Tax revenue (current LCU), per unit of GDP in Somalia
Somalia: Tax revenue (current LCU), per unit of GDP was 629.47 current LCU per US$ of GDP in 2024. ▲ Rising
Tax revenue (current LCU), per unit of GDP in Somalia, 2017–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
In 2024, tax revenue (current lcu), per unit of gdp in Somalia stood at 629.47 current LCU per US$ of GDP. That is the highest value across all 8 years on record.
Compared with earlier readings it is up 11.9% on the previous year and up 45.7% over ten years.
Somalia ranks 7th of 157 countries on this measure, in the top 10%.
Tax revenue (current LCU), per unit of GDP in Somalia, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 2017 | 431.92 current LCU per US$ of GDP | — |
| 2018 | 545.56 current LCU per US$ of GDP | +26.3% |
| 2019 | 501.67 current LCU per US$ of GDP | -8.0% |
| 2020 | 416.73 current LCU per US$ of GDP | -16.9% |
| 2021 | 446.94 current LCU per US$ of GDP | +7.2% |
| 2022 | 477.82 current LCU per US$ of GDP | +6.9% |
| 2023 | 562.71 current LCU per US$ of GDP | +17.8% |
| 2024 | 629.47 current LCU per US$ of GDP | +11.9% |
Somalia compared with similar countries
- Somalia's 629.47 current LCU per US$ of GDP is above the median for low income countries, which is 91.04 current LCU per US$ of GDP, 6.9× the median. (16 countries reporting)
- Somalia's 629.47 current LCU per US$ of GDP is above the median for Sub-Saharan Africa, which is 43.32 current LCU per US$ of GDP, 14.5× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 493.05 current LCU per US$ of GDP | 431.92 current LCU per US$ of GDP | 545.56 current LCU per US$ of GDP | 3 |
| 2020s | 506.73 current LCU per US$ of GDP | 416.73 current LCU per US$ of GDP | 629.47 current LCU per US$ of GDP | 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 tax revenue (current lcu), per unit of gdp in Somalia?
- Tax revenue (current lcu), per unit of gdp in Somalia was 629.47 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest tax revenue (current lcu), per unit of gdp recorded in Somalia?
- The highest recorded value was 629.47 current LCU per US$ of GDP in 2024.
- What is the lowest tax revenue (current lcu), per unit of gdp recorded in Somalia?
- The lowest recorded value was 416.73 current LCU per US$ of GDP in 2020.
- How does Somalia rank for tax revenue (current lcu), per unit of gdp?
- Somalia ranks 7th out of 157 countries with data for 2024.
- Is tax revenue (current lcu), per unit of gdp rising or falling in Somalia?
- Over the last ten years it is up 45.7%. The long-run trend across the full record is rising.
- Where does this Somalia data come from?
- The figures come from Statizoid (derived), published as part of Tax revenue (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Tax revenue (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Tax revenue (current LCU) ÷ GDP (current US$)
Computed from
- Tax revenue Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Tax revenue (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.