Iraq vs Somalia: Final consumption expenditure
Final consumption expenditure over time
- Iraq
- Somalia
How they compare
Somalia currently reports 553.36 trillion current LCU against 249.35 trillion current LCU in Iraq, a difference of 304.01 trillion current LCU.
That makes Somalia's figure about 2.2 times Iraq's.
The two have swapped places 2 times across 34 shared years of data; in 1970 it was Somalia ahead.
Globally, Iraq ranks 12th and Somalia ranks 9th of 187 countries.
Individual pages
About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. 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.