Gross National Income — Value Standard Local Currency, annual growth in Somalia
Somalia: Gross National Income — Value Standard Local Currency, annual growth was 7.57 % change on previous year in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency, annual growth in Somalia, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gross national income — value standard local currency, annual growth in Somalia stood at 7.57 % change on previous year.
That represents a change of down 0.1% on the previous year and up 77.8% over ten years.
Over the whole period, gross national income — value standard local currency, annual growth in Somalia peaked at 217.18 % change on previous year in 1990 and was at its lowest, -9.55 % change on previous year, in 2010.
Somalia ranks 134th of 231 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross National Income — Value Standard Local Currency, annual growth in Somalia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 4.3 % change on previous year | — |
| 1972 | 23.56 % change on previous year | +448.5% |
| 1973 | 9.68 % change on previous year | -58.9% |
| 1974 | -7.46 % change on previous year | -177.1% |
| 1975 | 51.42 % change on previous year | -788.8% |
| 1976 | 13.69 % change on previous year | -73.4% |
| 1977 | 34.91 % change on previous year | +155.0% |
| 1978 | 18.84 % change on previous year | -46.0% |
| 1979 | 10.15 % change on previous year | -46.1% |
| 1980 | 92.65 % change on previous year | +813.0% |
| 1981 | 27.07 % change on previous year | -70.8% |
| 1982 | 31.56 % change on previous year | +16.6% |
| 1983 | 20.97 % change on previous year | -33.5% |
| 1984 | 75.08 % change on previous year | +258.0% |
| 1985 | 39.09 % change on previous year | -47.9% |
| 1986 | 34.02 % change on previous year | -13.0% |
| 1987 | 43.45 % change on previous year | +27.7% |
| 1988 | 74.61 % change on previous year | +71.7% |
| 1989 | 102.45 % change on previous year | +37.3% |
| 1990 | 217.18 % change on previous year | +112.0% |
| 1991 | 43.7 % change on previous year | -79.9% |
| 1992 | 14.56 % change on previous year | -66.7% |
| 1993 | 60.94 % change on previous year | +318.4% |
| 1994 | 27.33 % change on previous year | -55.1% |
| 1995 | 36.95 % change on previous year | +35.2% |
| 1996 | 41.16 % change on previous year | +11.4% |
| 1997 | 35.29 % change on previous year | -14.3% |
| 1998 | 30.07 % change on previous year | -14.8% |
| 1999 | 22.84 % change on previous year | -24.1% |
| 2000 | 22.98 % change on previous year | +0.6% |
| 2001 | 16.16 % change on previous year | -29.7% |
| 2002 | 16.07 % change on previous year | -0.5% |
| 2003 | 14.53 % change on previous year | -9.6% |
| 2004 | 14.54 % change on previous year | +0.1% |
| 2005 | 24.5 % change on previous year | +68.5% |
| 2006 | -0.6875 % change on previous year | -102.8% |
| 2007 | 10.59 % change on previous year | -1640.6% |
| 2008 | 9.04 % change on previous year | -14.7% |
| 2009 | 9.38 % change on previous year | +3.8% |
| 2010 | -9.55 % change on previous year | -201.9% |
| 2011 | 3.75 % change on previous year | -139.3% |
| 2012 | 4.64 % change on previous year | +23.6% |
| 2013 | 4.26 % change on previous year | -8.3% |
| 2014 | 23.95 % change on previous year | +462.6% |
| 2015 | 25.61 % change on previous year | +6.9% |
| 2016 | 15.57 % change on previous year | -39.2% |
| 2017 | 12 % change on previous year | -22.9% |
| 2018 | 0.3545 % change on previous year | -97.0% |
| 2019 | 9.97 % change on previous year | +2712.3% |
| 2020 | -0.3465 % change on previous year | -103.5% |
| 2021 | 9.91 % change on previous year | -2958.8% |
| 2022 | 7.58 % change on previous year | -23.5% |
| 2023 | 7.57 % change on previous year | -0.1% |
Biggest year-on-year movements
Years where Gross National Income — Value Standard Local Currency, annual growth 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 | +2958.8% | -0.3465 % change on previous year | 9.91 % change on previous year |
| 2019 | +2712.3% | 0.3545 % change on previous year | 9.97 % change on previous year |
| 2007 | +1640.6% | -0.6875 % change on previous year | 10.59 % change on previous year |
| 1980 | +813.0% | 10.15 % change on previous year | 92.65 % change on previous year |
| 1975 | +788.8% | -7.46 % change on previous year | 51.42 % change on previous year |
| 2014 | +462.6% | 4.26 % change on previous year | 23.95 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.68 % change on previous year | -7.46 % change on previous year | 51.42 % change on previous year | 9 |
| 1980s | 54.1 % change on previous year | 20.97 % change on previous year | 102.45 % change on previous year | 10 |
| 1990s | 53 % change on previous year | 14.56 % change on previous year | 217.18 % change on previous year | 10 |
| 2000s | 13.71 % change on previous year | -0.6875 % change on previous year | 24.5 % change on previous year | 10 |
| 2010s | 9.05 % change on previous year | -9.55 % change on previous year | 25.61 % change on previous year | 10 |
| 2020s | 6.18 % change on previous year | -0.3465 % change on previous year | 9.91 % change on previous year | 4 |
Countries ranked near Somalia
- 131 Mexico 7.97 % change on previous year compare
- 132 Greece 7.95 % change on previous year compare
- 133 Vanuatu 7.77 % change on previous year compare
- 135 Latvia 7.54 % change on previous year compare
- 136 Grenada 7.45 % change on previous year compare
- 137 Belgium 7.43 % 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 national income — value standard local currency, annual growth in Somalia?
- Gross national income — value standard local currency, annual growth in Somalia was 7.57 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross national income — value standard local currency, annual growth recorded in Somalia?
- The highest recorded value was 217.18 % change on previous year in 1990.
- What is the lowest gross national income — value standard local currency, annual growth recorded in Somalia?
- The lowest recorded value was -9.55 % change on previous year in 2010.
- How does Somalia rank for gross national income — value standard local currency, annual growth?
- Somalia ranks 134th out of 231 countries with data for 2023.
- Is gross national income — value standard local currency, annual growth rising or falling in Somalia?
- Over the last ten years it is up 77.8%. 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 National Income — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 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 National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross National Income — 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 National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.