Somalia, Fed. Rep.: Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports)
In , Somalia, Fed. Rep.'s Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) was 4.67.
That's up 306.9% from 2022, the highest value since .
The global average for this indicator in 2023 was 5.08 . Somalia, Fed. Rep. ranks #45 globally out of 199 reporting countries. Within Sub-Saharan Africa, it ranks #4 of 47.
Source: World Bank Open Data (TM.VAL.MRCH.R3.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
- 15.45
- Trough
- 0.04
- 1-year change
- +306.9%
- 5-year change
- +90.8%
- +13.8% / yr
- 10-year change
- +209.1%
- +11.9% / yr
Historical Data — Last 10 Years
| Year | Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) |
|---|---|
| 4.6718 | |
| 1.1480 | |
| 1.7323 | |
| 2.2808 | |
| 0.6963 | |
| 2.4488 | |
| 2.8835 | |
| 4.2007 | |
| 2.1830 | |
| 1.5748 |
About Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports)
Merchandise imports from low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the Latin America and the Caribbean region 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.R3.ZS • Category: Trade & Finance
Frequently asked questions
- What was Somalia, Fed. Rep.'s Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) in 2023?
- In 2023, Somalia, Fed. Rep.'s Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) was 4.67, according to World Bank Open Data.
- Is Somalia, Fed. Rep.'s Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) rising or falling?
- Somalia, Fed. Rep.'s Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) rose 306.9% from 2022 to 2023.
- How does Somalia, Fed. Rep. rank globally on Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports)?
- In 2023, Somalia, Fed. Rep. ranked #45 out of 199 countries reporting Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports).
- How does Somalia, Fed. Rep.'s Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) compare to the world average?
- The global average for Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) in 2023 was 5.08, so Somalia, Fed. Rep. is below the world average. Within Sub-Saharan Africa, it ranks #4 of 47.
- What is Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) and how is it measured?
- Merchandise imports from low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the Latin America and the Caribbean region 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.R3.ZS), CC BY 4.0.