Tax revenues vs income inequality, annual growth rate in Somalia

Somalia: Tax revenues vs income inequality, annual growth rate was 15.94 % change on previous year in 2023. ◆ Volatile

Latest (2023)
15.94 % change on previous year
Change on year
up 325.8%
World rank
18th
of 187 countries
All-time high
56.52 % change on previous year
in 2016
All-time low
-39.21 % change on previous year
in 2019
Years of data
10
2014–2023

Tax revenues vs income inequality, annual growth rate in Somalia, 2014–2023

-40-2002040602014201820232014: 2 % change on previous year2015: 8.7 % change on previous year2016: 56.5 % change on previous year2017: 17.7 % change on previous year2018: 18.4 % change on previous year2019: -39.2 % change on previous year2020: -9.6 % change on previous year2021: 6.2 % change on previous year2022: 3.7 % change on previous year2023: 15.9 % change on previous year

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

In 2023, tax revenues vs income inequality, annual growth rate in Somalia stood at 15.94 % change on previous year.

Compared with earlier readings it is up 325.8% on the previous year and up 709.1% over ten years.

Over the whole period, tax revenues vs income inequality, annual growth rate in Somalia peaked at 56.52 % change on previous year in 2016 and was at its lowest, -39.21 % change on previous year, in 2019.

That places Somalia 18th out of 187 countries with data for 2023, putting it in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Tax revenues vs income inequality, annual growth rate in Somalia, year by year

Annual values for Tax revenues vs income inequality, annual growth rate in Somalia, 2014 to 2023.
Year % change on previous year Change
2014 1.97 % change on previous year
2015 8.71 % change on previous year +342.1%
2016 56.52 % change on previous year +548.8%
2017 17.69 % change on previous year -68.7%
2018 18.45 % change on previous year +4.3%
2019 -39.21 % change on previous year -312.5%
2020 -9.6 % change on previous year -75.5%
2021 6.17 % change on previous year -164.3%
2022 3.74 % change on previous year -39.3%
2023 15.94 % change on previous year +325.8%

Averages by decade

DecadeAverage LowestHighest Years
2010s 10.69 % change on previous year -39.21 % change on previous year 56.52 % change on previous year 6
2020s 4.06 % change on previous year -9.6 % change on previous year 15.94 % change on previous year 4

Countries ranked near Somalia

  1. 15 Zimbabwe 16.3 % change on previous year compare
  2. 16 Timor-Leste 15.99 % change on previous year
  3. 17 Botswana 15.96 % change on previous year compare
  4. 19 Maldives 15.57 % change on previous year compare
  5. 20 Oman 15.37 % change on previous year compare
  6. 21 Kenya 14.9 % change on previous year compare

See the full ranking of 187 places →

More poverty & inequality data for Somalia

All data for Somalia →

Frequently asked questions

What is tax revenues vs income inequality, annual growth rate in Somalia?
Tax revenues vs income inequality, annual growth rate in Somalia was 15.94 % change on previous year in 2023, according to Statizoid (derived).
What is the highest tax revenues vs income inequality, annual growth rate recorded in Somalia?
The highest recorded value was 56.52 % change on previous year in 2016.
What is the lowest tax revenues vs income inequality, annual growth rate recorded in Somalia?
The lowest recorded value was -39.21 % change on previous year in 2019.
How does Somalia rank for tax revenues vs income inequality, annual growth rate?
Somalia ranks 18th out of 187 countries with data for 2023.
Is tax revenues vs income inequality, annual growth rate rising or falling in Somalia?
Over the last ten years it is up 709.1%. The long-run trend across the full record is volatile.
Where does this Somalia data come from?
The figures come from Statizoid (derived), published as part of Tax revenues vs income inequality, annual growth rate. Statizoid updates them automatically from the source API.

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Tax revenues vs income inequality, annual growth rate in Somalia. Statizoid, drawing on Statizoid (derived). Retrieved 08 September 2026, from https://poverty.statizoid.com/stat/tax-revenues-vs-income-inequality-annual-growth-rate/somalia-fed-rep/

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How this figure is calculated

The year-on-year percentage change in Tax revenues vs income inequality. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Tax revenues vs income inequality, annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
187 places, 6,042 data points, 1981–2023
Last refreshed

The year-on-year percentage change in Tax revenues vs income inequality. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.