Somalia
Description of Somalia
As an analyst specializing in geopolitical and macroeconomic trends, Somalia is a country of particular interest due to its complex history and unique position in the Horn of Africa region. With a past marked by civil unrest, piracy, and humanitarian crises, Somalia has been striving to rebuild its economy and institutions to secure a more stable and prosperous future. By delving into key macroeconomic statistics and geopolitical factors affecting Somalia, we can gain valuable insights into the challenges and opportunities facing this resilient nation.
Population And Age Structure
Population, total: Somalia's population of 16,537,016 is significantly below the average population of 40,097,746. Somalia ranks 70th out of 194 countries in terms of total population.
Population ages 0-14 (% of total population): With 47.34% of its population in the 0-14 age group, Somalia is above the average of 27.34%. It ranks 5th out of 194 countries for this demographic.
Population ages 0-14, total: Somalia's total population aged 0-14 is 7,828,576, below the average of 10,327,380. It ranks 53rd out of 194 countries for this age group.
Population ages 15-64 (% of total population): Somalia's population aged 15-64 accounts for 50.04% of the total population, below the average of 63.44%. It ranks 191st out of 194 countries for this demographic.
Population ages 15-64, total: The total population aged 15-64 in Somalia is 8,275,858, significantly below the average of 26,003,407. Somalia ranks 73rd out of 194 countries for this age group.
Population ages 65 and above (% of total population): At 2.62%, Somalia's population aged 65 and above is below the average of 9.22%. It ranks 177th out of 194 countries for this age group.
Population ages 65 and above, total: The total population of individuals aged 65 and above in Somalia is 432,582, well below the average of 3,766,959. Somalia ranks 106th out of 194 countries for this demographic.
Summary
Somalia has a relatively small total population compared to the global average, with a higher percentage of youth (0-14 age group) and a lower percentage of working-age adults (15-64 age group). This demographic distribution could indicate potential challenges in terms of workforce productivity, economic dependency ratios, and the need for investments in education and healthcare to support the younger population for sustainable development.
Population Miscellaneous
For the attribute Rural population, Somalia's value of 8,906,671 is below the average of 18,044,041. Somalia ranks 61 out of 190 countries in this data set.
Looking at Rural population (% of total population), Somalia's value of 53.859% is above the average of 41.158%. The country holds the 61st place out of 190 nations.
In terms of Urban population, Somalia's value of 7,630,345 is below the average of 22,425,747. Somalia is ranked 76 out of 194 countries in this data set.
The attribute Urban population (% of total population) shows Somalia with a value of 46.141%, below the average of 59.691%. In this statistic, Somalia ranks 134 out of 194 countries.
For Age dependency ratio (% of working-age population), Somalia's value is significantly high at 99.82% compared to the average of 59.22%. This places Somalia in the 4th position out of 194 countries.
Regarding the Birth rate, crude (per 1,000 people), Somalia's rate of 44.007 is notably higher than the average of 19.384. The country is ranked 2nd out of 192 nations in this aspect.
Looking at the Death rate, crude (per 1,000 people), Somalia's rate of 11.39 is higher than the average of 8.214. Somalia ranks 28th out of 192 countries in this regard.
For the Fertility rate, total (births per woman), Somalia's rate of 6.417 is higher than the average of 2.603. The country is ranked 2nd out of 190 countries for this statistic.
Summary
Somalia exhibits unique demographic characteristics compared to global averages and ranks particularly high in terms of age dependency ratio, birth rate, death rate, and fertility rate. These statistics indicate a population with high birth and fertility rates, as well as a high proportion of dependent individuals relative to the working-age population. These factors are crucial as they can impact the country's economic development, healthcare system, social welfare programs, and overall demographic trends.
Military
1. Somalia's military expenditure is $98,156,600, significantly lower than the average military expenditure of $12,904,993,617. Somalia ranks 123rd out of 149 countries in terms of military expenditure.
2. Somalia's arms imports stand at $2,000,000, well below the average arms imports of $205,522,123. Somalia ranks 106th out of 113 countries in this category.
