Taxes on goods and services (current LCU), per unit of GDP in Somalia
Somalia: Taxes on goods and services (current LCU), per unit of GDP was 123.5 current LCU per US$ of GDP in 2024. ▼ Falling
Taxes on goods and services (current LCU), per unit of GDP in Somalia, 2017–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Somalia recorded 123.5 current LCU per US$ of GDP for taxes on goods and services (current lcu), per unit of gdp in 2024.
Compared with earlier readings it is up 22.8% on the previous year and down 12.0% over ten years.
Somalia ranks 13th of 157 countries on this measure, in the top 10%.
Taxes on goods and services (current LCU), per unit of GDP in Somalia, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 2017 | 140.27 current LCU per US$ of GDP | — |
| 2018 | 212.86 current LCU per US$ of GDP | +51.7% |
| 2019 | 136.26 current LCU per US$ of GDP | -36.0% |
| 2020 | 96.49 current LCU per US$ of GDP | -29.2% |
| 2021 | 104.35 current LCU per US$ of GDP | +8.1% |
| 2022 | 86.2 current LCU per US$ of GDP | -17.4% |
| 2023 | 100.55 current LCU per US$ of GDP | +16.6% |
| 2024 | 123.5 current LCU per US$ of GDP | +22.8% |
Somalia compared with similar countries
- Somalia's 123.5 current LCU per US$ of GDP is above the median for low income countries, which is 57.75 current LCU per US$ of GDP, 2.1× the median. (15 countries reporting)
- Somalia's 123.5 current LCU per US$ of GDP is above the median for Sub-Saharan Africa, which is 10.25 current LCU per US$ of GDP, 12.0× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 163.13 current LCU per US$ of GDP | 136.26 current LCU per US$ of GDP | 212.86 current LCU per US$ of GDP | 3 |
| 2020s | 102.22 current LCU per US$ of GDP | 86.2 current LCU per US$ of GDP | 123.5 current LCU per US$ of GDP | 5 |
Countries ranked near Somalia
- 10 Uganda 241.91 current LCU per US$ of GDP compare
- 11 Burundi 191.11 current LCU per US$ of GDP compare
- 12 Tanzania 144.04 current LCU per US$ of GDP compare
- 14 Malawi 107.95 current LCU per US$ of GDP compare
- 15 Chile 96.95 current LCU per US$ of GDP compare
- 16 Iran 88.49 current LCU per US$ of GDP
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 taxes on goods and services (current lcu), per unit of gdp in Somalia?
- Taxes on goods and services (current lcu), per unit of gdp in Somalia was 123.5 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per unit of gdp recorded in Somalia?
- The highest recorded value was 212.86 current LCU per US$ of GDP in 2018.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in Somalia?
- The lowest recorded value was 86.2 current LCU per US$ of GDP in 2022.
- How does Somalia rank for taxes on goods and services (current lcu), per unit of gdp?
- Somalia ranks 13th out of 157 countries with data for 2024.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in Somalia?
- Over the last ten years it is down 12.0%. The long-run trend across the full record is falling.
- Where does this Somalia data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes on goods and services (current LCU) ÷ GDP (current US$)
Computed from
- Taxes on goods and services 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
Taxes on goods and services (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.