Goods and services expense in Somalia
Somalia: Goods and services expense was 19.9% in 2023. ▼ Falling
Goods and services expense in Somalia, 2017–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, goods and services expense in Somalia stood at 19.9%.
Compared with earlier readings it is up 17.0% on the previous year and down 44.7% over ten years.
Somalia ranks 45th of 154 countries on this measure, in the middle of the range.
Goods and services expense in Somalia, year by year
| Year | % of expense | Change |
|---|---|---|
| 2017 | 36.0% | — |
| 2018 | 32.2% | -10.4% |
| 2019 | 30.8% | -4.4% |
| 2020 | 17.0% | -44.9% |
| 2023 | 19.9% | +17.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 33.0% | 30.8% | 36.0% | 3 |
| 2020s | 18.4% | 17.0% | 19.9% | 2 |
Countries ranked near Somalia
- 42 Ethiopia 20.9% compare
- 43 Costa Rica 20.8% compare
- 44 Cape Verde 20.5%
- 46 Peru 19.6% compare
- 47 Saint Lucia 19.5%
- 48 Maldives 19.4% 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 goods and services expense in Somalia?
- Goods and services expense in Somalia was 19.9% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Somalia?
- The highest recorded value was 36.0% in 2017.
- What is the lowest goods and services expense recorded in Somalia?
- The lowest recorded value was 17.0% in 2020.
- How does Somalia rank for goods and services expense?
- Somalia ranks 45th out of 154 countries with data for 2023.
- Is goods and services expense rising or falling in Somalia?
- Over the last ten years it is down 44.7%. The long-run trend across the full record is falling.
- 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 Goods and services expense (% of expense). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.