Customs and other import duties in Somalia
Somalia: Customs and other import duties was 4.71 trillion current LCU in 2024. ▲ Rising
Customs and other import duties in Somalia, 2017–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, customs and other import duties in Somalia stood at 4.71 trillion current LCU. That is the highest value across all 8 years on record.
That represents a change of up 13.1% on the previous year and up 121.1% over ten years.
Somalia ranks 8th of 152 countries on this measure, in the top 10%.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.31 trillion current LCU | 2.13 trillion current LCU | 2.42 trillion current LCU | 3 |
| 2020s | 3.44 trillion current LCU | 2.35 trillion current LCU | 4.71 trillion current LCU | 5 |
Countries ranked near Somalia
More public sector data for Somalia
- Arms imports 4.00 million SIPRI trend indicator values (2024)
- Tax revenue 2.2% (2024)
- Taxes on income, profits and capital gains 4.0% (2024)
- Taxes on goods and services 5.8% (2024)
- Net investment in nonfinancial assets 0.2% (2024)
- Net lending (+) / net borrowing (-) 0.2% (2024)
- Interest payments 0.6% (2024)
- Grants and other revenue 70.6% (2024)
- Other taxes 1.1% (2024)
- Compensation of employees 42.0% (2023)
Frequently asked questions
- What is customs and other import duties in Somalia?
- Customs and other import duties in Somalia was 4.71 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in Somalia?
- The highest recorded value was 4.71 trillion current LCU in 2024.
- What is the lowest customs and other import duties recorded in Somalia?
- The lowest recorded value was 2.13 trillion current LCU in 2017.
- How does Somalia rank for customs and other import duties?
- Somalia ranks 8th out of 152 countries with data for 2024.
- Is customs and other import duties rising or falling in Somalia?
- Over the last ten years it is up 121.1%. 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 Customs and other import duties (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 and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to 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.