Taxes on goods and services (current LCU), annual growth rate in Somalia
Somalia: Taxes on goods and services (current LCU), annual growth rate was 34.14 % change on previous year in 2024. ◆ Volatile
Taxes on goods and services (current LCU), annual growth rate in Somalia, 2018–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for taxes on goods and services (current lcu), annual growth rate in Somalia is 34.14 % change on previous year, measured in 2024.
Compared with earlier readings it is up 35.1% on the previous year and down 39.9% over ten years.
That places Somalia 15th out of 156 countries with data for 2024, putting it in the top 10%.
Taxes on goods and services (current LCU), annual growth rate in Somalia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2018 | 56.76 % change on previous year | — |
| 2019 | -29.62 % change on previous year | -152.2% |
| 2020 | -29.42 % change on previous year | -0.7% |
| 2021 | 18.87 % change on previous year | -164.1% |
| 2022 | -11.12 % change on previous year | -158.9% |
| 2023 | 25.27 % change on previous year | -327.3% |
| 2024 | 34.14 % change on previous year | +35.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 13.57 % change on previous year | -29.62 % change on previous year | 56.76 % change on previous year | 2 |
| 2020s | 7.55 % change on previous year | -29.42 % change on previous year | 34.14 % change on previous year | 5 |
Countries ranked near Somalia
- 12 East Timor 37.8 % change on previous year compare
- 13 Malawi 36.4 % change on previous year compare
- 14 Kazakhstan 36.23 % change on previous year compare
- 16 Macao 33.2 % change on previous year compare
- 17 Egypt 31.71 % change on previous year
- 18 Nepal 31.14 % change on previous year
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 taxes on goods and services (current lcu), annual growth rate in Somalia?
- Taxes on goods and services (current lcu), annual growth rate in Somalia was 34.14 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), annual growth rate recorded in Somalia?
- The highest recorded value was 56.76 % change on previous year in 2018.
- What is the lowest taxes on goods and services (current lcu), annual growth rate recorded in Somalia?
- The lowest recorded value was -29.62 % change on previous year in 2019.
- How does Somalia rank for taxes on goods and services (current lcu), annual growth rate?
- Somalia ranks 15th out of 156 countries with data for 2024.
- Is taxes on goods and services (current lcu), annual growth rate rising or falling in Somalia?
- Over the last ten years it is down 39.9%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
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
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.