Gross value added at basic prices (GVA) in Somalia
Somalia: Gross value added at basic prices (GVA) was 1.67 trillion current LCU in 1990. ◆ Volatile
Gross value added at basic prices (GVA) in Somalia, 1960–1990
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Somalia recorded 1.67 trillion current LCU for gross value added at basic prices (gva) in 1990. That is the highest value across all 31 years on record.
The figure is up 211.8% on the previous year and up 10,099.7% over ten years.
Over the whole period, gross value added at basic prices (gva) in Somalia peaked at 1.67 trillion current LCU in 1990 and was at its lowest, 1.17 billion current LCU, in 1960.
That places Somalia 90th out of 207 countries with data for 1990, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Somalia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 1.17 billion current LCU | — |
| 1961 | 1.24 billion current LCU | +6.2% |
| 1962 | 1.32 billion current LCU | +6.2% |
| 1963 | 1.40 billion current LCU | +6.2% |
| 1964 | 1.49 billion current LCU | +6.2% |
| 1965 | 1.57 billion current LCU | +5.4% |
| 1966 | 1.65 billion current LCU | +5.6% |
| 1967 | 1.75 billion current LCU | +5.6% |
| 1968 | 1.82 billion current LCU | +4.2% |
| 1969 | 1.90 billion current LCU | +4.7% |
| 1970 | 2.00 billion current LCU | +5.3% |
| 1971 | 2.07 billion current LCU | +3.4% |
| 1972 | 2.58 billion current LCU | +24.5% |
| 1973 | 2.80 billion current LCU | +8.6% |
| 1974 | 2.47 billion current LCU | -11.9% |
| 1975 | 4.03 billion current LCU | +63.1% |
| 1976 | 4.60 billion current LCU | +14.3% |
| 1977 | 6.31 billion current LCU | +37.0% |
| 1978 | 7.15 billion current LCU | +13.3% |
| 1979 | 7.83 billion current LCU | +9.6% |
| 1980 | 16.34 billion current LCU | +108.6% |
| 1981 | 20.27 billion current LCU | +24.0% |
| 1982 | 27.06 billion current LCU | +33.5% |
| 1983 | 32.11 billion current LCU | +18.7% |
| 1984 | 59.78 billion current LCU | +86.2% |
| 1985 | 83.26 billion current LCU | +39.3% |
| 1986 | 113.36 billion current LCU | +36.2% |
| 1987 | 160.72 billion current LCU | +41.8% |
| 1988 | 273.18 billion current LCU | +70.0% |
| 1989 | 534.51 billion current LCU | +95.7% |
| 1990 | 1.67 trillion current LCU | +211.8% |
Somalia compared with similar countries
- Somalia's 1.67 trillion current LCU is below the median for low income countries, which is 12.27 trillion current LCU, 14% of the median. (23 countries reporting)
- Somalia's 1.67 trillion current LCU is below the median for Sub-Saharan Africa, which is 7.39 trillion current LCU, 23% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) 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 |
|---|---|---|---|
| 1990 | +211.8% | 534.51 billion current LCU | 1.67 trillion current LCU |
| 1980 | +108.6% | 7.83 billion current LCU | 16.34 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.53 billion current LCU | 1.17 billion current LCU | 1.90 billion current LCU | 10 |
| 1970s | 4.18 billion current LCU | 2.00 billion current LCU | 7.83 billion current LCU | 10 |
| 1980s | 132.06 billion current LCU | 16.34 billion current LCU | 534.51 billion current LCU | 10 |
| 1990s | 1.67 trillion current LCU | 1.67 trillion current LCU | 1.67 trillion current LCU | 1 |
Countries ranked near Somalia
- 87 Israel 1.83 trillion current LCU
- 88 Romania 1.73 trillion current LCU
- 89 Kyrgyzstan 1.69 trillion current LCU
- 91 Central African Republic 1.58 trillion current LCU compare
- 92 Zimbabwe 1.54 trillion current LCU compare
- 93 Spain 1.53 trillion current LCU 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 value added at basic prices (gva) in Somalia?
- Gross value added at basic prices (gva) in Somalia was 1.67 trillion current LCU in 1990, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Somalia?
- The highest recorded value was 1.67 trillion current LCU in 1990.
- What is the lowest gross value added at basic prices (gva) recorded in Somalia?
- The lowest recorded value was 1.17 billion current LCU in 1960.
- How does Somalia rank for gross value added at basic prices (gva)?
- Somalia ranks 90th out of 207 countries with data for 1990.
- Is gross value added at basic prices (gva) rising or falling in Somalia?
- Over the last ten years it is up 10,099.7%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.