Revenue, excluding grants in Somalia
Somalia: Revenue, excluding grants was 3.1% in 2024. ▲ Rising
Revenue, excluding grants in Somalia, 2017–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for revenue, excluding grants in Somalia is 3.1%, measured in 2024. That is the highest value across all 8 years on record.
The figure is up 2.6% on the previous year and up 64.9% over ten years.
That places Somalia 156th out of 157 countries with data for 2024, putting it in the bottom quarter.
Revenue, excluding grants in Somalia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2017 | 1.9% | — |
| 2018 | 2.3% | +24.5% |
| 2019 | 2.7% | +13.9% |
| 2020 | 2.4% | -7.7% |
| 2021 | 2.4% | -1.1% |
| 2022 | 2.6% | +6.3% |
| 2023 | 3.0% | +16.9% |
| 2024 | 3.1% | +2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.3% | 1.9% | 2.7% | 3 |
| 2020s | 2.7% | 2.4% | 3.1% | 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)
- Households and NPISHs Final consumption expenditure (current LCU) 16.23 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 40,140 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 26.54 million current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 3.1 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.9458 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 625.34 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 8.82 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 1.41 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is revenue, excluding grants in Somalia?
- Revenue, excluding grants in Somalia was 3.1% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest revenue, excluding grants recorded in Somalia?
- The highest recorded value was 3.1% in 2024.
- What is the lowest revenue, excluding grants recorded in Somalia?
- The lowest recorded value was 1.9% in 2017.
- How does Somalia rank for revenue, excluding grants?
- Somalia ranks 156th out of 157 countries with data for 2024.
- Is revenue, excluding grants rising or falling in Somalia?
- Over the last ten years it is up 64.9%. The long-run trend across the full record is rising.
- Where does this Somalia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Revenue, excluding grants (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.