Revenue, excluding grants in Somalia
Somalia: Revenue, excluding grants was 10.39 trillion current LCU in 2024. ▲ Rising
Revenue, excluding grants in Somalia, 2017–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, revenue, excluding grants in Somalia stood at 10.39 trillion current LCU. That is the highest value across all 8 years on record.
That represents a change of up 15.8% on the previous year and up 215.2% over ten years.
Somalia ranks 26th of 157 countries on this measure, in the top quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.48 trillion current LCU | 3.29 trillion current LCU | 5.76 trillion current LCU | 3 |
| 2020s | 7.56 trillion current LCU | 5.44 trillion current LCU | 10.39 trillion current LCU | 5 |
Countries ranked near Somalia
- 23 Myanmar 16.21 trillion current LCU compare
- 24 Turkey 14.04 trillion current LCU compare
- 25 Costa Rica 13.66 trillion current LCU compare
- 27 Madagascar 9.73 trillion current LCU compare
- 28 Cote d'Ivoire 6.55 trillion current LCU compare
- 29 Mexico 6.51 trillion current LCU compare
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 revenue, excluding grants in Somalia?
- Revenue, excluding grants in Somalia was 10.39 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest revenue, excluding grants recorded in Somalia?
- The highest recorded value was 10.39 trillion current LCU in 2024.
- What is the lowest revenue, excluding grants recorded in Somalia?
- The lowest recorded value was 3.29 trillion current LCU in 2017.
- How does Somalia rank for revenue, excluding grants?
- Somalia ranks 26th out of 157 countries with data for 2024.
- Is revenue, excluding grants rising or falling in Somalia?
- Over the last ten years it is up 215.2%. 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 Revenue, excluding grants (current LCU). Statizoid updates them automatically from the source API.
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About this data
Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. 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.