Somalia: Household consumption, in dollars

* indicates monthly or quarterly data series
 Somalia

Household consumption, billion USD

 Latest value 14.77
 Year 2023
 Measure billion U.S. dollars
 Data availability 1960 - 2023
 Average 3.57
 Min - Max 0.16 - 14.77
 Source The World Bank
For that indicator, we provide data for Somalia from 1960 to 2023. The average value for Somalia during that period was 3.57 billion U.S. dollars with a minimum of 0.16 billion U.S. dollars in 1960 and a maximum of 14.77 billion U.S. dollars in 2023. The latest value from 2023 is 14.77 billion U.S. dollars. For comparison, the world average in 2023 based on 131 countries is 221.09 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Somalia - Household consumption, in dollars - Recent values chart

Historical chart
Somalia - Household consumption, in dollars - historical chart - 1960-2023




Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in current U.S. dollars.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

Are trade deficits bad for the economy?

The unholy trinity of international finance

Most commonly used measures of corruption

All articles



 Related indicators Latest value Reference Measure
 Capital investment, percent of GDP 15.50 1990 percent
 Capital investment, in dollars 0.14 1990 billion U.S. dollars
 Household consumption, percent of GDP 126.45 2023 percent
 Household consumption, in dollars 14.77 2023 billion U.S. dollars
This site uses cookies.
Learn more here


OK