Statizoid

Iraq vs Somalia: Goods and services expense

Iraq
9.45 trillion current LCU
in 2019
Somalia
5.75 trillion current LCU
in 2024
Iraq rank
9th
Somalia rank
12th

Goods and services expense over time

  • Iraq
  • Somalia
2.0T4.0T6.0T8.0T10.0T201420192024

How they compare

Iraq currently reports 9.45 trillion current LCU against 5.75 trillion current LCU in Somalia, a difference of 3.70 trillion current LCU.

That makes Iraq's figure about 1.6 times Somalia's.

Globally, Iraq ranks 9th and Somalia ranks 12th of 155 countries.

Individual pages

About this data

Indicator
Goods and services expense (current LCU)
Unit
current LCU
Source
Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
155 places, 4,479 data points, 1972–2024
Last refreshed

Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.