Taxes on goods and services in Somalia
Somalia: Taxes on goods and services was 5.8% in 2024. ◆ Volatile
Taxes on goods and services in Somalia, 2017–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, taxes on goods and services in Somalia stood at 5.8%.
Compared with earlier readings it is up 245.3% on the previous year and down 69.1% over ten years.
Somalia ranks 148th of 156 countries on this measure, in the bottom quarter.
Taxes on goods and services in Somalia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2017 | 18.6% | — |
| 2018 | 25.3% | +35.8% |
| 2019 | 13.9% | -45.2% |
| 2020 | 6.4% | -54.1% |
| 2021 | 10.1% | +58.2% |
| 2022 | 4.5% | -55.0% |
| 2023 | 1.7% | -63.3% |
| 2024 | 5.8% | +245.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 19.3% | 13.9% | 25.3% | 3 |
| 2020s | 5.7% | 1.7% | 10.1% | 5 |
Countries ranked near Somalia
- 145 Angola 9.4% compare
- 146 Afghanistan 8.6%
- 147 Marshall Islands 8.4%
- 149 Timor-Leste 5.4% compare
- 150 Equatorial Guinea 4.0% compare
- 151 Iran, Islamic Republic of 3.5%
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 in Somalia?
- Taxes on goods and services in Somalia was 5.8% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Somalia?
- The highest recorded value was 25.3% in 2018.
- What is the lowest taxes on goods and services recorded in Somalia?
- The lowest recorded value was 1.7% in 2023.
- How does Somalia rank for taxes on goods and services?
- Somalia ranks 148th out of 156 countries with data for 2024.
- Is taxes on goods and services rising or falling in Somalia?
- Over the last ten years it is down 69.1%. 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 Taxes on goods and services (% of revenue). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.