Expense in Somalia
Somalia: Expense was 18.92 trillion current LCU in 2023. ▲ Rising
Expense in Somalia, 2017–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Somalia recorded 18.92 trillion current LCU for expense in 2023. That is the highest value across all 5 years on record.
That represents a change of up 55.4% on the previous year and up 242.5% over ten years.
That places Somalia 19th out of 157 countries with data for 2023, putting it in the top quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.42 trillion current LCU | 5.53 trillion current LCU | 7.53 trillion current LCU | 3 |
| 2020s | 15.55 trillion current LCU | 12.18 trillion current LCU | 18.92 trillion current LCU | 2 |
Countries ranked near Somalia
More public sector data for Somalia
- Arms imports 4.00 million SIPRI trend indicator values (2024)
- Tax revenue 2.2% (2024)
- Taxes on income, profits and capital gains 4.0% (2024)
- Taxes on goods and services 5.8% (2024)
- Net investment in nonfinancial assets 0.2% (2024)
- Net lending (+) / net borrowing (-) 0.2% (2024)
- Interest payments 0.6% (2024)
- Grants and other revenue 70.6% (2024)
- Other taxes 1.1% (2024)
- Compensation of employees 42.0% (2023)
Frequently asked questions
- What is expense in Somalia?
- Expense in Somalia was 18.92 trillion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Somalia?
- The highest recorded value was 18.92 trillion current LCU in 2023.
- What is the lowest expense recorded in Somalia?
- The lowest recorded value was 5.53 trillion current LCU in 2017.
- How does Somalia rank for expense?
- Somalia ranks 19th out of 157 countries with data for 2023.
- Is expense rising or falling in Somalia?
- Over the last ten years it is up 242.5%. 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 Expense (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Expense is a decrease in net worth resulting from a transaction. 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.