Annual growth of the gross capital formation (%) in Somalia
Somalia: Annual growth of the gross capital formation (%) was 21.1% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Somalia, 2014–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Somalia recorded 21.1% for annual growth of the gross capital formation in 2024.
The figure is up 45.7% on the previous year and up 331.0% over ten years.
Over the whole period, annual growth of the gross capital formation in Somalia peaked at 31.5% in 2022 and was at its lowest, 0.1%, in 2020.
Somalia ranks 15th of 175 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 the gross capital formation (%) in Somalia, year by year
| Year | % | Change |
|---|---|---|
| 2014 | 4.9% | — |
| 2015 | 11.5% | +135.0% |
| 2016 | 6.4% | -44.4% |
| 2017 | 18.6% | +191.5% |
| 2018 | 18.7% | +0.2% |
| 2019 | 11.6% | -37.8% |
| 2020 | 0.1% | -99.0% |
| 2021 | 4.8% | +4095.2% |
| 2022 | 31.5% | +556.6% |
| 2023 | 14.5% | -54.1% |
| 2024 | 21.1% | +45.7% |
Somalia compared with similar countries
- Somalia's 21.1% is above the median for low income countries, which is 11.3%, 1.9× the median. (19 countries reporting)
- Somalia's 21.1% is above the median for Sub-Saharan Africa, which is 6.1%, 3.5× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 11.9% | 4.9% | 18.7% | 6 |
| 2020s | 14.4% | 0.1% | 31.5% | 5 |
Countries ranked near Somalia
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 the gross capital formation in Somalia?
- Annual growth of the gross capital formation in Somalia was 21.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the gross capital formation recorded in Somalia?
- The highest recorded value was 31.5% in 2022.
- What is the lowest annual growth of the gross capital formation recorded in Somalia?
- The lowest recorded value was 0.1% in 2020.
- How does Somalia rank for annual growth of the gross capital formation?
- Somalia ranks 15th out of 175 countries with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Somalia?
- Over the last ten years it is up 331.0%. 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 gross capital formation (%). Statizoid updates them automatically from the source API.
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