Taxes on international trade (current LCU) in Somalia
Somalia: Taxes on international trade (current LCU) 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 (current LCU) 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% |
Somalia compared with similar countries
- Somalia's 4.75 trillion current LCU is above the median for low income countries, which is 175.13 billion current LCU, 27.1× the median. (15 countries reporting)
- Somalia's 4.75 trillion current LCU is above the median for Sub-Saharan Africa, which is 106.94 billion current LCU, 44.4× the median. (36 countries reporting)
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
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 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.
Download this data
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.