3. Somalia has 14,000 armed forces personnel, which is lower than the average of 165,908. Somalia ranks 119th out of 164 countries in terms of total armed forces personnel.
4. The percentage of armed forces personnel in Somalia's total labor force is 0.48%, much lower than the average of 1.28%. This places Somalia at the 116th rank out of 164 countries.
Summary
Despite being ranked low in terms of military expenditure, arms imports, armed forces personnel, and the percentage of armed forces personnel in the total labor force, Somalia's military capabilities are limited compared to other countries globally. This could indicate challenges in defense capabilities, security infrastructure, or economic constraints impacting the country's ability to invest in its military forces effectively.
Natural Resources
For Forest Area in Somalia, which is 59,800 sq. km, it is significantly below the average of 211,606.11 sq. km, ranking 70th out of 191 countries.
With a Land Area of 627,340 sq. km, Somalia's value is slightly below the average of 665,166.51 sq. km, placing it at the 41st position out of 194 countries.
Somalia's Surface Area of 637,660 sq. km is also below the average of 689,779.56 sq. km, ranking 41st out of 194 countries.
Regarding Arable Land, Somalia utilizes 1,100,000 hectares, significantly lower than the average of 7,329,543.16 hectares, placing it at the 104th position out of 190 countries.
Somalia's Land under Cereal Production is 353,539 hectares, well under the average of 4,206,011.63 hectares, ranking 107th out of 174 countries.
The Average Precipitation in Somalia is 282 mm per year, much lower than the average of 1157.83 mm per year, placing it at 154th among 178 countries.
When it comes to Renewable Internal Freshwater Resources in Somalia, with 6 billion cubic meters, it is significantly lower than the average of 240.41 billion cubic meters, ranking 135th out of 178 countries.
Summary
Somalia ranks below average in key macroeconomic indicators such as forest area, land area, arable land, land under cereal production, average precipitation, and renewable internal freshwater resources compared to global averages. These statistics indicate significant environmental limitations and resource scarcity in Somalia, which could impact agricultural productivity, water availability, and overall economic development in the country.
Resource Rents
1. Total natural resources rents (% of GDP): Somalia's total natural resources rents account for 11.46% of its GDP, which is significantly higher than the attribute average of 4.63%. This places Somalia at rank 29 out of 175 countries included in the data set.
2. Forest rents (% of GDP): Somalia's forest rents make up 11.46% of its GDP, a value nearly 10 times higher than the attribute average of 1.53%. This positions Somalia at rank 4 out of 174 countries in the dataset.
Summary
Somalia stands out in terms of its natural resources rents and forest rents, with both indicators surpassing the global averages by a significant margin. The high percentage of natural resources rents and forest rents in Somalia's GDP signifies the country's reliance on its natural resources for economic output, highlighting the importance of sustainable resource management and potential opportunities for economic growth in the sector.
Commodities
In terms of Cereal production, Somalia produced 177,641.96 metric tons. This is significantly below the attribute average of 17,249,945.93 metric tons. Somalia ranks 135 out of 174 countries in cereal production.
For Capture fisheries production, Somalia's output was 30,000 metric tons. This falls well below the attribute average of 467,453.06 metric tons. Somalia holds the 110th position out of 190 countries in capture fisheries production.
In the aspect of Fertilizer consumption, Somalia's rate stands at 1.4177 kilograms per hectare of arable land. This figure is notably lower than the attribute average of 159.04 kilograms per hectare. Somalia is ranked 177 out of 187 countries in fertilizer consumption.
Summary
Somalia's performance in key macroeconomic indicators such as cereal production, capture fisheries production, and fertilizer consumption lags significantly behind the global average and ranks low compared to other countries. This indicates a considerable gap in the country's agricultural productivity and resource utilization. Addressing these deficiencies is crucial for Somalia's economic development, food security, and competitiveness in the global market.
