Somalia, Fed. Rep.—Government Revenue Excluding Grants (% of GDP)
Somalia, Fed. Rep.'s government revenue excluding grants (% of GDP) was 3.1% in 2024, ranking #138 out of 139 countries. This represents a +2.6% change from 2023. Over the past 8 years, the highest recorded value was 3.1% (2024) and the lowest was 1.9% (2017). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 3.1% | +2.6% |
| 2023 | 3.0% | +16.9% |
| 2022 | 2.6% | +6.3% |
| 2021 | 2.4% | -1.1% |
| 2020 | 2.4% | -7.7% |
| 2019 | 2.7% | +13.9% |
| 2018 | 2.3% | +24.5% |
| 2017 | 1.9% |
Top Countries — Government Revenue Excluding Grants (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Naoero | 115.5% | 2024 |
| 2 | Kiribati | 80.2% | 2023 |
| 3 | Timor-Leste | 51.5% | 2022 |
| 4 | Norway | 51.5% | 2024 |
| 5 | Austria | 45.1% | 2024 |
| 6 | Greece | 44.8% | 2024 |
| 7 | Luxembourg | 44.6% | 2024 |
| 8 | Slovenia | 43.5% | 2024 |
| 9 | France | 42.1% | 2024 |
| 10 | Lesotho | 42.0% | 2024 |
About This Indicator
Definition
Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. 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.
Methodology
Original contributors: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Unit
% of GDP