Compensation of employees in Somalia
Somalia: Compensation of employees 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%.
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
- 9 Chile 15.20 trillion current LCU compare
- 10 Argentina 13.07 trillion current LCU compare
- 11 Lao People's Democratic Republic 12.14 trillion current LCU compare
- 13 Cambodia 8.78 trillion current LCU compare
- 14 Congo, Democratic Republic of the 6.58 trillion current LCU compare
- 15 Hungary 6.50 trillion current LCU compare
More public sector data for Somalia
- Arms imports 4.00 million SIPRI trend indicator values (2024)
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 4.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 10.62 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0169 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 43.19 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 201.85 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 6.38 SIPRI trend indicator values per square kilometre (2023)
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.