Intellectual Property
Regarding Trademark applications, resident, by count, Somalia has a value of 6, significantly below the attribute average of 111055.78. This places Somalia at rank 128 out of 129 countries in the dataset.
For Scientific and technical journal articles, Somalia has a value of 32.73, below the attribute average of 15103.76. This positions Somalia at rank 157 out of 192 countries included in the analysis.
Summary
Somalia's low number of trademark applications and scientific journal articles indicate a significant gap in innovation and research compared to other countries in the dataset. With rankings of 128 out of 129 for trademarks and 157 out of 192 for journal articles, Somalia faces challenges in fostering intellectual property creation and knowledge dissemination. Addressing these gaps is crucial for Somalia's economic development, as innovation and research are key drivers of sustainable growth and competitiveness in the global market.
Broad Economy Attributes
Among the 189 countries in the dataset, Somalia's GDP (current US$) of $9.2 billion places it at rank 142, significantly below the average GDP of $442.9 billion. Similarly, Somalia's GDP, PPP (current international $) of $25.4 billion ranks 136 out of 181 countries, well below the average GDP, PPP of $734.1 billion. Furthermore, Somalia's GDP per capita (current US$) of $556 is notably lower than the average GDP per capita of $15,462, placing it at rank 182 out of 190 countries. Additionally, Somalia's GDP per capita, PPP (current international $) of $1,538 is below the average of $21,252, ranking it at 174 out of 181 countries. Moreover, Somalia's GNI (current US$) of $9.2 billion ranks 141 out of 185 countries, falling short of the average GNI of $452 billion. Somalia's GNI, PPP (current international $) of $25.3 billion places it at rank 136 out of 181 countries, while the average stands at $730.7 billion. Finally, Somalia's GNI per capita, PPP (current international $) of $1,530 is well below the average of $20,616, ranking it at 174 out of 181 countries.
Summary
Somalia's key macroeconomic indicators, including GDP, GDP per capita, and GNI, are significantly below the global averages, placing the country at lower ranks compared to other nations. These statistics highlight Somalia's economic challenges and underscore the urgent need for comprehensive development strategies and international assistance to improve its economic standing and quality of life for its citizens.
Money
Analysis of Inflation, GDP deflator (annual %) in Somalia: The focus country value is 3.06%, which is below the attribute average of 6.90%. Somalia ranks 72 out of 188 countries in this attribute data.
Summary
With an inflation rate of 3.06%, Somalia performs better than the global average of 6.90% in terms of GDP deflator. Ranking 72nd out of 188 countries, Somalia's lower inflation rate suggests relative price stability, which can attract foreign investments, support economic growth, and improve the standard of living for its citizens.
Consumption Expenditure
Final consumption expenditure in current US dollars for Somalia is $12,403,727,770.42, which is significantly below the attribute average of $381,630,252,515.38, ranking 114th out of 159 countries.
Final consumption expenditure as a percentage of GDP for Somalia is 134.76%, well above the attribute average of 82.37%, ranking 2nd out of 159 countries.
General government final consumption expenditure in current US dollars for Somalia is $595,036,115.44, much lower than the attribute average of $93,676,578,238.03, ranking 141st out of 158 countries.
General government final consumption expenditure as a percentage of GDP for Somalia is 6.46%, significantly lower than the attribute average of 18.71%, ranking 155th out of 158 countries.
Household and NPISHs final consumption expenditure in current US dollars for Somalia is $11,808,691,654.98, also below the attribute average of $290,127,571,157.69, ranking 106th out of 158 countries.
Households and NPISHs final consumption expenditure as a percentage of GDP for Somalia is 128.30%, well above the attribute average of 63.68%, ranking 1st out of 158 countries.
Summary
Despite having a relatively low final consumption expenditure in current US dollars, Somalia stands out for having high final consumption expenditure as a percentage of GDP, particularly in the categories of household and NPISHs. This indicates that a significant portion of Somalia's GDP is driven by domestic consumption rather than government expenditure, which can be crucial for sustainable economic growth and development in the country.
