Taxes on international trade in Somalia
Somalia: Taxes on international trade was 4.75 trillion current LCU in 2024. ▲ Rising
Taxes on international trade 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 international trade in Somalia is 4.75 trillion current LCU, measured in 2024. That is the highest value across all 8 years on record.
Compared with earlier readings it is up 13.2% on the previous year and up 121.6% over ten years.
Somalia ranks 9th of 155 countries on this measure, in the top 10%.
Taxes on international trade in Somalia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2017 | 2.14 trillion current LCU | — |
| 2018 | 2.41 trillion current LCU | +12.6% |
| 2019 | 2.73 trillion current LCU | +13.2% |
| 2020 | 2.35 trillion current LCU | -14.1% |
| 2021 | 2.84 trillion current LCU | +21.0% |
| 2022 | 3.12 trillion current LCU | +9.9% |
| 2023 | 4.19 trillion current LCU | +34.6% |
| 2024 | 4.75 trillion current LCU | +13.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.43 trillion current LCU | 2.14 trillion current LCU | 2.73 trillion current LCU | 3 |
| 2020s | 3.45 trillion current LCU | 2.35 trillion current LCU | 4.75 trillion current LCU | 5 |
Countries ranked near Somalia
- 6 Colombia 7.10 trillion current LCU compare
- 7 Korea 7.02 trillion current LCU compare
- 8 Tanzania, United Republic of 5.15 trillion current LCU compare
- 10 Paraguay 3.68 trillion current LCU compare
- 11 Kazakhstan 2.67 trillion current LCU compare
- 12 Lao People's Democratic Republic 2.59 trillion current LCU compare
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 international trade in Somalia?
- Taxes on international trade in Somalia was 4.75 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Somalia?
- The highest recorded value was 4.75 trillion current LCU in 2024.
- What is the lowest taxes on international trade recorded in Somalia?
- The lowest recorded value was 2.14 trillion current LCU in 2017.
- How does Somalia rank for taxes on international trade?
- Somalia ranks 9th out of 155 countries with data for 2024.
- Is taxes on international trade rising or falling in Somalia?
- Over the last ten years it is up 121.6%. The long-run trend across the full record is rising.
- 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 international trade (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 8 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. 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.