Subsidies and other transfers (current LCU) in Somalia
Somalia: Subsidies and other transfers (current LCU) was 8.79 trillion current LCU in 2024. ◆ Volatile
Subsidies and other transfers in Somalia, 2017–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for subsidies and other transfers in Somalia is 8.79 trillion current LCU, measured in 2024. That is the highest value across all 8 years on record.
Compared with earlier readings it is up 44.2% on the previous year and up 1,879.9% over ten years.
That places Somalia 17th out of 153 countries with data for 2024, putting it in the top quarter.
Subsidies and other transfers (current LCU) in Somalia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2017 | 443.86 billion current LCU | — |
| 2018 | 731.45 billion current LCU | +64.8% |
| 2019 | 1.12 trillion current LCU | +53.5% |
| 2020 | 3.98 trillion current LCU | +254.3% |
| 2021 | 2.20 trillion current LCU | -44.6% |
| 2022 | 7.65 trillion current LCU | +247.0% |
| 2023 | 6.09 trillion current LCU | -20.3% |
| 2024 | 8.79 trillion current LCU | +44.2% |
Somalia compared with similar countries
- Somalia's 8.79 trillion current LCU is above the median for low income countries, which is 511.45 billion current LCU, 17.2× the median. (14 countries reporting)
- Somalia's 8.79 trillion current LCU is above the median for Sub-Saharan Africa, which is 282.03 billion current LCU, 31.2× the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 766.09 billion current LCU | 443.86 billion current LCU | 1.12 trillion current LCU | 3 |
| 2020s | 5.74 trillion current LCU | 2.20 trillion current LCU | 8.79 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 subsidies and other transfers in Somalia?
- Subsidies and other transfers in Somalia was 8.79 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Somalia?
- The highest recorded value was 8.79 trillion current LCU in 2024.
- What is the lowest subsidies and other transfers recorded in Somalia?
- The lowest recorded value was 443.86 billion current LCU in 2017.
- How does Somalia rank for subsidies and other transfers?
- Somalia ranks 17th out of 153 countries with data for 2024.
- Is subsidies and other transfers rising or falling in Somalia?
- Over the last ten years it is up 1,879.9%. The long-run trend across the full record is volatile.
- 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 Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 8 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.