Investment
Foreign direct investment, net inflows in Somalia total $534 million, significantly below the average of $5.75 billion. This places Somalia at rank 91 out of 182 countries in terms of net inflows.
Foreign direct investment, net inflows as a percentage of GDP in Somalia stands at 5.8%, notably above the average of 2.6%. This positions Somalia at rank 30 out of 178 countries in this metric.
Summary
Despite Somalia receiving relatively low total foreign direct investment compared to the global average, its net inflows as a percentage of GDP are significantly higher than the average. This signifies that while the total investment volume may be lower, the proportion of it relative to the country's economic output is higher, indicating a potentially more impactful utilization of foreign investment within the Somali economy.
Debt
Analysis of key debt statistics for Somalia:
1. Total debt service (% of GNI): Somalia's total debt service accounts for 8.96% of its Gross National Income (GNI), which is above the average of 5.98%. Somalia is ranked 25th out of 120 countries in this aspect.
2. Public and publicly guaranteed debt service (% of GNI): Somalia's public and publicly guaranteed debt service is 5.25% of its GNI, higher than the average of 2.84%. Somalia is ranked 16th out of 120 countries for this metric.
3. External debt stocks (% of GNI): Somalia's external debt stocks stand at 50.82% of its GNI, below the average of 65.42%. The country ranks 65th out of 120 countries in this category.
4. Debt service on external debt, total (TDS, current US$): Somalia's total debt service on external debt is $820,909,164.30, significantly lower than the average of $9,811,195,839.23. Somalia is ranked 69th out of 123 countries.
5. Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$): The debt service on public and publicly guaranteed external debt for Somalia is $480,864,257.10, below the average of $3,310,612,057.60. Somalia ranks 64th out of 123 countries in this regard.
6. External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$): Somalia's external debt stocks for public and publicly guaranteed debt amount to $2,636,616,867.30, well below the average of $28,695,879,144.98. Somalia is ranked 89th out of 123 countries.
7. External debt stocks, total (DOD, current US$): The total external debt stocks for Somalia are $4,658,362,464.50, significantly lower than the average of $73,845,530,111.82. Somalia's rank for this metric is 88th out of 123 countries.
Summary
Somalia's debt indicators reveal a mixed picture: while the country's debt service as a percentage of GNI and external debt stocks are generally lower than the global averages, its rankings in these aspects are lower. This suggests that Somalia may have manageable debt levels in comparison to other countries, but it also indicates potential challenges in debt repayment capacity and access to credit in the international market. Monitoring these debt statistics is crucial for assessing Somalia's financial stability and ability to sustainably manage its debt obligations.
Broad Trade Attributes
Trade (% of GDP): Somalia's trade value of 76.01% is below the average of 82.34%. Somalia is ranked 71 out of 163 countries in this attribute.
External balance on goods and services (current US$): Somalia has a deficit of $4.64 billion, which is below the average deficit of $3.41 billion. Somalia is ranked 136 out of 163 countries in this attribute.
External balance on goods and services (% of GDP): Somalia's balance of goods and services is at -50.41% of GDP, significantly lower than the average of -5.97%. Somalia is ranked 161 out of 163 countries in this attribute.
Summary
Somalia's trade as a percentage of GDP is lower than the global average, ranking 71 out of 163 countries. The country also has a deficit in its external balance on goods and services, ranking 136 globally, and a significantly negative balance as a percentage of GDP, ranking 161. These indicators are crucial as they highlight Somalia's reliance on trade, its imbalance in international transactions, and the potential impact on its overall economic stability and development.
Broad Export Attributes
Somalia has exports of goods and services totaling $1,178,000,000, placing it at a rank of 139 out of 163
countries. This value is significantly below the attribute average of $129,596,864,610.19.
Additionally, Somalia's exports of goods and services account for 12.80% of its GDP. This places Somalia
at a rank of 147 out of 163 countries. The country's export percentage in relation to GDP is well below
the average of 38.19%.
