Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Somalia
Somalia: Gross Fixed Capital Formation — Value Standard Local Currency, 2015 was 74.16 million SLC per square kilometre in 2023. ◆ Volatile
Latest (2023)
74.16 million SLC per square kilometre
Change on year
up 8.7%
World rank
17th
of 194 countries
All-time high
74.16 million SLC per square kilometre
in 2023
All-time low
7.2 million SLC per square kilometre
in 1970
Years of data
54
1970–2023
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Somalia, 1970–2023
Source: Statizoid (derived). Measured in million SLC per square kilometre.
Analysis
In 2023, gross fixed capital formation — value standard local currency, 2015 in Somalia stood at 74.16 million SLC per square kilometre. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 8.7% on the previous year and up 288.4% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Somalia peaked at 74.16 million SLC per square kilometre in 2023 and was at its lowest, 7.2 million SLC per square kilometre, in 1970.
That places Somalia 17th out of 194 countries with data for 2023, 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 Formation — Value Standard Local Currency, 2015 in Somalia, year by year
| Year | million SLC per square kilometre | Change |
|---|---|---|
| 1970 | 7.2 million SLC per square kilometre | — |
| 1971 | 7.34 million SLC per square kilometre | +2.0% |
| 1972 | 8.44 million SLC per square kilometre | +14.9% |
| 1973 | 7.4 million SLC per square kilometre | -12.2% |
| 1974 | 7.46 million SLC per square kilometre | +0.8% |
| 1975 | 8.63 million SLC per square kilometre | +15.6% |
| 1976 | 8.35 million SLC per square kilometre | -3.2% |
| 1977 | 9.55 million SLC per square kilometre | +14.4% |
| 1978 | 10.04 million SLC per square kilometre | +5.2% |
| 1979 | 9.63 million SLC per square kilometre | -4.1% |
| 1980 | 10.25 million SLC per square kilometre | +6.4% |
| 1981 | 9.59 million SLC per square kilometre | -6.4% |
| 1982 | 11 million SLC per square kilometre | +14.7% |
| 1983 | 9.09 million SLC per square kilometre | -17.4% |
| 1984 | 10.24 million SLC per square kilometre | +12.6% |
| 1985 | 13.6 million SLC per square kilometre | +32.9% |
| 1986 | 15.04 million SLC per square kilometre | +10.6% |
| 1987 | 16.95 million SLC per square kilometre | +12.7% |
| 1988 | 11.96 million SLC per square kilometre | -29.5% |
| 1989 | 14.44 million SLC per square kilometre | +20.7% |
| 1990 | 14.19 million SLC per square kilometre | -1.7% |
| 1991 | 13.37 million SLC per square kilometre | -5.8% |
| 1992 | 11.97 million SLC per square kilometre | -10.4% |
| 1993 | 12.15 million SLC per square kilometre | +1.5% |
| 1994 | 8.96 million SLC per square kilometre | -26.3% |
| 1995 | 9.07 million SLC per square kilometre | +1.3% |
| 1996 | 9.24 million SLC per square kilometre | +1.9% |
| 1997 | 9.01 million SLC per square kilometre | -2.5% |
| 1998 | 9.44 million SLC per square kilometre | +4.8% |
| 1999 | 10.32 million SLC per square kilometre | +9.3% |
| 2000 | 10.39 million SLC per square kilometre | +0.6% |
| 2001 | 11.38 million SLC per square kilometre | +9.6% |
| 2002 | 11.19 million SLC per square kilometre | -1.7% |
| 2003 | 11.34 million SLC per square kilometre | +1.3% |
| 2004 | 11.66 million SLC per square kilometre | +2.8% |
| 2005 | 12.07 million SLC per square kilometre | +3.6% |
| 2006 | 13.2 million SLC per square kilometre | +9.3% |
| 2007 | 13.79 million SLC per square kilometre | +4.5% |
| 2008 | 14.73 million SLC per square kilometre | +6.8% |
| 2009 | 15.91 million SLC per square kilometre | +8.0% |
| 2010 | 17.13 million SLC per square kilometre | +7.7% |
| 2011 | 18.71 million SLC per square kilometre | +9.2% |
| 2012 | 20.71 million SLC per square kilometre | +10.7% |
| 2013 | 19.09 million SLC per square kilometre | -7.8% |
| 2014 | 21.83 million SLC per square kilometre | +14.4% |
| 2015 | 27.42 million SLC per square kilometre | +25.6% |
| 2016 | 31.48 million SLC per square kilometre | +14.8% |
| 2017 | 37.36 million SLC per square kilometre | +18.7% |
| 2018 | 44.32 million SLC per square kilometre | +18.6% |
| 2019 | 49.47 million SLC per square kilometre | +11.6% |
| 2020 | 49.52 million SLC per square kilometre | +0.1% |
| 2021 | 51.9 million SLC per square kilometre | +4.8% |
| 2022 | 68.25 million SLC per square kilometre | +31.5% |
| 2023 | 74.16 million SLC per square kilometre | +8.7% |
Somalia compared with similar countries
- Somalia's 74.16 million SLC per square kilometre is above the median for low income countries, which is 1.86 million SLC per square kilometre, 39.9× the median. (23 countries reporting)
- Somalia's 74.16 million SLC per square kilometre is above the median for Sub-Saharan Africa, which is 2.34 million SLC per square kilometre, 31.7× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.41 million SLC per square kilometre | 7.2 million SLC per square kilometre | 10.04 million SLC per square kilometre | 10 |
| 1980s | 12.22 million SLC per square kilometre | 9.09 million SLC per square kilometre | 16.95 million SLC per square kilometre | 10 |
| 1990s | 10.77 million SLC per square kilometre | 8.96 million SLC per square kilometre | 14.19 million SLC per square kilometre | 10 |
| 2000s | 12.57 million SLC per square kilometre | 10.39 million SLC per square kilometre | 15.91 million SLC per square kilometre | 10 |
| 2010s | 28.75 million SLC per square kilometre | 17.13 million SLC per square kilometre | 49.47 million SLC per square kilometre | 10 |
| 2020s | 60.96 million SLC per square kilometre | 49.52 million SLC per square kilometre | 74.16 million SLC per square kilometre | 4 |
Countries ranked near Somalia
- 14 Hungary 110.4 million SLC per square kilometre compare
- 15 Rwanda 97.48 million SLC per square kilometre compare
- 16 Bangladesh 74.63 million SLC per square kilometre compare
- 18 Guinea 62.36 million SLC per square kilometre compare
- 19 Chile 60.7 million SLC per square kilometre compare
- 20 Armenia 59.94 million SLC per square kilometre 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)
- 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 74.16 million SLC per square kilometre in 2023, 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 74.16 million SLC per square kilometre in 2023.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Somalia?
- The lowest recorded value was 7.2 million SLC per square kilometre in 1970.
- How does Somalia rank for gross fixed capital formation — value standard local currency, 2015?
- Somalia ranks 17th out of 194 countries with data for 2023.
- Is gross fixed capital formation — value standard local currency, 2015 rising or falling in Somalia?
- Over the last ten years it is up 288.4%. 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, per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices divided by Land area (sq. km), 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 ÷ Land area (sq. km)
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 Food and Agriculture Organization of the United Nations
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.