Somalia: Economic decline index

* indicates monthly or quarterly data series
 Somalia

Economic decline index, 0 (low) - 10 (high)

 Latest value 9.20
 Year 2024
 Measure index points
 Data availability 2007 - 2024
 Average 9.22
 Min - Max 8.80 - 9.70
 Source Fund for Peace
The latest value from 2024 is 9.2 index points, a decline from 9.5 index points in 2023. In comparison, the world average is 5.54 index points, based on data from 176 countries. Historically, the average for Somalia from 2007 to 2024 is 9.22 index points. The minimum value, 8.8 index points, was reached in 2019 while the maximum of 9.7 index points was recorded in 2012. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Somalia - Economic decline index - Recent values chart

Historical series
Somalia - Economic decline index - historical chart - 2007-2024




Definition: The Economic decline indicator considers factors related to economic decline within a country. For example, the indicator looks at patterns of progressive economic decline of the society as a whole as measured by per capita income, Gross National Product, unemployment rates, inflation, productivity, debt, poverty levels, or business failures. It also takes into account sudden drops in commodity prices, trade revenue, or foreign investment, and any collapse or devaluation of the national currency. The higher the value of the indicator, the greater the economic decline in the country.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Fragile state index 111.30 2024 index points
 Security threats index 9.70 2024 index points
 Factionalized elites index 10.00 2024 index points
 Group grievance index 9.00 2024 index points
 Economic decline index 9.20 2024 index points
 Uneven economic development 9.00 2024 index points
 Human flight and brain drain 8.50 2024 index points
 State legitimacy index 9.70 2024 index points
 Public services index 9.50 2024 index points
 Human rights and rule of law index 8.70 2024 index points
 Demographic pressures index 10.00 2024 index points
 Refugees and displaced persons index 9.00 2024 index points
 External interventions index 9.00 2024 index points
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