Summary
Somalia's total exports of goods and services amount to $1,178,000,000, ranking it 139th out of 163 countries, significantly below the global average. Furthermore, these exports represent only 12.80% of Somalia's GDP, positioning the country at 147th place, well below the global average of 38.19%. These figures indicate that Somalia heavily relies on imports to meet domestic demand, highlighting a vulnerability in its economic structure that may hinder long-term growth and sustainability. Addressing this imbalance and diversifying export sources could be crucial for enhancing Somalia's economic resilience and development prospects.
Merchandise Exports
Merchandise exports by the reporting economy, residual (% of total merchandise exports): In Somalia, the value for this attribute is 0.003%, significantly below the average of 3.20%. This places Somalia at a low rank of 146 out of 166 countries included in the data.
Summary
Somalia's merchandise exports account for only 0.003% of the total merchandise exports, which is significantly below the global average of 3.20%. This places Somalia at a low rank of 146 out of 166 countries. This low export percentage indicates a lack of diversification in the economy, heavy dependence on imports, limited international market presence, and potential economic vulnerability due to the reliance on a few key export products. Improving export competitiveness and diversifying the export base should be crucial priorities for Somalia to enhance economic resilience and sustainable growth.
Broad Import Attributes
Analysis of Imports of goods and services (current US$): Somalia's imports of goods and services amount to $5,818,000,000. This is significantly below the average of $126,191,355,599.06, ranking Somalia 113th out of 163 countries in the dataset.
Analysis of Imports of goods and services (% of GDP): In Somalia, imports of goods and services account for 63.21% of its GDP. This is above the average of 44.15%, placing Somalia 29th out of 163 countries in the dataset.
Summary
Somalia's imports of goods and services are notably low, with a total amount of $5.8 billion, placing the country at 113th out of 163 countries in the dataset. However, these imports account for a significant 63.21% of Somalia's GDP, well above the average of 44.15% and ranking the country 29th in the dataset. This suggests that while Somalia may have lower overall import volumes compared to other countries, the impact of these imports on its economy is relatively high, highlighting the country's dependency on foreign goods and services for economic growth.
Merchandise Imports
1. Somalia's Merchandise imports (current US$) amount to $1,170,000,000. This is significantly below the average of $89,385,605,263. Somalia ranks 158th out of 190 countries in this attribute data.
2. In terms of Merchandise imports by the reporting economy, residual (% of total merchandise imports), Somalia's value is very low at -1.13963893809929e-14, which is far below the average of 2.5122277435990075. Somalia is ranked 180th out of 180 countries in this attribute data.
Summary
Somalia's low merchandise imports in terms of both total value and percentage of total imports reflect its limited participation in global trade. With such low import figures, Somalia may struggle with economic diversification, industrialization, and overall economic growth. It also indicates a potential lack of access to a variety of goods and resources that could hinder development and competitiveness in the international market.
Information Technology Infrastructure
- Somalia has 71 secure internet servers, which is significantly below the average of 458,294 servers per
country. This places Somalia at a rank of 165 out of 193 countries in terms of secure internet
servers.
- The country has 4.29 secure internet servers per 1 million people, much lower than the average of 14,067
servers per 1 million people. Somalia is ranked 186 out of 193 countries in this category.
- With 119,000 fixed broadband subscriptions, Somalia falls well below the average of 6,591,956
subscriptions per country. This positions Somalia at a rank of 122 out of 185 countries with data
available.
- Somalia has 8,844,000 mobile cellular subscriptions, which is below the average of 42,526,464
subscriptions per country. This places Somalia at a rank of 92 out of 193 countries included in the
dataset.
Summary
Somalia lags behind global averages in key macroeconomic indicators related to internet servers, broadband subscriptions, and mobile cellular subscriptions. With significantly lower numbers and rankings compared to the average, Somalia's digital infrastructure development appears to be limited. This is important as access to secure internet servers, broadband, and mobile cellular services are crucial for economic growth, innovation, communication, and integration into the global economy in today's interconnected world.
Energy Consumption
Somalia's renewable energy consumption is 95.52% of its total final energy consumption, significantly above the average of 32.18%. This places Somalia at rank 2 out of 191 countries in the dataset.
