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Government Finance of Somalia

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Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

10.0% 82.2%
  • Personal income taxes: 10.0%
  • Corporate income taxes: 1.3%
  • Property taxes: 0.6%
  • Goods and services taxes: 82.2%
  • Other taxes: 3.7%
Show table
Personal income taxes
10.0%
Corporate income taxes
1.3%
Property taxes
0.6%
Goods and services taxes
82.2%
Other taxes
3.7%

Source: OECD Global Revenue Statistics Database, 2024.

Government Debt

Government Gross Debt (% of GDP) No data - -
Government Gross Debt (Local currency - SOS) No data - -
Government Net Debt (% of GDP) No data - -
Government Net Debt (Local currency - SOS) No data - -

Fiscal Balance

Fiscal Balance (% of GDP) -0.6% #36 / 189 2026
Fiscal Balance (Local currency - SOS) -84M - 2026
Primary Fiscal Balance (% of GDP) -0.5% #73 / 182 2026
Primary Fiscal Balance (Local currency - SOS) -73M - 2026

Revenue and Spending

Government Revenue (% of GDP) 7.2% #187 / 189 2026
Government Revenue (Local currency - SOS) 1.02B - 2026
Government Spending (% of GDP) 7.8% #188 / 189 2026
Government Spending (Local currency - SOS) 1.1B - 2026

International Reserves

Total Reserves (USD) No data - -

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