Adjusted savings: natural resources depletion in Somalia
Somalia: Adjusted savings: natural resources depletion was 11.3% in 2021. ▲ Rising
Adjusted savings: natural resources depletion in Somalia, 1980–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
Somalia recorded 11.3% for adjusted savings: natural resources depletion in 2021.
That represents a change of down 1.9% on the previous year and down 37.0% over ten years.
Over the whole period, adjusted savings: natural resources depletion in Somalia peaked at 19.7% in 2016 and was at its lowest, 6.7%, in 1985.
That places Somalia 25th out of 184 countries with data for 2021, putting it in the top quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Adjusted savings: natural resources depletion in Somalia, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1980 | 15.4% | — |
| 1981 | 12.1% | -21.3% |
| 1982 | 16.2% | +34.2% |
| 1983 | 11.4% | -29.4% |
| 1984 | 10.4% | -9.0% |
| 1985 | 6.7% | -35.6% |
| 1986 | 10.4% | +55.5% |
| 1987 | 9.2% | -12.0% |
| 1988 | 10.1% | +9.8% |
| 1989 | 9.9% | -1.5% |
| 1990 | 14.8% | +49.2% |
| 2013 | 17.9% | +21.1% |
| 2014 | 18.4% | +2.6% |
| 2015 | 19.0% | +3.1% |
| 2016 | 19.7% | +3.5% |
| 2017 | 18.8% | -4.3% |
| 2018 | 11.8% | -37.2% |
| 2019 | 10.8% | -8.6% |
| 2020 | 11.5% | +6.8% |
| 2021 | 11.3% | -1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 11.2% | 6.7% | 16.2% | 10 |
| 1990s | 14.8% | 14.8% | 14.8% | 1 |
| 2010s | 16.6% | 10.8% | 19.7% | 7 |
| 2020s | 11.4% | 11.3% | 11.5% | 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: natural resources depletion in Somalia?
- Adjusted savings: natural resources depletion in Somalia was 11.3% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: natural resources depletion recorded in Somalia?
- The highest recorded value was 19.7% in 2016.
- What is the lowest adjusted savings: natural resources depletion recorded in Somalia?
- The lowest recorded value was 6.7% in 1985.
- How does Somalia rank for adjusted savings: natural resources depletion?
- Somalia ranks 25th out of 184 countries with data for 2021.
- Is adjusted savings: natural resources depletion rising or falling in Somalia?
- Over the last ten years it is down 37.0%. 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: natural resources depletion (% of GNI). Statizoid updates them automatically from the source API.
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CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Natural resource depletion is the sum of net forest depletion, energy depletion, and mineral depletion. Net forest depletion is unit resource rents times the excess of roundwood harvest over natural growth. Energy depletion is the ratio of the value of the stock of energy resources to the remaining reserve lifetime (capped at 25 years). It covers coal, crude oil, and natural gas. Mineral depletion is the ratio of the value of the stock of mineral resources to the remaining reserve lifetime (capped at 25 years). It covers tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate. 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.