In terms of CO2 emissions, Somalia emits 660.4 kt, well below the average of 171,895.94 kt. This positions Somalia at rank 163 out of 188 countries included in the data.
Summary
Somalia excels in renewable energy consumption, utilizing 95.52% of its total final energy consumption compared to the global average of 32.18%, ranking 2nd out of 191 countries. However, it emits a significantly lower amount of CO2 at 660.4 kt, placing it at a lower rank of 163 out of 188 countries for CO2 emissions. These statistics are crucial as they demonstrate Somalia's commitment to sustainable energy practices, contributing to global efforts in combating climate change while also highlighting the country's potential for further development in renewable energy technologies.
Government Balance Sheet
Net acquisition of financial assets (% of GDP): Somalia's value for this attribute is very low at 0.0000067, significantly below the average of 2.45. This places Somalia at rank 63 out of 87 countries in the dataset.
Summary
Somalia's net acquisition of financial assets (% of GDP) is exceptionally low at 0.0000067, positioning the country significantly below the dataset's average of 2.45 and ranking it at 63 out of 87 countries. This indicates a lack of investment and capital accumulation within Somalia, potentially hindering economic growth and development due to limited financial resources for domestic investments and economic expansion.
Government Revenue
Revenue, excluding grants (% of GDP): In Somalia, the value for this attribute is extremely low at 0.000089, significantly below the average of 27.02%. This places Somalia at rank 122 out of 122 countries included in the data.
Grants and other revenue (% of revenue): Somalia has a high value of 72.45% for this attribute, well above the average of 23.54%. This puts Somalia at a high rank of 6 out of 108 countries.
Taxes on goods and services (% of revenue): With a value of 6.38%, Somalia's taxation on goods and services is below the average of 31.82%. Somalia ranks 118 out of 122 countries for this attribute.
Taxes on international trade (% of revenue): Somalia's value for this attribute is 17.98%, higher than the average of 6.24%. This places Somalia at rank 9 out of 101 countries in the dataset.
Other taxes (% of revenue): The value of 0.75% for other taxes in Somalia is below the average of 2.12%. Somalia ranks 61 out of 106 countries for this attribute.
Taxes on income, profits and capital gains (% of revenue): Somalia's value of 2.45% for this attribute is significantly lower than the average of 24.66%. This puts Somalia at rank 116 out of 119 countries in the dataset.
Summary
Summarizing the key macroeconomic indicators for Somalia reveals a concerning trend. The country has an exceptionally low revenue, excluding grants as a percentage of GDP, ranking last among the countries included. Additionally, its low taxation on goods and services, income, profits, and capital gains underscores a potential issue in revenue generation. This reliance on grants and high value of taxes on international trade may indicate a skewed revenue structure, posing challenges for sustainable economic development and self-sufficiency.
Taxes
Analysis of key tax-related statistics for Somalia:
1. Tax revenue (% of GDP): Somalia's tax revenue as a percentage of GDP is significantly below the average of 16.72%. With a value of 0.00006%, Somalia ranks 123 out of 123 countries in the dataset.
2. Customs and other import duties (% of tax revenue): Somalia's customs and import duties, accounting for 65.24% of tax revenue, are notably higher than the average of 9.01%. Somalia ranks 1st out of 99 countries in this metric.
3. Taxes on income, profits, and capital gains (% of total taxes): In Somalia, taxes on income, profits, and capital gains represent 8.90% of total taxes, significantly lower than the average of 38.40%. Somalia is ranked 116th out of 120 countries in this category.
Summary
Somalia's key tax-related statistics reveal a concerning fiscal situation. With tax revenue at just 0.00006% of GDP, the country ranks last in the dataset, indicating a severe lack of tax collection. Moreover, the overwhelming reliance on customs and import duties, comprising 65.24% of tax revenue, reflects a narrow tax base, which could lead to vulnerability in revenue generation. Additionally, the low contribution of taxes on income, profits, and capital gains (8.90% of total taxes) suggests limited diversification in revenue sources, potentially hindering sustainable fiscal development.
