Somalia, Fed. Rep.: Imports of goods and services (% of GDP)
In , Somalia, Fed. Rep.'s Imports of goods and services (% of GDP) was 99.11.
That's up 22.1% from 2023, the highest value on record.
The global average for this indicator in 2024 was 47.94 . Somalia, Fed. Rep. ranks #9 globally out of 160 reporting countries. Within Sub-Saharan Africa, it ranks #2 of 39.
Source: World Bank Open Data (NE.IMP.GNFS.ZS) • Data as of 2024
Trend (2012–2024)
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 99.11
- Trough
- 55.63
- 1-year change
- +22.1%
- 5-year change
- +73.2%
- +11.6% / yr
- 10-year change
- +58.5%
- +4.7% / yr
Historical Data — Last 10 Years
| Year | Imports of goods and services (% of GDP) |
|---|---|
| 99.1142 | |
| 81.1827 | |
| 73.0765 | |
| 62.9442 | |
| 62.0422 | |
| 57.2320 | |
| 59.6088 | |
| 55.6291 | |
| 58.2256 | |
| 59.6078 |
About Imports of goods and services (% of GDP)
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.IMP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Somalia, Fed. Rep.'s Imports of goods and services (% of GDP) in 2024?
- In 2024, Somalia, Fed. Rep.'s Imports of goods and services (% of GDP) was 99.11, according to World Bank Open Data.
- Is Somalia, Fed. Rep.'s Imports of goods and services (% of GDP) rising or falling?
- Somalia, Fed. Rep.'s Imports of goods and services (% of GDP) rose 22.1% from 2023 to 2024.
- How does Somalia, Fed. Rep. rank globally on Imports of goods and services (% of GDP)?
- In 2024, Somalia, Fed. Rep. ranked #9 out of 160 countries reporting Imports of goods and services (% of GDP).
- How does Somalia, Fed. Rep.'s Imports of goods and services (% of GDP) compare to the world average?
- The global average for Imports of goods and services (% of GDP) in 2024 was 47.94, so Somalia, Fed. Rep. is above the world average. Within Sub-Saharan Africa, it ranks #2 of 39.
- What is Imports of goods and services (% of GDP) and how is it measured?
- Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.IMP.GNFS.ZS), CC BY 4.0.