Gross Fixed Capital Formation — Value Standard Local Currency, annual in Somalia
Somalia: Gross Fixed Capital Formation — Value Standard Local Currency, annual was 15.73 % change on previous year in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, annual in Somalia, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross fixed capital formation — value standard local currency, annual in Somalia stood at 15.73 % change on previous year.
Compared with earlier readings it is up 803.5% on the previous year and up 0.7% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, annual in Somalia peaked at 618.19 % change on previous year in 1983 and was at its lowest, -73.5 % change on previous year, in 1981.
That places Somalia 26th out of 230 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency, annual in Somalia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 6.34 % change on previous year | — |
| 1972 | 49.08 % change on previous year | +674.0% |
| 1973 | 11.08 % change on previous year | -77.4% |
| 1974 | 91.14 % change on previous year | +722.8% |
| 1975 | -0.8696 % change on previous year | -101.0% |
| 1976 | 19.59 % change on previous year | -2353.0% |
| 1977 | 9.24 % change on previous year | -52.8% |
| 1978 | 23.92 % change on previous year | +158.8% |
| 1979 | 27.29 % change on previous year | +14.1% |
| 1980 | 10.98 % change on previous year | -59.8% |
| 1981 | -73.5 % change on previous year | -769.4% |
| 1982 | 67.33 % change on previous year | -191.6% |
| 1983 | 618.19 % change on previous year | +818.1% |
| 1984 | 2.87 % change on previous year | -99.5% |
| 1985 | 40.23 % change on previous year | +1303.6% |
| 1986 | 155.61 % change on previous year | +286.8% |
| 1987 | 42.62 % change on previous year | -72.6% |
| 1988 | 82 % change on previous year | +92.4% |
| 1989 | 154.46 % change on previous year | +88.4% |
| 1990 | 224.55 % change on previous year | +45.4% |
| 1991 | 16.57 % change on previous year | -92.6% |
| 1992 | 12.4 % change on previous year | -25.2% |
| 1993 | 72.47 % change on previous year | +484.6% |
| 1994 | 14.32 % change on previous year | -80.2% |
| 1995 | 33.6 % change on previous year | +134.6% |
| 1996 | 37.15 % change on previous year | +10.6% |
| 1997 | 32.12 % change on previous year | -13.5% |
| 1998 | 22.81 % change on previous year | -29.0% |
| 1999 | 21.45 % change on previous year | -6.0% |
| 2000 | 21.53 % change on previous year | +0.4% |
| 2001 | 13.64 % change on previous year | -36.7% |
| 2002 | 13.82 % change on previous year | +1.3% |
| 2003 | 0.6583 % change on previous year | -95.2% |
| 2004 | 12.21 % change on previous year | +1754.8% |
| 2005 | 37.33 % change on previous year | +205.7% |
| 2006 | -1.69 % change on previous year | -104.5% |
| 2007 | 6.05 % change on previous year | -457.3% |
| 2008 | 11.75 % change on previous year | +94.2% |
| 2009 | 9.46 % change on previous year | -19.5% |
| 2010 | -8.98 % change on previous year | -195.0% |
| 2011 | 6.62 % change on previous year | -173.7% |
| 2012 | 8.03 % change on previous year | +21.2% |
| 2013 | -5.59 % change on previous year | -169.6% |
| 2014 | 15.62 % change on previous year | -379.4% |
| 2015 | 21.26 % change on previous year | +36.2% |
| 2016 | 13.94 % change on previous year | -34.4% |
| 2017 | 24.19 % change on previous year | +73.5% |
| 2018 | 26.56 % change on previous year | +9.8% |
| 2019 | 9.78 % change on previous year | -63.2% |
| 2020 | -0.7902 % change on previous year | -108.1% |
| 2021 | 23.46 % change on previous year | -3068.9% |
| 2022 | 41.52 % change on previous year | +77.0% |
| 2023 | 1.74 % change on previous year | -95.8% |
| 2024 | 15.73 % change on previous year | +803.5% |
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value Standard Local Currency, annual 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 | +3068.9% | -0.7902 % change on previous year | 23.46 % change on previous year |
| 1976 | +2353.0% | -0.8696 % change on previous year | 19.59 % change on previous year |
| 2004 | +1754.8% | 0.6583 % change on previous year | 12.21 % change on previous year |
| 1985 | +1303.6% | 2.87 % change on previous year | 40.23 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 26.31 % change on previous year | -0.8696 % change on previous year | 91.14 % change on previous year | 9 |
| 1980s | 110.08 % change on previous year | -73.5 % change on previous year | 618.19 % change on previous year | 10 |
| 1990s | 48.74 % change on previous year | 12.4 % change on previous year | 224.55 % change on previous year | 10 |
| 2000s | 12.47 % change on previous year | -1.69 % change on previous year | 37.33 % change on previous year | 10 |
| 2010s | 11.14 % change on previous year | -8.98 % change on previous year | 26.56 % change on previous year | 10 |
| 2020s | 16.33 % change on previous year | -0.7902 % change on previous year | 41.52 % change on previous year | 5 |
Countries ranked near Somalia
- 23 Georgia 16.73 % change on previous year compare
- 24 Sudan (former) 16.43 % change on previous year compare
- 25 Cameroon 16.37 % change on previous year compare
- 27 Croatia 15.41 % change on previous year compare
- 28 Cote d'Ivoire 14.95 % change on previous year compare
- 28 Côte d'Ivoire 14.95 % change on previous year 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, annual in Somalia?
- Gross fixed capital formation — value standard local currency, annual in Somalia was 15.73 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value standard local currency, annual recorded in Somalia?
- The highest recorded value was 618.19 % change on previous year in 1983.
- What is the lowest gross fixed capital formation — value standard local currency, annual recorded in Somalia?
- The lowest recorded value was -73.5 % change on previous year in 1981.
- How does Somalia rank for gross fixed capital formation — value standard local currency, annual?
- Somalia ranks 26th out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, annual rising or falling in Somalia?
- Over the last ten years it is up 0.7%. 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, annual growth rate. 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
The year-on-year percentage change in Gross Fixed Capital Formation — Value Standard Local Currency. 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 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. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.