Somalia, Fed. Rep.: Merchandise imports from high-income economies (% of total merchandise imports)
In , Somalia, Fed. Rep.'s Merchandise imports from high-income economies (% of total merchandise imports) was 15.83.
That's down 0.6% from 2022, the highest value since .
The global average for this indicator in 2023 was 58.25 . Somalia, Fed. Rep. ranks #196 globally out of 205 reporting countries. Within Sub-Saharan Africa, it ranks #43 of 48.
Source: World Bank Open Data (TM.VAL.MRCH.HI.ZS) • Data as of 2023
Trend (2004–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 40.56
- Trough
- 15.83
- 1-year change
- -0.6%
- 5-year change
- -28.5%
- -6.5% / yr
- 10-year change
- -61.0%
- -9.0% / yr
Historical Data — Last 10 Years
| Year | Merchandise imports from high-income economies (% of total merchandise imports) |
|---|---|
| 15.8343 | |
| 15.9247 | |
| 16.0546 | |
| 19.8554 | |
| 20.1312 | |
| 22.1594 | |
| 26.7753 | |
| 21.3270 | |
| 25.7071 | |
| 30.9735 |
About Merchandise imports from high-income economies (% of total merchandise imports)
Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Indicator code: TM.VAL.MRCH.HI.ZS • Category: Trade & Finance
Frequently asked questions
- What was Somalia, Fed. Rep.'s Merchandise imports from high-income economies (% of total merchandise imports) in 2023?
- In 2023, Somalia, Fed. Rep.'s Merchandise imports from high-income economies (% of total merchandise imports) was 15.83, according to World Bank Open Data.
- Is Somalia, Fed. Rep.'s Merchandise imports from high-income economies (% of total merchandise imports) rising or falling?
- Somalia, Fed. Rep.'s Merchandise imports from high-income economies (% of total merchandise imports) fell 0.6% from 2022 to 2023.
- How does Somalia, Fed. Rep. rank globally on Merchandise imports from high-income economies (% of total merchandise imports)?
- In 2023, Somalia, Fed. Rep. ranked #196 out of 205 countries reporting Merchandise imports from high-income economies (% of total merchandise imports).
- How does Somalia, Fed. Rep.'s Merchandise imports from high-income economies (% of total merchandise imports) compare to the world average?
- The global average for Merchandise imports from high-income economies (% of total merchandise imports) in 2023 was 58.25, so Somalia, Fed. Rep. is below the world average. Within Sub-Saharan Africa, it ranks #43 of 48.
- What is Merchandise imports from high-income economies (% of total merchandise imports) and how is it measured?
- Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Source: World Bank Open Data (TM.VAL.MRCH.HI.ZS), CC BY 4.0.