Gross Fixed Capital Formation — Value Standard Local Currency, per in Somalia
Somalia: Gross Fixed Capital Formation — Value Standard Local Currency, per was 95.09 million SLC per square kilometre in 2023. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, per in Somalia, 1970–2023
Source: Statizoid (derived). Measured in million SLC per square kilometre.
Analysis
Somalia recorded 95.09 million SLC per square kilometre for gross fixed capital formation — value standard local currency, per in 2023. That is the highest value across all 54 years on record.
That represents a change of up 1.7% on the previous year and up 386.2% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, per in Somalia peaked at 95.09 million SLC per square kilometre in 2023 and was at its lowest, 0.0004 million SLC per square kilometre, in 1970.
Somalia ranks 19th of 194 countries on this measure, 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 square kilometre | Change |
|---|---|---|
| 1970 | 0.0004 million SLC per square kilometre | — |
| 1971 | 0.0004 million SLC per square kilometre | +6.3% |
| 1972 | 0.0006 million SLC per square kilometre | +49.1% |
| 1973 | 0.0006 million SLC per square kilometre | +11.1% |
| 1974 | 0.0012 million SLC per square kilometre | +91.1% |
| 1975 | 0.0012 million SLC per square kilometre | -0.9% |
| 1976 | 0.0014 million SLC per square kilometre | +19.6% |
| 1977 | 0.0015 million SLC per square kilometre | +9.2% |
| 1978 | 0.0019 million SLC per square kilometre | +23.9% |
| 1979 | 0.0024 million SLC per square kilometre | +27.3% |
| 1980 | 0.0027 million SLC per square kilometre | +11.0% |
| 1981 | 0.0007 million SLC per square kilometre | -73.5% |
| 1982 | 0.0012 million SLC per square kilometre | +67.3% |
| 1983 | 0.0086 million SLC per square kilometre | +618.2% |
| 1984 | 0.0089 million SLC per square kilometre | +2.9% |
| 1985 | 0.0124 million SLC per square kilometre | +40.2% |
| 1986 | 0.0318 million SLC per square kilometre | +155.6% |
| 1987 | 0.0453 million SLC per square kilometre | +42.6% |
| 1988 | 0.0825 million SLC per square kilometre | +82.0% |
| 1989 | 0.2099 million SLC per square kilometre | +154.5% |
| 1990 | 0.6814 million SLC per square kilometre | +224.6% |
| 1991 | 0.7943 million SLC per square kilometre | +16.6% |
| 1992 | 0.8928 million SLC per square kilometre | +12.4% |
| 1993 | 1.54 million SLC per square kilometre | +72.5% |
| 1994 | 1.76 million SLC per square kilometre | +14.3% |
| 1995 | 2.35 million SLC per square kilometre | +33.6% |
| 1996 | 3.23 million SLC per square kilometre | +37.1% |
| 1997 | 4.26 million SLC per square kilometre | +32.1% |
| 1998 | 5.23 million SLC per square kilometre | +22.8% |
| 1999 | 6.36 million SLC per square kilometre | +21.5% |
| 2000 | 7.72 million SLC per square kilometre | +21.5% |
| 2001 | 8.78 million SLC per square kilometre | +13.6% |
| 2002 | 9.99 million SLC per square kilometre | +13.8% |
| 2003 | 10.06 million SLC per square kilometre | +0.7% |
| 2004 | 11.28 million SLC per square kilometre | +12.2% |
| 2005 | 15.5 million SLC per square kilometre | +37.3% |
| 2006 | 15.23 million SLC per square kilometre | -1.7% |
| 2007 | 16.16 million SLC per square kilometre | +6.0% |
| 2008 | 18.05 million SLC per square kilometre | +11.7% |
| 2009 | 19.76 million SLC per square kilometre | +9.5% |
| 2010 | 17.99 million SLC per square kilometre | -9.0% |
| 2011 | 19.18 million SLC per square kilometre | +6.6% |
| 2012 | 20.72 million SLC per square kilometre | +8.0% |
| 2013 | 19.56 million SLC per square kilometre | -5.6% |
| 2014 | 22.61 million SLC per square kilometre | +15.6% |
| 2015 | 27.42 million SLC per square kilometre | +21.3% |
| 2016 | 31.25 million SLC per square kilometre | +13.9% |
| 2017 | 38.81 million SLC per square kilometre | +24.2% |
| 2018 | 49.12 million SLC per square kilometre | +26.6% |
| 2019 | 53.92 million SLC per square kilometre | +9.8% |
| 2020 | 53.49 million SLC per square kilometre | -0.8% |
| 2021 | 66.04 million SLC per square kilometre | +23.5% |
| 2022 | 93.47 million SLC per square kilometre | +41.5% |
| 2023 | 95.09 million SLC per square kilometre | +1.7% |
Somalia compared with similar countries
- Somalia's 95.09 million SLC per square kilometre is above the median for low income countries, which is 2.31 million SLC per square kilometre, 41.1× the median. (23 countries reporting)
- Somalia's 95.09 million SLC per square kilometre is above the median for Sub-Saharan Africa, which is 3.96 million SLC per square kilometre, 24.0× 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 | +618.2% | 0.0012 million SLC per square kilometre | 0.0086 million SLC per square kilometre |
| 1990 | +224.6% | 0.2099 million SLC per square kilometre | 0.6814 million SLC per square kilometre |
| 1986 | +155.6% | 0.0124 million SLC per square kilometre | 0.0318 million SLC per square kilometre |
| 1989 | +154.5% | 0.0825 million SLC per square kilometre | 0.2099 million SLC per square kilometre |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0012 million SLC per square kilometre | 0.0004 million SLC per square kilometre | 0.0024 million SLC per square kilometre | 10 |
| 1980s | 0.0404 million SLC per square kilometre | 0.0007 million SLC per square kilometre | 0.2099 million SLC per square kilometre | 10 |
| 1990s | 2.71 million SLC per square kilometre | 0.6814 million SLC per square kilometre | 6.36 million SLC per square kilometre | 10 |
| 2000s | 13.25 million SLC per square kilometre | 7.72 million SLC per square kilometre | 19.76 million SLC per square kilometre | 10 |
| 2010s | 30.06 million SLC per square kilometre | 17.99 million SLC per square kilometre | 53.92 million SLC per square kilometre | 10 |
| 2020s | 77.02 million SLC per square kilometre | 53.49 million SLC per square kilometre | 95.09 million SLC per square kilometre | 4 |
Countries ranked near Somalia
- 16 Maldives 119.06 million SLC per square kilometre compare
- 17 Bangladesh 106.94 million SLC per square kilometre compare
- 18 Guinea 100.97 million SLC per square kilometre compare
- 20 Nigeria 91.01 million SLC per square kilometre compare
- 21 Chile 90.44 million SLC per square kilometre compare
- 22 Sri Lanka 80.76 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, per in Somalia?
- Gross fixed capital formation — value standard local currency, per in Somalia was 95.09 million SLC per square kilometre in 2023, 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 95.09 million SLC per square kilometre in 2023.
- What is the lowest gross fixed capital formation — value standard local currency, per recorded in Somalia?
- The lowest recorded value was 0.0004 million SLC per square kilometre in 1970.
- How does Somalia rank for gross fixed capital formation — value standard local currency, per?
- Somalia ranks 19th out of 194 countries with data for 2023.
- Is gross fixed capital formation — value standard local currency, per rising or falling in Somalia?
- Over the last ten years it is up 386.2%. 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 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 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 ÷ Land area (sq. km)
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency 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 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.