Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Somalia
Somalia: Gross Fixed Capital Formation — Value Standard Local Currency, 2015 was 2.69 million SLC per person in 2024. ▲ Rising
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Somalia, 1970–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
In 2024, gross fixed capital formation — value standard local currency, 2015 in Somalia stood at 2.69 million SLC per person. That is the highest value across all 55 years on record.
The figure is up 6.0% on the previous year and up 161.7% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Somalia peaked at 2.69 million SLC per person in 2024 and was at its lowest, 0.7114 million SLC per person, in 2004.
That places Somalia 8th out of 194 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Somalia, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1970 | 1.21 million SLC per person | — |
| 1971 | 1.2 million SLC per person | -0.6% |
| 1972 | 1.34 million SLC per person | +11.9% |
| 1973 | 1.15 million SLC per person | -14.5% |
| 1974 | 1.13 million SLC per person | -1.8% |
| 1975 | 1.27 million SLC per person | +12.8% |
| 1976 | 1.2 million SLC per person | -5.6% |
| 1977 | 1.34 million SLC per person | +11.3% |
| 1978 | 1.31 million SLC per person | -2.1% |
| 1979 | 1.11 million SLC per person | -15.2% |
| 1980 | 1.08 million SLC per person | -2.4% |
| 1981 | 1.01 million SLC per person | -7.1% |
| 1982 | 1.15 million SLC per person | +14.3% |
| 1983 | 0.9201 million SLC per person | -20.0% |
| 1984 | 0.999 million SLC per person | +8.6% |
| 1985 | 1.27 million SLC per person | +27.6% |
| 1986 | 1.35 million SLC per person | +6.1% |
| 1987 | 1.47 million SLC per person | +8.8% |
| 1988 | 1.04 million SLC per person | -29.6% |
| 1989 | 1.27 million SLC per person | +22.8% |
| 1990 | 1.26 million SLC per person | -1.3% |
| 1991 | 1.23 million SLC per person | -2.1% |
| 1992 | 1.16 million SLC per person | -6.0% |
| 1993 | 1.14 million SLC per person | -1.3% |
| 1994 | 0.7995 million SLC per person | -29.9% |
| 1995 | 0.7814 million SLC per person | -2.3% |
| 1996 | 0.7675 million SLC per person | -1.8% |
| 1997 | 0.7224 million SLC per person | -5.9% |
| 1998 | 0.7262 million SLC per person | +0.5% |
| 1999 | 0.7626 million SLC per person | +5.0% |
| 2000 | 0.7371 million SLC per person | -3.3% |
| 2001 | 0.7764 million SLC per person | +5.3% |
| 2002 | 0.7352 million SLC per person | -5.3% |
| 2003 | 0.718 million SLC per person | -2.3% |
| 2004 | 0.7114 million SLC per person | -0.9% |
| 2005 | 0.7117 million SLC per person | +0.0% |
| 2006 | 0.7544 million SLC per person | +6.0% |
| 2007 | 0.7642 million SLC per person | +1.3% |
| 2008 | 0.7921 million SLC per person | +3.7% |
| 2009 | 0.8343 million SLC per person | +5.3% |
| 2010 | 0.8766 million SLC per person | +5.1% |
| 2011 | 0.9506 million SLC per person | +8.4% |
| 2012 | 1.04 million SLC per person | +9.7% |
| 2013 | 0.9306 million SLC per person | -10.7% |
| 2014 | 1.03 million SLC per person | +10.3% |
| 2015 | 1.25 million SLC per person | +21.4% |
| 2016 | 1.38 million SLC per person | +10.5% |
| 2017 | 1.57 million SLC per person | +14.2% |
| 2018 | 1.8 million SLC per person | +14.5% |
| 2019 | 1.94 million SLC per person | +7.6% |
| 2020 | 1.87 million SLC per person | -3.6% |
| 2021 | 1.89 million SLC per person | +1.0% |
| 2022 | 2.4 million SLC per person | +27.6% |
| 2023 | 2.53 million SLC per person | +5.4% |
| 2024 | 2.69 million SLC per person | +6.0% |
Somalia compared with similar countries
- Somalia's 2.69 million SLC per person is above the median for low income countries, which is 0.0447 million SLC per person, 60.1× the median. (23 countries reporting)
- Somalia's 2.69 million SLC per person is above the median for Sub-Saharan Africa, which is 0.0609 million SLC per person, 44.1× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.23 million SLC per person | 1.11 million SLC per person | 1.34 million SLC per person | 10 |
| 1980s | 1.16 million SLC per person | 0.9201 million SLC per person | 1.47 million SLC per person | 10 |
| 1990s | 0.9345 million SLC per person | 0.7224 million SLC per person | 1.26 million SLC per person | 10 |
| 2000s | 0.7535 million SLC per person | 0.7114 million SLC per person | 0.8343 million SLC per person | 10 |
| 2010s | 1.28 million SLC per person | 0.8766 million SLC per person | 1.94 million SLC per person | 10 |
| 2020s | 2.28 million SLC per person | 1.87 million SLC per person | 2.69 million SLC per person | 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 gross fixed capital formation — value standard local currency, 2015 in Somalia?
- Gross fixed capital formation — value standard local currency, 2015 in Somalia was 2.69 million SLC per person 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 2.69 million SLC per person in 2024.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Somalia?
- The lowest recorded value was 0.7114 million SLC per person in 2004.
- How does Somalia rank for gross fixed capital formation — value standard local currency, 2015?
- Somalia ranks 8th out of 194 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 up 161.7%. The long-run trend across the full record is rising.
- 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, per capita. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices ÷ Population, total
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 Food and Agriculture Organization of the United Nations
- Population, total World Population Prospects, United Nations (UN)
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
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.