Tax revenue in Somalia
Somalia: Tax revenue was 2.2% in 2024. ▬ Flat
Tax revenue in Somalia, 2017–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for tax revenue in Somalia is 2.2%, measured in 2024.
That represents a change of up 8.2% on the previous year and up 19.7% over ten years.
Somalia ranks 154th of 157 countries on this measure, in the bottom quarter.
Tax revenue in Somalia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2017 | 1.9% | — |
| 2018 | 2.3% | +21.8% |
| 2019 | 2.0% | -12.1% |
| 2020 | 1.6% | -19.2% |
| 2021 | 1.7% | +6.1% |
| 2022 | 1.8% | +3.7% |
| 2023 | 2.1% | +16.2% |
| 2024 | 2.2% | +8.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.0% | 1.9% | 2.3% | 3 |
| 2020s | 1.9% | 1.6% | 2.2% | 5 |
Countries ranked near Somalia
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 tax revenue in Somalia?
- Tax revenue in Somalia was 2.2% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Somalia?
- The highest recorded value was 2.3% in 2018.
- What is the lowest tax revenue recorded in Somalia?
- The lowest recorded value was 1.6% in 2020.
- How does Somalia rank for tax revenue?
- Somalia ranks 154th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Somalia?
- Over the last ten years it is up 19.7%. The long-run trend across the full record is flat.
- 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 Tax revenue (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.