Gross Fixed Capital Formation — Value Standard Local Currency, per in Somalia
Somalia: Gross Fixed Capital Formation — Value Standard Local Currency, per was 3.63 million SLC per person in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, per in Somalia, 1970–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
In 2024, gross fixed capital formation — value standard local currency, per in Somalia stood at 3.63 million SLC per person. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 11.8% on the previous year and up 241.5% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, per in Somalia peaked at 3.63 million SLC per person in 2024 and was at its lowest, 0.0001 million SLC per person, in 1970.
That places Somalia 10th out of 194 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 Formation — Value Standard Local Currency, per in Somalia, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1970 | 0.0001 million SLC per person | — |
| 1971 | 0.0001 million SLC per person | +3.6% |
| 1972 | 0.0001 million SLC per person | +45.2% |
| 1973 | 0.0001 million SLC per person | +8.2% |
| 1974 | 0.0002 million SLC per person | +86.2% |
| 1975 | 0.0002 million SLC per person | -3.3% |
| 1976 | 0.0002 million SLC per person | +16.6% |
| 1977 | 0.0002 million SLC per person | +6.4% |
| 1978 | 0.0002 million SLC per person | +15.4% |
| 1979 | 0.0003 million SLC per person | +12.5% |
| 1980 | 0.0003 million SLC per person | +1.9% |
| 1981 | 0.0001 million SLC per person | -73.7% |
| 1982 | 0.0001 million SLC per person | +66.7% |
| 1983 | 0.0009 million SLC per person | +595.6% |
| 1984 | 0.0009 million SLC per person | -0.8% |
| 1985 | 0.0012 million SLC per person | +34.7% |
| 1986 | 0.0029 million SLC per person | +145.3% |
| 1987 | 0.0039 million SLC per person | +37.6% |
| 1988 | 0.0072 million SLC per person | +81.8% |
| 1989 | 0.0185 million SLC per person | +158.8% |
| 1990 | 0.0604 million SLC per person | +226.0% |
| 1991 | 0.0731 million SLC per person | +21.2% |
| 1992 | 0.0862 million SLC per person | +17.9% |
| 1993 | 0.1446 million SLC per person | +67.7% |
| 1994 | 0.1572 million SLC per person | +8.7% |
| 1995 | 0.2025 million SLC per person | +28.9% |
| 1996 | 0.2678 million SLC per person | +32.3% |
| 1997 | 0.3416 million SLC per person | +27.6% |
| 1998 | 0.4025 million SLC per person | +17.8% |
| 1999 | 0.4695 million SLC per person | +16.6% |
| 2000 | 0.5483 million SLC per person | +16.8% |
| 2001 | 0.5987 million SLC per person | +9.2% |
| 2002 | 0.6563 million SLC per person | +9.6% |
| 2003 | 0.6367 million SLC per person | -3.0% |
| 2004 | 0.6886 million SLC per person | +8.2% |
| 2005 | 0.9134 million SLC per person | +32.6% |
| 2006 | 0.8708 million SLC per person | -4.7% |
| 2007 | 0.8952 million SLC per person | +2.8% |
| 2008 | 0.9711 million SLC per person | +8.5% |
| 2009 | 1.04 million SLC per person | +6.7% |
| 2010 | 0.9202 million SLC per person | -11.2% |
| 2011 | 0.9743 million SLC per person | +5.9% |
| 2012 | 1.04 million SLC per person | +7.1% |
| 2013 | 0.9535 million SLC per person | -8.6% |
| 2014 | 1.06 million SLC per person | +11.5% |
| 2015 | 1.25 million SLC per person | +17.2% |
| 2016 | 1.37 million SLC per person | +9.6% |
| 2017 | 1.63 million SLC per person | +19.5% |
| 2018 | 1.99 million SLC per person | +22.2% |
| 2019 | 2.11 million SLC per person | +5.8% |
| 2020 | 2.02 million SLC per person | -4.5% |
| 2021 | 2.4 million SLC per person | +19.0% |
| 2022 | 3.29 million SLC per person | +37.3% |
| 2023 | 3.25 million SLC per person | -1.3% |
| 2024 | 3.63 million SLC per person | +11.8% |
Somalia compared with similar countries
- Somalia's 3.63 million SLC per person is above the median for low income countries, which is 0.0939 million SLC per person, 38.7× the median. (23 countries reporting)
- Somalia's 3.63 million SLC per person is above the median for Sub-Saharan Africa, which is 0.0989 million SLC per person, 36.7× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value Standard Local Currency, per 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 |
|---|---|---|---|
| 1983 | +595.6% | 0.0001 million SLC per person | 0.0009 million SLC per person |
| 1990 | +226.0% | 0.0185 million SLC per person | 0.0604 million SLC per person |
| 1989 | +158.8% | 0.0072 million SLC per person | 0.0185 million SLC per person |
| 1986 | +145.3% | 0.0012 million SLC per person | 0.0029 million SLC per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0002 million SLC per person | 0.0001 million SLC per person | 0.0003 million SLC per person | 10 |
| 1980s | 0.0036 million SLC per person | 0.0001 million SLC per person | 0.0185 million SLC per person | 10 |
| 1990s | 0.2205 million SLC per person | 0.0604 million SLC per person | 0.4695 million SLC per person | 10 |
| 2000s | 0.7815 million SLC per person | 0.5483 million SLC per person | 1.04 million SLC per person | 10 |
| 2010s | 1.33 million SLC per person | 0.9202 million SLC per person | 2.11 million SLC per person | 10 |
| 2020s | 2.92 million SLC per person | 2.02 million SLC per person | 3.63 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, per in Somalia?
- Gross fixed capital formation — value standard local currency, per in Somalia was 3.63 million SLC per person in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value standard local currency, per recorded in Somalia?
- The highest recorded value was 3.63 million SLC per person in 2024.
- What is the lowest gross fixed capital formation — value standard local currency, per recorded in Somalia?
- The lowest recorded value was 0.0001 million SLC per person in 1970.
- How does Somalia rank for gross fixed capital formation — value standard local currency, per?
- Somalia ranks 10th out of 194 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, per rising or falling in Somalia?
- Over the last ten years it is up 241.5%. 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, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 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 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 ÷ Population, total
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency 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 divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.