Expense in Somalia
Somalia: Expense was 6.3% in 2023. ▲ Rising
Expense in Somalia, 2017–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Somalia recorded 6.3% for expense in 2023. That is the highest value across all 5 years on record.
Compared with earlier readings it is up 15.8% on the previous year and up 102.3% over ten years.
That places Somalia 154th out of 157 countries with data for 2023, putting it in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.3% | 3.1% | 3.5% | 3 |
| 2020s | 5.9% | 5.5% | 6.3% | 2 |
Countries ranked near Somalia
More economy & growth data for Somalia
- Gross capital formation 3.65 billion current US$ (2025)
- GNI per capita, Atlas method 640 current US$ (2025)
- Gross fixed capital formation 28.1% (2025)
- Changes in inventories 5.50 million current US$ (1990)
- Changes in inventories 10.43 billion current LCU (1990)
- GDP per capita growth -0.4% (2025)
- Gross capital formation 8.7% (2025)
- Gross capital formation 28.1% (2025)
- GDP per capita 15.56 million constant LCU (2025)
- Gross fixed capital formation 8.7% (2025)
Frequently asked questions
- What is expense in Somalia?
- Expense in Somalia was 6.3% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Somalia?
- The highest recorded value was 6.3% in 2023.
- What is the lowest expense recorded in Somalia?
- The lowest recorded value was 3.1% in 2017.
- How does Somalia rank for expense?
- Somalia ranks 154th out of 157 countries with data for 2023.
- Is expense rising or falling in Somalia?
- Over the last ten years it is up 102.3%. 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 Expense (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.