Somalia: Taxes on international trade
* indicates monthly or quarterly data series
| Somalia |
Taxes on international trade, percent of total revenue |
|---|---|
| Latest value | 17.98 |
| Year | 2020 |
| Measure | percent |
| Data availability | 2017 - 2020 |
| Average | 30.99 |
| Min - Max | 17.98 - 37.38 |
| Source | The World Bank |
The latest value from 2020 is 17.98 percent, a decline from 32.15 percent in 2019. In comparison, the world average is 6.64 percent, based on data from 99 countries. Historically, the average for Somalia from 2017 to 2020 is 30.99 percent. The minimum value, 17.98 percent, was reached in 2020 while the maximum of 37.38 percent was recorded in 2017.
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* indicates monthly or quarterly data series
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Definition: Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes.
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What factors determine the exchange rates
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 7.28 | 2022 | percent |
| Government spending, in dollars | 0.82 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -0.40 | 2023 | percent |
| Tax revenue | 0.00 | 2020 | percent |
| Taxes on goods and services | 6.38 | 2020 | percent |
| Taxes on international trade | 17.98 | 2020 | percent |
| Income and profits taxes | 2.45 | 2020 | percent |
| Foreign aid | 2,395.26 | 2021 | million U.S. dollars |