Revenue Statistics in Africa - Comparative tax and non-tax revenues in Somalia
Somalia: Revenue Statistics in Africa - Comparative tax and non-tax revenues was 3.11 Percentage of GDP in 2024. ▲ Rising
Revenue Statistics in Africa - Comparative tax and non-tax revenues in Somalia, 2013–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Somalia recorded 3.11 Percentage of GDP for revenue statistics in africa - comparative tax and non-tax revenues in 2024. That is the highest value across all 12 years on record.
The figure is up 6.7% on the previous year and up 203.7% over ten years.
Over the whole period, revenue statistics in africa - comparative tax and non-tax revenues in Somalia peaked at 3.11 Percentage of GDP in 2024 and was at its lowest, 1.01 Percentage of GDP, in 2013.
That places Somalia 36th out of 36 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 12 years of available data.
Revenue Statistics in Africa - Comparative tax and non-tax revenues in Somalia, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2013 | 1.01 Percentage of GDP | — |
| 2014 | 1.02 Percentage of GDP | +1.9% |
| 2015 | 1.07 Percentage of GDP | +4.3% |
| 2016 | 1.01 Percentage of GDP | -5.7% |
| 2017 | 1.2 Percentage of GDP | +19.2% |
| 2018 | 1.58 Percentage of GDP | +31.3% |
| 2019 | 2.07 Percentage of GDP | +31.0% |
| 2020 | 2.51 Percentage of GDP | +21.5% |
| 2021 | 2.54 Percentage of GDP | +1.1% |
| 2022 | 2.55 Percentage of GDP | +0.5% |
| 2023 | 2.92 Percentage of GDP | +14.3% |
| 2024 | 3.11 Percentage of GDP | +6.7% |
Somalia compared with similar countries
- Somalia's 3.11 Percentage of GDP is below the median for Sub-Saharan Africa, which is 14.85 Percentage of GDP, 21% of the median. (32 countries reporting)
- Somalia's 3.11 Percentage of GDP is below the median for low income countries, which is 12.19 Percentage of GDP, 26% of the median. (13 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.28 Percentage of GDP | 1.01 Percentage of GDP | 2.07 Percentage of GDP | 7 |
| 2020s | 2.73 Percentage of GDP | 2.51 Percentage of GDP | 3.11 Percentage of GDP | 5 |
Countries ranked near Somalia
- 33 Sierra Leone 7.36 Percentage of GDP compare
- 34 Niger 7.16 Percentage of GDP compare
- 35 Equatorial Guinea 6.91 Percentage of GDP 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 revenue statistics in africa - comparative tax and non-tax revenues in Somalia?
- Revenue statistics in africa - comparative tax and non-tax revenues in Somalia was 3.11 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest revenue statistics in africa - comparative tax and non-tax revenues recorded in Somalia?
- The highest recorded value was 3.11 Percentage of GDP in 2024.
- What is the lowest revenue statistics in africa - comparative tax and non-tax revenues recorded in Somalia?
- The lowest recorded value was 1.01 Percentage of GDP in 2013.
- How does Somalia rank for revenue statistics in africa - comparative tax and non-tax revenues?
- Somalia ranks 36th out of 36 countries with data for 2024.
- Is revenue statistics in africa - comparative tax and non-tax revenues rising or falling in Somalia?
- Over the last ten years it is up 203.7%. The long-run trend across the full record is rising.
- Where does this Somalia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Revenue Statistics in Africa - Comparative tax and non-tax revenues. Statizoid updates them automatically from the source API.
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About this data
Internationally comparable tax and non-tax revenue data from Revenue Statistics in Africa countries presented as a percentage of GDP and as a share of total tax or non-tax revenue, as well as in national currency and US dollars. Tax revenues are harmonised according to the OECD classification of taxes. Related topics: Tax-to-GDP, Taxation, Tax structure, Tax mix, Regional average – change for each region, Domestic resource mobilisation, Public finance, Income tax, Social security contributions, Goods and services, Value added tax, VAT, Excise, Customs, Property tax, non-tax revenues, grants, royalties, fines, penalties, administrative fees, resource rents, sales of goods and services.