Compensation of employees (current LCU) in Somalia
Somalia: Compensation of employees (current LCU) was 9.60 trillion current LCU in 2024. ▲ Rising
Compensation of employees in Somalia, 2017–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Somalia recorded 9.60 trillion current LCU for compensation of employees in 2024. That is the highest value across all 8 years on record.
The figure is up 20.7% on the previous year and up 220.4% over ten years.
That places Somalia 12th out of 156 countries with data for 2024, putting it in the top 10%.
Compensation of employees (current LCU) in Somalia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2017 | 3.00 trillion current LCU | — |
| 2018 | 3.45 trillion current LCU | +15.0% |
| 2019 | 4.08 trillion current LCU | +18.4% |
| 2020 | 5.76 trillion current LCU | +41.1% |
| 2021 | 6.51 trillion current LCU | +13.1% |
| 2022 | 6.97 trillion current LCU | +7.0% |
| 2023 | 7.96 trillion current LCU | +14.2% |
| 2024 | 9.60 trillion current LCU | +20.7% |
Somalia compared with similar countries
- Somalia's 9.60 trillion current LCU is above the median for low income countries, which is 514.83 billion current LCU, 18.7× the median. (16 countries reporting)
- Somalia's 9.60 trillion current LCU is above the median for Sub-Saharan Africa, which is 317.20 billion current LCU, 30.3× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.51 trillion current LCU | 3.00 trillion current LCU | 4.08 trillion current LCU | 3 |
| 2020s | 7.36 trillion current LCU | 5.76 trillion current LCU | 9.60 trillion current LCU | 5 |
Countries ranked near Somalia
More public sector data for Somalia
- Democracy, annual growth rate -100 % change on previous year (1991)
- Chief executive of the government is elected, annual growth rate -100 % change on previous year (1991)
- Elected parliament, annual growth rate -100 % change on previous year (1991)
- Men's universal right to vote, annual growth rate -100 % change on previous year (2012)
- Universal right to vote, annual growth rate -100 % change on previous year (2012)
- Universal right to vote in practice, annual growth rate -100 % change on previous year (1991)
- Arms imports 2.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 0.2104 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 0 % change on previous year (2024)
Frequently asked questions
- What is compensation of employees in Somalia?
- Compensation of employees in Somalia was 9.60 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Somalia?
- The highest recorded value was 9.60 trillion current LCU in 2024.
- What is the lowest compensation of employees recorded in Somalia?
- The lowest recorded value was 3.00 trillion current LCU in 2017.
- How does Somalia rank for compensation of employees?
- Somalia ranks 12th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Somalia?
- Over the last ten years it is up 220.4%. 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 Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. 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.