in Somalia was 7.6% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: consumption of fixed capital recorded in Somalia?
- The highest recorded value was 7.6% in 2021.
- What is the lowest adjusted savings: consumption of fixed capital recorded in Somalia?
- The lowest recorded value was 4.2% in 1978.
- How does Somalia rank for adjusted savings: consumption of fixed capital?
- Somalia ranks 166th out of 204 countries with data for 2021.
- Is adjusted savings: consumption of fixed capital rising or falling in Somalia?
- Over the last ten years it is up 10.9%. The long-run trend across the full record is rising.
- Where does this Somalia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: consumption of fixed capital (% of GNI). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Consumption of fixed capital represents the replacement value of capital used up in the process of production. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.