Gross Fixed Capital … Standard Local Currency rate annual growth in Somalia
Somalia: Gross Fixed Capital … Standard Local Currency rate annual growth was 9.79 % change on previous year in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Somalia, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross fixed capital formation — value standard local currency, 2015 in Somalia stood at 9.79 % change on previous year.
Compared with earlier readings it is up 13.0% on the previous year and down 31.8% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Somalia peaked at 32.86 % change on previous year in 1985 and was at its lowest, -29.48 % change on previous year, in 1988.
That places Somalia 23rd out of 222 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.
Gross Fixed Capital … Standard Local Currency rate annual growth in Somalia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 2.01 % change on previous year | — |
| 1972 | 14.88 % change on previous year | +640.3% |
| 1973 | -12.24 % change on previous year | -182.3% |
| 1974 | 0.8236 % change on previous year | -106.7% |
| 1975 | 15.63 % change on previous year | +1797.2% |
| 1976 | -3.22 % change on previous year | -120.6% |
| 1977 | 14.35 % change on previous year | -546.0% |
| 1978 | 5.15 % change on previous year | -64.1% |
| 1979 | -4.09 % change on previous year | -179.3% |
| 1980 | 6.37 % change on previous year | -256.0% |
| 1981 | -6.4 % change on previous year | -200.4% |
| 1982 | 14.71 % change on previous year | -329.8% |
| 1983 | -17.37 % change on previous year | -218.1% |
| 1984 | 12.61 % change on previous year | -172.6% |
| 1985 | 32.86 % change on previous year | +160.6% |
| 1986 | 10.57 % change on previous year | -67.8% |
| 1987 | 12.74 % change on previous year | +20.6% |
| 1988 | -29.48 % change on previous year | -331.3% |
| 1989 | 20.74 % change on previous year | -170.4% |
| 1990 | -1.69 % change on previous year | -108.2% |
| 1991 | -5.81 % change on previous year | +242.5% |
| 1992 | -10.44 % change on previous year | +79.8% |
| 1993 | 1.5 % change on previous year | -114.4% |
| 1994 | -26.31 % change on previous year | -1855.1% |
| 1995 | 1.33 % change on previous year | -105.1% |
| 1996 | 1.85 % change on previous year | +38.9% |
| 1997 | -2.51 % change on previous year | -235.6% |
| 1998 | 4.78 % change on previous year | -290.1% |
| 1999 | 9.34 % change on previous year | +95.5% |
| 2000 | 0.6078 % change on previous year | -93.5% |
| 2001 | 9.62 % change on previous year | +1482.0% |
| 2002 | -1.69 % change on previous year | -117.6% |
| 2003 | 1.34 % change on previous year | -179.4% |
| 2004 | 2.8 % change on previous year | +108.4% |
| 2005 | 3.57 % change on previous year | +27.4% |
| 2006 | 9.3 % change on previous year | +161.0% |
| 2007 | 4.5 % change on previous year | -51.6% |
| 2008 | 6.77 % change on previous year | +50.4% |
| 2009 | 8.02 % change on previous year | +18.5% |
| 2010 | 7.71 % change on previous year | -3.9% |
| 2011 | 9.21 % change on previous year | +19.4% |
| 2012 | 10.67 % change on previous year | +15.8% |
| 2013 | -7.81 % change on previous year | -173.2% |
| 2014 | 14.36 % change on previous year | -283.8% |
| 2015 | 25.61 % change on previous year | +78.3% |
| 2016 | 14.79 % change on previous year | -42.3% |
| 2017 | 18.69 % change on previous year | +26.4% |
| 2018 | 18.62 % change on previous year | -0.4% |
| 2019 | 11.61 % change on previous year | -37.6% |
| 2020 | 0.1144 % change on previous year | -99.0% |
| 2021 | 4.8 % change on previous year | +4093.5% |
| 2022 | 31.5 % change on previous year | +556.6% |
| 2023 | 8.66 % change on previous year | -72.5% |
| 2024 | 9.79 % change on previous year | +13.0% |
Somalia compared with similar countries
- Somalia's 9.79 % change on previous year is above the median for low income countries, which is 4.8 % change on previous year, 2.0× the median. (23 countries reporting)
- Somalia's 9.79 % change on previous year is above the median for Sub-Saharan Africa, which is 4.3 % change on previous year, 2.3× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital … Standard Local Currency rate annual growth in Somalia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +4093.5% | 0.1144 % change on previous year | 4.8 % change on previous year |
| 1994 | -1855.1% | 1.5 % change on previous year | -26.31 % change on previous year |
| 1975 | +1797.2% | 0.8236 % change on previous year | 15.63 % change on previous year |
| 2001 | +1482.0% | 0.6078 % change on previous year | 9.62 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.7 % change on previous year | -12.24 % change on previous year | 15.63 % change on previous year | 9 |
| 1980s | 5.74 % change on previous year | -29.48 % change on previous year | 32.86 % change on previous year | 10 |
| 1990s | -2.8 % change on previous year | -26.31 % change on previous year | 9.34 % change on previous year | 10 |
| 2000s | 4.48 % change on previous year | -1.69 % change on previous year | 9.62 % change on previous year | 10 |
| 2010s | 12.35 % change on previous year | -7.81 % change on previous year | 25.61 % change on previous year | 10 |
| 2020s | 10.97 % change on previous year | 0.1144 % change on previous year | 31.5 % change on previous year | 5 |
Countries ranked near Somalia
- 21 Cameroon 10.03 % change on previous year compare
- 22 Croatia 9.9 % change on previous year compare
- 24 Djibouti 9.39 % change on previous year compare
- 25 Guinea-Bissau 9.31 % change on previous year compare
- 26 Montenegro 9.3 % change on previous year 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 gross fixed capital formation — value standard local currency, 2015 in Somalia?
- Gross fixed capital formation — value standard local currency, 2015 in Somalia was 9.79 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value standard local currency, 2015 recorded in Somalia?
- The highest recorded value was 32.86 % change on previous year in 1985.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Somalia?
- The lowest recorded value was -29.48 % change on previous year in 1988.
- How does Somalia rank for gross fixed capital formation — value standard local currency, 2015?
- Somalia ranks 23rd out of 222 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, 2015 rising or falling in Somalia?
- Over the last ten years it is down 31.8%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.