Other expense in Somalia
Somalia: Other expense was 45.43 billion current LCU in 2024. ◆ Volatile
Other expense in Somalia, 2017–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Somalia recorded 45.43 billion current LCU for other expense in 2024.
The figure is down 95.7% on the previous year and down 52.4% over ten years.
That places Somalia 59th out of 149 countries with data for 2024, putting it in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 40.68 billion current LCU | 6.65 billion current LCU | 95.41 billion current LCU | 3 |
| 2020s | 381.40 billion current LCU | 27.99 billion current LCU | 1.05 trillion current LCU | 4 |
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 other expense in Somalia?
- Other expense in Somalia was 45.43 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest other expense recorded in Somalia?
- The highest recorded value was 1.05 trillion current LCU in 2023.
- What is the lowest other expense recorded in Somalia?
- The lowest recorded value was 6.65 billion current LCU in 2019.
- How does Somalia rank for other expense?
- Somalia ranks 59th out of 149 countries with data for 2024.
- Is other expense rising or falling in Somalia?
- Over the last ten years it is down 52.4%. The long-run trend across the full record is volatile.
- 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 Other expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Other expense is spending on dividends, rent, and other miscellaneous expenses, including provision for consumption of fixed capital. 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.