Taxes on international trade in Somalia
Somalia: Taxes on international trade was 18.5% in 2024. ▼ Falling
Taxes on international trade 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 international trade in Somalia stood at 18.5%.
That represents a change of up 191.4% on the previous year and down 50.5% over ten years.
Somalia ranks 10th of 154 countries on this measure, in the top 10%.
Taxes on international trade in Somalia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2017 | 37.4% | — |
| 2018 | 36.5% | -2.5% |
| 2019 | 32.2% | -11.8% |
| 2020 | 18.0% | -44.1% |
| 2021 | 28.9% | +61.0% |
| 2022 | 16.1% | -44.4% |
| 2023 | 6.3% | -60.5% |
| 2024 | 18.5% | +191.4% |
Somalia compared with similar countries
- Somalia's 18.5% is above the median for low income countries, which is 10.7%, 1.7× the median. (15 countries reporting)
- Somalia's 18.5% is above the median for Sub-Saharan Africa, which is 11.2%, 1.6× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 35.3% | 32.2% | 37.4% | 3 |
| 2020s | 17.6% | 6.3% | 28.9% | 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 international trade in Somalia?
- Taxes on international trade in Somalia was 18.5% 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 37.4% in 2017.
- What is the lowest taxes on international trade recorded in Somalia?
- The lowest recorded value was 6.3% in 2023.
- How does Somalia rank for taxes on international trade?
- Somalia ranks 10th out of 154 countries with data for 2024.
- Is taxes on international trade rising or falling in Somalia?
- Over the last ten years it is down 50.5%. The long-run trend across the full record is falling.
- 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 (% of revenue). Statizoid updates them automatically from the source API.
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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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.