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.
Wealth share of the richest 1% in Somalia, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 37.4% | — |
| 1981 | 37.4% | +0.0% |
| 1982 | 37.4% | +0.0% |
| 1983 | 37.4% | +0.0% |
| 1984 | 37.4% | +0.0% |
| 1985 | 37.4% | +0.1% |
| 1986 | 37.4% | +0.0% |
| 1987 | 37.4% | +0.1% |
| 1988 | 37.5% | +0.3% |
| 1989 | 37.7% | +0.3% |
| 1990 | 37.7% | +0.1% |
| 1991 | 37.7% | +0.1% |
| 1992 | 37.8% | +0.0% |
| 1993 | 35.7% | -5.3% |
| 1994 | 32.8% | -8.3% |
| 1995 | 32.6% | -0.5% |
| 1996 | 31.4% | -3.9% |
| 1997 | 30.6% | -2.5% |
| 1998 | 29.6% | -3.3% |
| 1999 | 28.5% | -3.8% |
| 2000 | 28.6% | +0.4% |
| 2001 | 28.8% | +0.7% |
| 2002 | 28.7% | -0.4% |
| 2003 | 28.6% | -0.1% |
| 2004 | 28.6% | -0.3% |
| 2005 | 28.6% | +0.0% |
| 2006 | 28.6% | +0.3% |
| 2007 | 28.8% | +0.4% |
| 2008 | 28.8% | +0.0% |
| 2009 | 28.9% | +0.6% |
| 2010 | 28.9% | -0.3% |
| 2011 | 28.8% | -0.3% |
| 2012 | 28.8% | -0.0% |
| 2013 | 28.9% | +0.4% |
| 2014 | 29.0% | +0.3% |
| 2015 | 28.9% | -0.0% |
| 2016 | 28.6% | -1.1% |
| 2017 | 28.3% | -1.2% |
| 2018 | 27.8% | -1.8% |
| 2019 | 26.9% | -3.1% |
| 2020 | 26.6% | -1.2% |
| 2021 | 26.7% | +0.5% |
| 2022 | 26.6% | -0.7% |
| 2023 | 26.5% | -0.0% |
| 2024 | 26.5% | +0.0% |
Somalia compared with similar countries
- Somalia's 26.5% is above the median for low income countries, which is 25.9%, 1.0× the median. (25 countries reporting)
- Somalia's 26.5% is above the median for Sub-Saharan Africa, which is 26.3%, 1.0× the median. (48 countries reporting)
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
- Emission Totals - Emissions (N2O) - Crop Residues 0.2685 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Manure Management 1,290 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.8842 (2050)
- Emission Totals - Emissions (CH4) - Burning - Crop residues 0.4444 (2050)
- Emission Totals - Emissions (N2O) - Burning - Crop residues 0.0115 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Agricultural 11,378 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 41.78 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Burning - Crop 3.05 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - IPCC Agriculture 40,976 (2050)
- Emission Totals - Emissions (N2O) - Agricultural Soils 42.94 (2050)
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.
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About this data
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.