Gross Fixed Capital Formation — Value Standard Local Currency in Somalia
Somalia: Gross Fixed Capital Formation — Value Standard Local Currency was 69.04 million million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Somalia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Somalia recorded 69.04 million million SLC for gross fixed capital formation — value standard local currency in 2024. That is the highest value across all 55 years on record.
That represents a change of up 15.7% on the previous year and up 386.6% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Somalia peaked at 69.04 million million SLC in 2024 and was at its lowest, 222.53 million SLC, in 1970.
Somalia ranks 18th of 230 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 in Somalia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 222.53 million SLC | — |
| 1971 | 236.64 million SLC | +6.3% |
| 1972 | 352.79 million SLC | +49.1% |
| 1973 | 391.87 million SLC | +11.1% |
| 1974 | 749.01 million SLC | +91.1% |
| 1975 | 742.49 million SLC | -0.9% |
| 1976 | 887.95 million SLC | +19.6% |
| 1977 | 970 million SLC | +9.2% |
| 1978 | 1,202 million SLC | +23.9% |
| 1979 | 1,530 million SLC | +27.3% |
| 1980 | 1,698 million SLC | +11.0% |
| 1981 | 450 million SLC | -73.5% |
| 1982 | 753 million SLC | +67.3% |
| 1983 | 5,408 million SLC | +618.2% |
| 1984 | 5,563 million SLC | +2.9% |
| 1985 | 7,801 million SLC | +40.2% |
| 1986 | 19,940 million SLC | +155.6% |
| 1987 | 28,439 million SLC | +42.6% |
| 1988 | 51,760 million SLC | +82.0% |
| 1989 | 131,706 million SLC | +154.5% |
| 1990 | 427,457 million SLC | +224.6% |
| 1991 | 498,300 million SLC | +16.6% |
| 1992 | 560,066 million SLC | +12.4% |
| 1993 | 965,941 million SLC | +72.5% |
| 1994 | 1.10 million million SLC | +14.3% |
| 1995 | 1.48 million million SLC | +33.6% |
| 1996 | 2.02 million million SLC | +37.1% |
| 1997 | 2.67 million million SLC | +32.1% |
| 1998 | 3.28 million million SLC | +22.8% |
| 1999 | 3.99 million million SLC | +21.5% |
| 2000 | 4.85 million million SLC | +21.5% |
| 2001 | 5.51 million million SLC | +13.6% |
| 2002 | 6.27 million million SLC | +13.8% |
| 2003 | 6.31 million million SLC | +0.7% |
| 2004 | 7.08 million million SLC | +12.2% |
| 2005 | 9.72 million million SLC | +37.3% |
| 2006 | 9.56 million million SLC | -1.7% |
| 2007 | 10.14 million million SLC | +6.0% |
| 2008 | 11.33 million million SLC | +11.7% |
| 2009 | 12.40 million million SLC | +9.5% |
| 2010 | 11.28 million million SLC | -9.0% |
| 2011 | 12.03 million million SLC | +6.6% |
| 2012 | 13.00 million million SLC | +8.0% |
| 2013 | 12.27 million million SLC | -5.6% |
| 2014 | 14.19 million million SLC | +15.6% |
| 2015 | 17.20 million million SLC | +21.3% |
| 2016 | 19.60 million million SLC | +13.9% |
| 2017 | 24.35 million million SLC | +24.2% |
| 2018 | 30.81 million million SLC | +26.6% |
| 2019 | 33.83 million million SLC | +9.8% |
| 2020 | 33.56 million million SLC | -0.8% |
| 2021 | 41.43 million million SLC | +23.5% |
| 2022 | 58.64 million million SLC | +41.5% |
| 2023 | 59.66 million million SLC | +1.7% |
| 2024 | 69.04 million million SLC | +15.7% |
Somalia compared with similar countries
- Somalia's 69.04 million million SLC is above the median for low income countries, which is 2.25 million million SLC, 30.7× the median. (23 countries reporting)
- Somalia's 69.04 million million SLC is above the median for Sub-Saharan Africa, which is 1.26 million million SLC, 54.8× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value Standard Local Currency 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% | 753 million SLC | 5,408 million SLC |
| 1990 | +224.6% | 131,706 million SLC | 427,457 million SLC |
| 1986 | +155.6% | 7,801 million SLC | 19,940 million SLC |
| 1989 | +154.5% | 51,760 million SLC | 131,706 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 728.53 million SLC | 222.53 million SLC | 1,530 million SLC | 10 |
| 1980s | 25,352 million SLC | 450 million SLC | 131,706 million SLC | 10 |
| 1990s | 1.70 million million SLC | 427,457 million SLC | 3.99 million million SLC | 10 |
| 2000s | 8.31 million million SLC | 4.85 million million SLC | 12.40 million million SLC | 10 |
| 2010s | 18.86 million million SLC | 11.28 million million SLC | 33.83 million million SLC | 10 |
| 2020s | 52.46 million million SLC | 33.56 million million SLC | 69.04 million million SLC | 5 |
Countries ranked near Somalia
- 16 Chile 71.97 million million SLC compare
- 17 Paraguay 69.92 million million SLC compare
- 19 Democratic Republic of the Congo 65.42 million million SLC compare
- 20 Cambodia 58.26 million million SLC compare
- 21 China, mainland 56.10 million million SLC 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)
- SDRs holdings, US dollar, annual growth rate 25.66 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0238 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 15.71 units per person (2025)
- SDRs holdings, SDR, annual growth rate 19.66 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0174 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 11.47 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0172 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Somalia?
- Gross fixed capital formation — value standard local currency in Somalia was 69.04 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Somalia?
- The highest recorded value was 69.04 million million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Somalia?
- The lowest recorded value was 222.53 million SLC in 1970.
- How does Somalia rank for gross fixed capital formation — value standard local currency?
- Somalia ranks 18th out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Somalia?
- Over the last ten years it is up 386.6%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).