Somalia — Gross fixed capital formation (USD)
millions of USD · Annual · 1970–2024 · 55 observations
About this series
Gross fixed capital formation is the value of fixed assets acquired less the value of fixed assets disposed of during the period for use in production. It excludes changes in inventories. This series reports the amount in millions of US dollars.
In Somalia, the gross fixed capital formation reading was 3.20B USD in 2024, compared with 2.59B USD in 2023. The period change was +23.7%. The latest reading was above the selected 10-year average of 1.66B USD. The corresponding ratio to GDP was 26.8% in 2024.
Get the full series
- Annual data, 1970–2024
- The underlying source, downloadable
Latest observations
2014–2024
| Period | Value |
|---|---|
| 2024 | 3.20B USD |
| 2023 | 2.59B USD |
| 2022 | 2.41B USD |
| 2021 | 1.71B USD |
| 2020 | 1.38B USD |
6 earlier values, back to 2014
| 2019 | 1.39B USD |
| 2018 | 1.27B USD |
| 2017 | 1.03B USD |
| 2016 | 816.60M USD |
| 2015 | 771.98M USD |
| 2014 | 700.07M USD |