Taxes on income, profits and capital gains in Somalia
Somalia: Taxes on income, profits and capital gains was 1.02 trillion current LCU in 2024. ◆ Volatile
Taxes on income, profits and capital gains in Somalia, 2017–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for taxes on income, profits and capital gains in Somalia is 1.02 trillion current LCU, measured in 2024. That is the highest value across all 8 years on record.
The figure is up 53.2% on the previous year and up 1,177.2% over ten years.
Somalia ranks 36th of 153 countries on this measure, in the top quarter.
Taxes on income, profits and capital gains in Somalia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2017 | 79.63 billion current LCU | — |
| 2018 | 206.87 billion current LCU | +159.8% |
| 2019 | 287.30 billion current LCU | +38.9% |
| 2020 | 319.97 billion current LCU | +11.4% |
| 2021 | 396.04 billion current LCU | +23.8% |
| 2022 | 483.82 billion current LCU | +22.2% |
| 2023 | 663.86 billion current LCU | +37.2% |
| 2024 | 1.02 trillion current LCU | +53.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 191.27 billion current LCU | 79.63 billion current LCU | 287.30 billion current LCU | 3 |
| 2020s | 576.15 billion current LCU | 319.97 billion current LCU | 1.02 trillion current LCU | 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 taxes on income, profits and capital gains in Somalia?
- Taxes on income, profits and capital gains in Somalia was 1.02 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Somalia?
- The highest recorded value was 1.02 trillion current LCU in 2024.
- What is the lowest taxes on income, profits and capital gains recorded in Somalia?
- The lowest recorded value was 79.63 billion current LCU in 2017.
- How does Somalia rank for taxes on income, profits and capital gains?
- Somalia ranks 36th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Somalia?
- Over the last ten years it is up 1,177.2%. 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 income, profits and capital gains (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.