Annual growth of households and NPISHs final consumption expenditure in Somalia
Somalia: Annual growth of households and NPISHs final consumption expenditure was 8.8% in 2024. ◆ Volatile
Annual growth of households and NPISHs final consumption expenditure in Somalia, 2014–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual growth of households and npishs final consumption expenditure in Somalia is 8.8%, measured in 2024.
Compared with earlier readings it is up 56.5% on the previous year and up 0.3% over ten years.
Over the whole period, annual growth of households and npishs final consumption expenditure in Somalia peaked at 15.5% in 2017 and was at its lowest, -0.7%, in 2020.
Somalia ranks 17th of 186 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of households and NPISHs final consumption expenditure in Somalia, year by year
| Year | % | Change |
|---|---|---|
| 2014 | 8.7% | — |
| 2015 | 8.6% | -1.9% |
| 2016 | 7.3% | -15.4% |
| 2017 | 15.5% | +113.3% |
| 2018 | 2.2% | -86.0% |
| 2019 | 0.7% | -66.6% |
| 2020 | -0.7% | -198.1% |
| 2021 | 2.4% | -435.3% |
| 2022 | 4.7% | +97.4% |
| 2023 | 5.6% | +18.7% |
| 2024 | 8.8% | +56.5% |
Somalia compared with similar countries
- Somalia's 8.8% is above the median for low income countries, which is 2.8%, 3.1× the median. (20 countries reporting)
- Somalia's 8.8% is above the median for Sub-Saharan Africa, which is 3.1%, 2.8× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 7.2% | 0.7% | 15.5% | 6 |
| 2020s | 4.2% | -0.7% | 8.8% | 5 |
Countries ranked near Somalia
- 14 Cabo Verde 9.1% compare
- 15 Tajikistan 9.0% compare
- 16 Lesotho 9.0% compare
- 18 Nicaragua 8.6% compare
- 19 Tonga 8.4% compare
- 20 San Marino 8.3% compare
More economy & growth data for Somalia
- Real gdp growth, annual growth rate -2.75 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 25.66 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0238 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 15.71 units per person (2025)
- SDRs holdings, SDR, annual growth rate 19.66 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0174 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 11.47 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is annual growth of households and npishs final consumption expenditure in Somalia?
- Annual growth of households and npishs final consumption expenditure in Somalia was 8.8% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of households and npishs final consumption expenditure recorded in Somalia?
- The highest recorded value was 15.5% in 2017.
- What is the lowest annual growth of households and npishs final consumption expenditure recorded in Somalia?
- The lowest recorded value was -0.7% in 2020.
- How does Somalia rank for annual growth of households and npishs final consumption expenditure?
- Somalia ranks 17th out of 186 countries with data for 2024.
- Is annual growth of households and npishs final consumption expenditure rising or falling in Somalia?
- Over the last ten years it is up 0.3%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of households and NPISHs final consumption expenditure (%). Statizoid updates them automatically from the source API.
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