Gross Fixed Capital Formation — Value Standard Local Currency, per in Somalia
Somalia: Gross Fixed Capital Formation — Value Standard Local Currency, per was 0.0058 million SLC per US$ of GDP in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, per in Somalia, 1970–2024
Source: Statizoid (derived). Measured in million SLC per US$ of GDP.
Analysis
The most recent figure for gross fixed capital formation — value standard local currency, per in Somalia is 0.0058 million SLC per US$ of GDP, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 6.0% on the previous year and up 132.9% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, per in Somalia peaked at 0.0058 million SLC per US$ of GDP in 2024 and was at its lowest, 0 million SLC per US$ of GDP, in 1970.
That places Somalia 3rd out of 193 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 US$ of GDP | Change |
|---|---|---|
| 1970 | 0 million SLC per US$ of GDP | — |
| 1971 | 0 million SLC per US$ of GDP | +6.6% |
| 1972 | 0 million SLC per US$ of GDP | +15.5% |
| 1973 | 0 million SLC per US$ of GDP | +2.9% |
| 1974 | 0 million SLC per US$ of GDP | +61.5% |
| 1975 | 0 million SLC per US$ of GDP | -25.0% |
| 1976 | 0 million SLC per US$ of GDP | +3.9% |
| 1977 | 0 million SLC per US$ of GDP | +90.9% |
| 1978 | 0 million SLC per US$ of GDP | +9.4% |
| 1979 | 0 million SLC per US$ of GDP | +21.9% |
| 1980 | 0 million SLC per US$ of GDP | +8.6% |
| 1981 | 0 million SLC per US$ of GDP | -77.2% |
| 1982 | 0 million SLC per US$ of GDP | +51.1% |
| 1983 | 0 million SLC per US$ of GDP | +656.4% |
| 1984 | 0 million SLC per US$ of GDP | -3.9% |
| 1985 | 0 million SLC per US$ of GDP | +26.1% |
| 1986 | 0 million SLC per US$ of GDP | +144.2% |
| 1987 | 0 million SLC per US$ of GDP | +28.3% |
| 1988 | 0 million SLC per US$ of GDP | +76.4% |
| 1989 | 0.0001 million SLC per US$ of GDP | +126.5% |
| 1990 | 0.0004 million SLC per US$ of GDP | +271.8% |
| 1991 | 0.0007 million SLC per US$ of GDP | +67.4% |
| 1992 | 0.0008 million SLC per US$ of GDP | +13.8% |
| 1993 | 0.0008 million SLC per US$ of GDP | -2.9% |
| 1994 | 0.0007 million SLC per US$ of GDP | -2.7% |
| 1995 | 0.001 million SLC per US$ of GDP | +28.9% |
| 1996 | 0.0011 million SLC per US$ of GDP | +17.4% |
| 1997 | 0.0012 million SLC per US$ of GDP | +8.0% |
| 1998 | 0.0011 million SLC per US$ of GDP | -9.1% |
| 1999 | 0.0013 million SLC per US$ of GDP | +18.1% |
| 2000 | 0.0014 million SLC per US$ of GDP | +8.5% |
| 2001 | 0.0024 million SLC per US$ of GDP | +72.2% |
| 2002 | 0.0029 million SLC per US$ of GDP | +16.9% |
| 2003 | 0.0022 million SLC per US$ of GDP | -22.2% |
| 2004 | 0.0018 million SLC per US$ of GDP | -17.5% |
| 2005 | 0.0021 million SLC per US$ of GDP | +13.2% |
| 2006 | 0.0019 million SLC per US$ of GDP | -8.4% |
| 2007 | 0.0019 million SLC per US$ of GDP | -1.8% |
| 2008 | 0.0019 million SLC per US$ of GDP | +2.6% |
| 2009 | 0.0042 million SLC per US$ of GDP | +119.5% |
| 2010 | 0.0042 million SLC per US$ of GDP | -0.2% |
| 2011 | 0.0041 million SLC per US$ of GDP | -1.4% |
| 2012 | 0.003 million SLC per US$ of GDP | -28.1% |
| 2013 | 0.0024 million SLC per US$ of GDP | -18.6% |
| 2014 | 0.0025 million SLC per US$ of GDP | +2.2% |
| 2015 | 0.0028 million SLC per US$ of GDP | +12.9% |
| 2016 | 0.003 million SLC per US$ of GDP | +6.0% |
| 2017 | 0.0032 million SLC per US$ of GDP | +7.8% |
| 2018 | 0.0039 million SLC per US$ of GDP | +22.5% |
| 2019 | 0.0039 million SLC per US$ of GDP | -0.2% |
| 2020 | 0.0039 million SLC per US$ of GDP | -0.5% |
| 2021 | 0.0044 million SLC per US$ of GDP | +12.3% |
| 2022 | 0.0057 million SLC per US$ of GDP | +31.5% |
| 2023 | 0.0054 million SLC per US$ of GDP | -5.3% |
| 2024 | 0.0058 million SLC per US$ of GDP | +6.0% |
Somalia compared with similar countries
- Somalia's 0.0058 million SLC per US$ of GDP is above the median for low income countries, which is 0.0001 million SLC per US$ of GDP, 57.3× the median. (23 countries reporting)
- Somalia's 0.0058 million SLC per US$ of GDP is above the median for Sub-Saharan Africa, which is 0.0001 million SLC per US$ of GDP, 95.6× 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 | +656.4% | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP |
| 1990 | +271.8% | 0.0001 million SLC per US$ of GDP | 0.0004 million SLC per US$ of GDP |
| 1986 | +144.2% | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP |
| 1989 | +126.5% | 0 million SLC per US$ of GDP | 0.0001 million SLC per US$ of GDP |
| 2009 | +119.5% | 0.0019 million SLC per US$ of GDP | 0.0042 million SLC per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 10 |
| 1980s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0.0001 million SLC per US$ of GDP | 10 |
| 1990s | 0.0009 million SLC per US$ of GDP | 0.0004 million SLC per US$ of GDP | 0.0013 million SLC per US$ of GDP | 10 |
| 2000s | 0.0023 million SLC per US$ of GDP | 0.0014 million SLC per US$ of GDP | 0.0042 million SLC per US$ of GDP | 10 |
| 2010s | 0.0033 million SLC per US$ of GDP | 0.0024 million SLC per US$ of GDP | 0.0042 million SLC per US$ of GDP | 10 |
| 2020s | 0.005 million SLC per US$ of GDP | 0.0039 million SLC per US$ of GDP | 0.0058 million SLC per US$ of GDP | 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$), annual growth rate 0.6536 % change on previous year (1989)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency, per in Somalia?
- Gross fixed capital formation — value standard local currency, per in Somalia was 0.0058 million SLC per US$ of GDP 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 0.0058 million SLC per US$ of GDP in 2024.
- What is the lowest gross fixed capital formation — value standard local currency, per recorded in Somalia?
- The lowest recorded value was 0 million SLC per US$ of GDP in 1970.
- How does Somalia rank for gross fixed capital formation — value standard local currency, per?
- Somalia ranks 3rd out of 193 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 132.9%. 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 unit of GDP. 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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Fixed Capital Formation — Value Standard Local Currency ÷ GDP (current US$)
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency Food and Agriculture Organization of the United Nations
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.