Annual growth of the general government final consumption expenditure in Somalia
Somalia: Annual growth of the general government final consumption expenditure was 16.1% in 2024. ◆ Volatile
Annual growth of the general government final consumption expenditure in Somalia, 2014–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Somalia recorded 16.1% for annual growth of the general government final consumption expenditure in 2024.
The figure is up 665.1% on the previous year and down 15.1% over ten years.
Over the whole period, annual growth of the general government final consumption expenditure in Somalia peaked at 26.1% in 2017 and was at its lowest, 0.9%, in 2018.
That places Somalia 4th out of 181 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the general government final consumption expenditure in Somalia, year by year
| Year | Value | Change |
|---|---|---|
| 2014 | 19.0% | — |
| 2015 | 5.0% | -73.4% |
| 2016 | 19.8% | +291.5% |
| 2017 | 26.1% | +32.1% |
| 2018 | 0.9% | -96.7% |
| 2019 | 4.1% | +370.1% |
| 2020 | 11.5% | +183.7% |
| 2021 | 12.6% | +9.9% |
| 2022 | 12.1% | -4.2% |
| 2023 | 2.1% | -82.6% |
| 2024 | 16.1% | +665.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 12.5% | 0.9% | 26.1% | 6 |
| 2020s | 10.9% | 2.1% | 16.1% | 5 |
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 annual growth of the general government final consumption expenditure in Somalia?
- Annual growth of the general government final consumption expenditure in Somalia was 16.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the general government final consumption expenditure recorded in Somalia?
- The highest recorded value was 26.1% in 2017.
- What is the lowest annual growth of the general government final consumption expenditure recorded in Somalia?
- The lowest recorded value was 0.9% in 2018.
- How does Somalia rank for annual growth of the general government final consumption expenditure?
- Somalia ranks 4th out of 181 countries with data for 2024.
- Is annual growth of the general government final consumption expenditure rising or falling in Somalia?
- Over the last ten years it is down 15.1%. 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 the general government final consumption expenditure (%). Statizoid updates them automatically from the source API.
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