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, 2013–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Somalia recorded 21.1% for annual growth of the gross capital formation in 2024.
That represents a change of up 45.7% on the previous year and up 330.9% 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.
That places Somalia 14th out of 167 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 gross capital formation in Somalia, year by year
| Year | % | Change |
|---|---|---|
| 2013 | 3.4% | — |
| 2014 | 4.9% | +45.1% |
| 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% | -99.1% |
| 2021 | 4.8% | +4263.6% |
| 2022 | 31.5% | +556.2% |
| 2023 | 14.5% | -54.1% |
| 2024 | 21.1% | +45.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 10.7% | 3.4% | 18.7% | 7 |
| 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)
- Gross capital formation (current US$), annual growth rate 14.14 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2811 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 185.88 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 22.2 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 8,463 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 5.60 million current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 8.7 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2163 constant 2015 US$ per US$ of GDP (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 World Bank – processed by Our World in Data.
- 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 14th out of 167 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 330.9%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).