Expense in Somalia
Somalia: Expense was 6.3% in 2023. ▲ Rising
Expense in Somalia, 2017–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Somalia recorded 6.3% for expense in 2023. That is the highest value across all 5 years on record.
Compared with earlier readings it is up 15.8% on the previous year and up 102.3% over ten years.
That places Somalia 154th out of 157 countries with data for 2023, putting it in the bottom quarter.
Expense in Somalia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2017 | 3.1% | — |
| 2018 | 3.3% | +4.7% |
| 2019 | 3.5% | +5.7% |
| 2020 | 5.5% | +57.9% |
| 2023 | 6.3% | +15.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.3% | 3.1% | 3.5% | 3 |
| 2020s | 5.9% | 5.5% | 6.3% | 2 |
Countries ranked near Somalia
- 151 Niger 10.2%
- 152 Sudan 9.7%
- 153 Bangladesh 8.3% compare
- 155 Lebanon 6.3% compare
- 156 Ethiopia 6.1% compare
- 157 United Arab Emirates 3.8% compare
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)
- GDP (current US$), annual growth rate 8.59 % change on previous year (2025)
- GDP (current US$), per capita 661.17 current US$ per person (2025)
- GDP (current LCU), annual growth rate 16.26 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 30,103 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 19.90 million current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 2.99 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.704 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 465.44 constant 2015 US$ per person (2025)
Frequently asked questions
- What is expense in Somalia?
- Expense in Somalia was 6.3% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Somalia?
- The highest recorded value was 6.3% in 2023.
- What is the lowest expense recorded in Somalia?
- The lowest recorded value was 3.1% in 2017.
- How does Somalia rank for expense?
- Somalia ranks 154th out of 157 countries with data for 2023.
- Is expense rising or falling in Somalia?
- Over the last ten years it is up 102.3%. The long-run trend across the full record is rising.
- Where does this Somalia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.