These findings highlight the urgent need for Somalia to implement comprehensive tax reforms to broaden its revenue streams, increase tax compliance, and reduce dependency on volatile sources like import duties. Enhancing tax collection efficiency and promoting economic diversification through progressive taxation policies can help strengthen the country's fiscal resilience and support long-term economic growth.
Government Expenses
1. Expense (% of GDP): Somalia's expense as a percentage of GDP is significantly below the average of 31.69%. With a value of 0.0002%, Somalia ranks 123 out of 123 countries in this dataset.
2. Compensation of employees (% of expense): In Somalia, the percentage of expense allocated to the compensation of employees is notably higher than the average of 24.70%. At 47.28%, Somalia ranks 10 out of 123 countries in this category.
3. Goods and services expense (% of expense): Somalia's allocation towards goods and services expense, at 16.99%, is slightly above the average of 14.77%. The country ranks 41 out of 122 countries for this metric.
4. Interest payments (% of expense): Somalia's interest payments as a percentage of expense, at 3.05%, are lower than the average of 6.85%. This places Somalia at 81st out of 121 countries in this aspect.
5. Subsidies and other transfers (% of expense): With a value of 32.67%, Somalia's spending on subsidies and other transfers is below the attribute average of 43.29%. The country ranks 82 out of 121 countries considered in this analysis.
Summary
Somalia demonstrates a unique expenditure pattern compared to other countries in the dataset. It allocates a minimal percentage of its GDP towards expenses, heavily prioritizing compensation of employees over other categories. Despite spending slightly more on goods and services than average, Somalia's interest payments and subsidies are notably lower. These indicators are crucial as they reveal Somalia's budgetary priorities, shedding light on its economic policies and social welfare strategies.
Top Stats
Ranks in Top Decile For:
| Attribute | Rank/Total |
|---|---|
| Population ages 0-14 (% of total population) | 5/194 |
| Age dependency ratio (% of working-age population) | 4/194 |
| Birth rate, crude (per 1,000 people) | 2/192 |
| Fertility rate, total (births per woman) | 2/190 |
| Forest rents (% of GDP) | 4/174 |
| Final consumption expenditure (% of GDP) | 2/159 |
| Households and NPISHs final consumption expenditure (% of GDP) | 1/158 |
| Renewable energy consumption (% of total final energy consumption) | 2/191 |
| Grants and other revenue (% of revenue) | 6/108 |
| Taxes on international trade (% of revenue) | 9/101 |
| Customs and other import duties (% of tax revenue) | 1/99 |
| Compensation of employees (% of expense) | 10/123 |
Ranks in Bottom Decile For:
| Attribute | Rank/Total |
|---|---|
| Population ages 15-64 (% of total population) | 191/194 |
| Population ages 65 and above (% of total population) | 177/194 |
| Arms imports (SIPRI trend indicator values) | 106/113 |
| Fertilizer consumption (kilograms per hectare of arable land) | 177/187 |
| Trademark applications, resident, by count | 128/129 |
| GDP per capita (current US$) | 182/190 |
| GDP per capita, PPP (current international $) | 174/181 |
| GNI per capita, PPP (current international $) | 174/181 |
| General government final consumption expenditure (% of GDP) | 155/158 |
| External balance on goods and services (% of GDP) | 161/163 |
| Exports of goods and services (% of GDP) | 147/163 |
| Merchandise imports by the reporting economy, residual (% of total merchandise imports) | 180/180 |
| Secure Internet servers (per 1 million people) | 186/193 |
| Revenue, excluding grants (% of GDP) | 122/122 |
| Taxes on goods and services (% of revenue) | 118/122 |
| Taxes on income, profits and capital gains (% of revenue) | 116/119 |
| Tax revenue (% of GDP) | 123/123 |
| Taxes on income, profits and capital gains (% of total taxes) | 116/120 |
| Expense (% of GDP) | 123/123 |