PPP conversion factor, households and NPISHs Final consumption in Somalia
Somalia: PPP conversion factor, households and NPISHs Final consumption was 10,392 LCU per international $ in 2021. ▲ Rising
PPP conversion factor, households and NPISHs Final consumption in Somalia, 2017–2021
Source: International Comparison Program (ICP), World Bank (WB). Measured in LCU per international $.
Analysis
Somalia recorded 10,392 LCU per international $ for ppp conversion factor, households and npishs final consumption in 2021. That is the highest value across all 5 years on record.
Compared with earlier readings it is up 0.2% on the previous year and up 19.4% over five years.
Somalia ranks 3rd of 205 countries on this measure, in the top 10%.
PPP conversion factor, households and NPISHs Final consumption in Somalia, year by year
| Year | LCU per international $ | Change |
|---|---|---|
| 2017 | 8,705 LCU per international $ | — |
| 2018 | 9,037 LCU per international $ | +3.8% |
| 2019 | 9,784 LCU per international $ | +8.3% |
| 2020 | 10,374 LCU per international $ | +6.0% |
| 2021 | 10,392 LCU per international $ | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 9,175 LCU per international $ | 8,705 LCU per international $ | 9,784 LCU per international $ | 3 |
| 2020s | 10,383 LCU per international $ | 10,374 LCU per international $ | 10,392 LCU per international $ | 2 |
Countries ranked near Somalia
- 1 Iran, Islamic Republic of 157,796 LCU per international $ compare
- 2 Lebanon 58,470 LCU per international $ compare
- 4 Viet Nam 7,203 LCU per international $ compare
- 5 Lao People's Democratic Republic 5,870 LCU per international $ compare
- 6 Indonesia 5,066 LCU per international $ 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)
- GNI, Atlas method (current US$), annual growth rate 6.99 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.964 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 637.38 current US$ per person (2025)
- GNI (current US$), annual growth rate 6.01 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9961 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 658.58 current US$ per person (2025)
- GNI (current LCU), annual growth rate 13.5 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 29,985 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is ppp conversion factor, households and npishs final consumption in Somalia?
- Ppp conversion factor, households and npishs final consumption in Somalia was 10,392 LCU per international $ in 2021, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest ppp conversion factor, households and npishs final consumption recorded in Somalia?
- The highest recorded value was 10,392 LCU per international $ in 2021.
- What is the lowest ppp conversion factor, households and npishs final consumption recorded in Somalia?
- The lowest recorded value was 8,705 LCU per international $ in 2017.
- How does Somalia rank for ppp conversion factor, households and npishs final consumption?
- Somalia ranks 3rd out of 205 countries with data for 2021.
- Where does this Somalia data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $). Statizoid updates them automatically from the source API.
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About this data
The purchasing power parity (PPP) conversion factor is a currency conversion factor and a spatial price deflator. They convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for households and NPISHs Final consumption expenditure and the base currency is the US dollar.