Africa's Development Dynamics (AfDD) Table 20 - External financial in Somalia
Somalia: Africa's Development Dynamics (AfDD) Table 20 - External financial was 18.6 Percentage of GDP in 2022. ▲ Rising
Africa's Development Dynamics (AfDD) Table 20 - External financial in Somalia, 2011–2022
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Somalia recorded 18.6 Percentage of GDP for africa's development dynamics (afdd) table 20 - external financial in 2022.
That represents a change of down 24.0% on the previous year and down 2.7% over ten years.
Over the whole period, africa's development dynamics (afdd) table 20 - external financial in Somalia peaked at 33.08 Percentage of GDP in 2020 and was at its lowest, 16.02 Percentage of GDP, in 2016.
That places Somalia 10th out of 128 countries with data for 2022, putting it in the top 10%.
The long-run direction has been consistently rising across the 12 years of available data.
Africa's Development Dynamics (AfDD) Table 20 - External financial in Somalia, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2011 | 21.88 Percentage of GDP | — |
| 2012 | 19.11 Percentage of GDP | -12.7% |
| 2013 | 17.97 Percentage of GDP | -6.0% |
| 2014 | 17.21 Percentage of GDP | -4.2% |
| 2015 | 18.43 Percentage of GDP | +7.0% |
| 2016 | 16.02 Percentage of GDP | -13.1% |
| 2017 | 21.33 Percentage of GDP | +33.2% |
| 2018 | 19.03 Percentage of GDP | -10.8% |
| 2019 | 18.26 Percentage of GDP | -4.1% |
| 2020 | 33.08 Percentage of GDP | +81.2% |
| 2021 | 24.47 Percentage of GDP | -26.0% |
| 2022 | 18.6 Percentage of GDP | -24.0% |
Somalia compared with similar countries
- Somalia's 18.6 Percentage of GDP is above the median for low income countries, which is 12.7 Percentage of GDP, 1.5× the median. (20 countries reporting)
- Somalia's 18.6 Percentage of GDP is above the median for Sub-Saharan Africa, which is 5.23 Percentage of GDP, 3.6× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 18.8 Percentage of GDP | 16.02 Percentage of GDP | 21.88 Percentage of GDP | 9 |
| 2020s | 25.38 Percentage of GDP | 18.6 Percentage of GDP | 33.08 Percentage of GDP | 3 |
Countries ranked near Somalia
- 7 South Sudan 25.84 Percentage of GDP compare
- 8 Nauru 23.06 Percentage of GDP compare
- 9 Democratic Republic of the Congo 4.93 Percentage of GDP compare
- 9 Palau 22.59 Percentage of GDP compare
- 9 Cabo Verde 3.67 Percentage of GDP compare
- 10 Mauritania 3.34 Percentage of GDP compare
- 11 Ukraine 17.9 Percentage of GDP compare
- 12 Solomon Islands 16.2 Percentage of GDP compare
- 13 Yemen 15.45 Percentage of GDP compare
More reference data data for Somalia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.2637 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 10.39 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 10.71 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0493 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 10.71 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.8842 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.3652 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 41.78 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 43.31 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.2685 (2050)
Frequently asked questions
- What is africa's development dynamics (afdd) table 20 - external financial in Somalia?
- Africa's development dynamics (afdd) table 20 - external financial in Somalia was 18.6 Percentage of GDP in 2022, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 20 - external financial recorded in Somalia?
- The highest recorded value was 33.08 Percentage of GDP in 2020.
- What is the lowest africa's development dynamics (afdd) table 20 - external financial recorded in Somalia?
- The lowest recorded value was 16.02 Percentage of GDP in 2016.
- How does Somalia rank for africa's development dynamics (afdd) table 20 - external financial?
- Somalia ranks 10th out of 128 countries with data for 2022.
- Is africa's development dynamics (afdd) table 20 - external financial rising or falling in Somalia?
- Over the last ten years it is down 2.7%. The long-run trend across the full record is rising.
- Where does this Somalia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 20 - External financial inflows — Net Official Development Assistance (ODA) inflows. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 20 shows indicators of external financial flows in US dollars and as a percentage of GDP, including foreign direct investment, portfolio investment, net official development assistance, and remittances.