Direct disaster economic loss in Somalia
Somalia: Direct disaster economic loss was 36 in 2024. ◆ Volatile
Latest (2024)
36
Change on year
down 70.7%
World rank
113th
of 130 countries
All-time high
459.77 million
in 2019
All-time low
0
in 2005
Years of data
17
2005–2024
Direct disaster economic loss in Somalia, 2005–2024
Source: Our World in Data.
Analysis
Somalia recorded 36 for direct disaster economic loss in 2024.
Compared with earlier readings it is down 70.7% on the previous year and down 100.0% over ten years.
Over the whole period, direct disaster economic loss in Somalia peaked at 459.77 million in 2019 and was at its lowest, 0, in 2005.
That places Somalia 113th out of 130 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Direct disaster economic loss in Somalia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 0 | — |
| 2006 | 0 | — |
| 2008 | 0 | — |
| 2009 | 0 | — |
| 2010 | 0 | — |
| 2011 | 0 | — |
| 2012 | 20.99 million | — |
| 2013 | 20.76 million | -1.1% |
| 2014 | 12.46 million | -40.0% |
| 2015 | 1.10 million | -91.2% |
| 2016 | 68.81 million | +6163.5% |
| 2019 | 459.77 million | +568.2% |
| 2020 | 83.46 million | -81.8% |
| 2021 | 0 | -100.0% |
| 2022 | 0 | — |
| 2023 | 123 | — |
| 2024 | 36 | -70.7% |
Somalia compared with similar countries
- Somalia's 36 is below the median for low income countries, which is 103.48 million, 0% of the median. (16 countries reporting)
- Somalia's 36 is below the median for Sub-Saharan Africa, which is 26.67 million, 0% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0 | 0 | 0 | 4 |
| 2010s | 72.99 million | 0 | 459.77 million | 8 |
| 2020s | 16.69 million | 0 | 83.46 million | 5 |
Countries ranked near Somalia
- 110 Cape Verde 25,950 compare
- 111 Seychelles 7,834 compare
- 112 Montenegro 7,790 compare
- 114 Bahrain 0
- 114 Belarus 0
- 114 Belgium 0 compare
- 114 Belize 0 compare
- 114 Cambodia 0 compare
- 114 Djibouti 0
- 114 Estonia 0 compare
- 114 Grenada 0 compare
- 114 Kuwait 0
- 114 Lebanon 0 compare
- 114 Qatar 0
- 114 Saint Kitts and Nevis 0 compare
- 114 Saint Lucia 0 compare
- 114 Senegal 0 compare
- 114 United Arab Emirates 0 compare
- 114 Vanuatu 0 compare
- 114 Yemen 0 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 direct disaster economic loss in Somalia?
- Direct disaster economic loss in Somalia was 36 in 2024, according to Our World in Data.
- What is the highest direct disaster economic loss recorded in Somalia?
- The highest recorded value was 459.77 million in 2019.
- What is the lowest direct disaster economic loss recorded in Somalia?
- The lowest recorded value was 0 in 2005.
- How does Somalia rank for direct disaster economic loss?
- Somalia ranks 113th out of 130 countries with data for 2024.
- Is direct disaster economic loss rising or falling in Somalia?
- Over the last ten years it is down 100.0%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from Our World in Data, published as part of Direct disaster economic loss. Statizoid updates them automatically from the source API.
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