Wealth share of the richest 1% in Somalia
Somalia: Wealth share of the richest 1% was 26.5% in 2024. ▼ Falling
Wealth share of the richest 1% in Somalia, 1980–2024
Source: World Inequality Database (WID.world) (2026) – with major processing by Our World in Data. Measured in %.
Analysis
Somalia recorded 26.5% for wealth share of the richest 1% in 2024. That is the lowest value across all 45 years on record.
That represents a change of down 8.4% over ten years.
Over the whole period, wealth share of the richest 1% in Somalia peaked at 37.8% in 1992 and was at its lowest, 26.5%, in 2023.
That places Somalia 121st out of 215 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 45 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 37.4% | 37.4% | 37.7% | 10 |
| 1990s | 33.4% | 28.5% | 37.8% | 10 |
| 2000s | 28.7% | 28.6% | 28.9% | 10 |
| 2010s | 28.5% | 26.9% | 29.0% | 10 |
| 2020s | 26.6% | 26.5% | 26.7% | 5 |
Countries ranked near Somalia
More reference data data for Somalia
- Spring temperature anomalies 0.3971 °C (2026)
- Summer temperature anomalies 0.484 °C (2026)
- Temperature anomalies by month -0.06 °C (2026)
- Universal right to vote in practice 0 (2025)
- Autumn temperature anomalies 0.6624 °C (2025)
- Winter temperature anomalies 0.697 °C (2025)
- Universal right to vote 0 (2025)
- Competitive elections 0 (2025)
- Men's universal right to vote 0 (2025)
- Elected parliament 0 (2025)
Frequently asked questions
- What is wealth share of the richest 1% in Somalia?
- Wealth share of the richest 1% in Somalia was 26.5% in 2024, according to World Inequality Database (WID.world) (2026) – with major processing by Our World in Data.
- What is the highest wealth share of the richest 1% recorded in Somalia?
- The highest recorded value was 37.8% in 1992.
- What is the lowest wealth share of the richest 1% recorded in Somalia?
- The lowest recorded value was 26.5% in 2023.
- How does Somalia rank for wealth share of the richest 1%?
- Somalia ranks 121st out of 215 countries with data for 2024.
- Is wealth share of the richest 1% rising or falling in Somalia?
- Over the last ten years it is down 8.4%. The long-run trend across the full record is falling.
- Where does this Somalia data come from?
- The figures come from World Inequality Database (WID.world) (2026) – with major processing by Our World in Data, published as part of Wealth share of the richest 1%. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
The share of wealth owned by the richest 1% of the population. Wealth is defined as the total value of non-financial and financial assets (housing, land, deposits, bonds, equities, etc.) held by households, minus their debts.