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.
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 174 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 | Value | 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% |
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
- 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 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 174 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.
Download this data
CSV · JSON — 11 observations, free to reuse under UN SDG Global Database (open, attribution requested).