Somalia, Fed. Rep.: Import value index (2015 = 100)

Key figures

What the numbers say

In 2024, Somalia, Fed. Rep.'s import value index (2015 = 100) fell 0.9 on 2023 (from 186.5 to 185.6).

Across the 18 yearly changes before that (2006 to 2023), the average change was +9.45 and a typical year strayed about 9.35 from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 26.3 in 2019 and the biggest yearly fall was 6.5 in 2023. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 11.81 a year. A straight line explains 92% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Somalia, Fed. Rep. had the 47th highest value of the 204 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Somalia, Fed. Rep. in the 2024 ranking

• Iraq — 44th of 204: 186.4
• North Macedonia — 45th of 204: 186.1
• Ireland — 46th of 204: 185.9
• Nepal — 48th of 204: 185.2
• Iceland — 49th of 204: 185.1
• Bulgaria — 50th of 204: 184.2

What this measures

Import value indexes are the current value of imports (c.i.f.) converted to U.S. dollars and expressed as a percentage of the average for the base period (2015). UNCTAD's import value indexes are reported for most economies.

All 20 values

Import value index (2015 = 100) in nearby economies

• Angola — 80 (2024)
• Benin — 204.3 (2024)
• Botswana — 99.3 (2024)
• Burkina Faso — 209.8 (2024)
• Burundi — 119.5 (2024)
• Cabo Verde — 300.7 (2024)
• Cameroon — 136.5 (2024)
• Central African Republic — 156.5 (2024)
• Chad — 56 (2024)
• Comoros — 168.5 (2024)
• Congo, Dem. Rep. — 330.3 (2024)

More trade data for Somalia, Fed. Rep.

• Import volume index (2015 = 100) — 142 (2024)
• Net barter terms of trade index (2015 = 100) — 75.1 (2024)
• Export volume index (2015 = 100) — 169 (2024)
• Export value index (2015 = 100) — 166 (2024)

Every indicator for Somalia, Fed. Rep. is on the Somalia, Fed. Rep. data page.

Reading data like this

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Questions people ask

What is Somalia, Fed. Rep.'s import value index (2015 = 100)?

185.6 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 1,032% from 16.4 in 2005 (13.62% a year on average, compounded). The highest value was 193 in 2022 and the lowest 16.4 in 2005.

How does Somalia, Fed. Rep. rank?

47th highest of 204 economies with data for 2024.

Is the latest change in import value index (2015 = 100) unusual for Somalia, Fed. Rep.?

In 2024, Somalia, Fed. Rep.'s import value index (2015 = 100) fell 0.9 on 2023 (from 186.5 to 185.6). Across the 18 yearly changes before that (2006 to 2023), the average change was +9.45 and a typical year strayed about 9.35 from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator TM.VAL.MRCH.XD.WD, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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