Subsidies and other transfers in Somalia
Somalia: Subsidies and other transfers 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.
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
- 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 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.