Somalia, Fed. Rep. - Inflation Rate 2023
6.17%
−0.61pp from 2022
Somalia, Fed. Rep.'s inflation rate was 6.17% in 2023, decreased +0.61pp from 6.78% in 2022. This was the 108th highest globally.
Global Ranking - 2023▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Afghanistan | -4.64% | -143.8% |
| 2nd | Turkmenistan | -1.59% | -114.2% |
| 3rd | Seychelles | -1.04% | -139.3% |
| 4th | Bahrain | 0.07% | -97.9% |
| 5th | China | 0.23% | -88.1% |
| 6th | Brunei Darussalam | 0.36% | -90.3% |
| 7th | Macao SAR, China | 0.48% | -54.4% |
| 8th | Costa Rica | 0.53% | -93.7% |
| 9th | Burkina Faso | 0.74% | -94.6% |
| 10th | Yemen, Republic of | 0.86% | -97.1% |
| 11th | Oman | 0.95% | -62.2% |
| 12th | Panama | 1.49% | -48.0% |
| 13th | Djibouti | 1.50% | -71.1% |
| 14th | United Arab Emirates | 1.63% | -66.3% |
| 15th | Armenia | 1.98% | -77.4% |
| 16th | Mali | 2.06% | -78.8% |
| 17th | Jordan | 2.08% | -50.7% |
| 18th | Hong Kong SAR, China | 2.10% | 11.5% |
| 19th | Cambodia | 2.13% | -60.1% |
| 20th | Liechtenstein | 2.14% | -24.7% |
| 21st | Switzerland | 2.14% | -24.7% |
| 22nd | Ecuador | 2.22% | -36.1% |
| 23rd | Papua New Guinea | 2.30% | -56.2% |
| 24th | Saudi Arabia | 2.33% | -5.9% |
| 25th | Fiji | 2.34% | -45.7% |
| 26th | Libya | 2.37% | -47.4% |
| 27th | South Sudan | 2.38% | 174.2% |
| 28th | Georgia | 2.49% | -79.1% |
| 29th | Malaysia | 2.49% | -26.3% |
| 30th | Bolivia, Plurinational State of | 2.58% | 47.5% |
| 31st | Grenada | 2.70% | 5.3% |
| 32nd | Benin | 2.74% | 102.7% |
| 33rd | Guyana | 2.82% | -56.5% |
| 34th | Equatorial Guinea | 2.86% | -41.3% |
| 35th | Maldives | 2.93% | 12.6% |
| 36th | Central African Republic | 2.98% | -46.6% |
| 37th | Qatar | 3.03% | -39.0% |
| 38th | Bahamas, The | 3.05% | -45.5% |
| 39th | Viet Nam | 3.25% | 3.0% |
| 40th | Japan | 3.27% | 30.9% |
| 41st | Denmark | 3.31% | -61.3% |
| 42nd | Aruba | 3.36% | -39.1% |
| 43rd | Greece | 3.46% | -62.7% |
| 44th | Puerto Rico (US) | 3.48% | -42.2% |
| 45th | Spain | 3.53% | -57.6% |
| 46th | Cyprus | 3.54% | -56.3% |
| 47th | St. Kitts and Nevis | 3.56% | 33.3% |
| 48th | Korea | 3.60% | -29.3% |
| 49th | Gabon | 3.63% | -14.6% |
| 50th | Kuwait | 3.64% | -8.5% |
| 51st | Tajikistan | 3.65% | -45.0% |
| 52nd | Indonesia | 3.67% | -11.3% |
| 53rd | Niger | 3.70% | -12.5% |
| 54th | Cabo Verde | 3.72% | -53.0% |
| 55th | Luxembourg | 3.74% | -54.1% |
| 56th | Tanzania | 3.80% | -12.7% |
| 57th | Netherlands | 3.84% | -67.0% |
| 58th | Canada | 3.88% | -42.8% |
| 59th | El Salvador | 4.05% | -43.8% |
| 60th | Belgium | 4.05% | -60.8% |
| 61st | St. Lucia | 4.07% | -36.2% |
| 62nd | United States | 4.12% | -48.5% |
| 63rd | Israel | 4.23% | -3.9% |
| 64th | Bhutan | 4.23% | -28.9% |
| 65th | Congo, Republic of | 4.30% | 42.2% |
| 66th | Portugal | 4.31% | -46.8% |
| 67th | Iraq | 4.36% | -12.6% |
| 68th | Côte d'Ivoire | 4.37% | -16.6% |
| 69th | Belize | 4.39% | -30.0% |
| 70th | St. Vincent and the Grenadines | 4.56% | -19.4% |
| 71st | Brazil | 4.59% | -50.5% |
| 72nd | Trinidad and Tobago | 4.63% | -20.5% |
| 73rd | Paraguay | 4.63% | -52.6% |
| 74th | Albania | 4.76% | -29.3% |
| 75th | Nauru | 4.78% | 317.3% |
| 76th | Dominican Republic | 4.79% | -45.7% |
| 77th | Singapore | 4.83% | -21.2% |
| 78th | France | 4.88% | -17.4% |
| 79th | Kosovo | 4.94% | -57.3% |
| 80th | Eswatini | 4.95% | 3.1% |
| 81st | Mauritania | 4.95% | -48.2% |
| 82nd | Belarus | 5.00% | -67.2% |
| 83rd | Antigua and Barbuda | 5.07% | -32.7% |
| 84th | Botswana | 5.07% | -58.4% |
| 85th | Dominica | 5.09% | -34.0% |
| 86th | Malta | 5.09% | -16.9% |
| 87th | Uganda | 5.35% | -25.6% |
| 88th | Togo | 5.49% | -28.0% |
| 89th | Norway | 5.52% | -4.3% |
| 90th | Mexico | 5.53% | -30.0% |
| 91st | Australia | 5.60% | -15.9% |
| 92nd | Andorra | 5.61% | -9.6% |
| 93rd | Italy | 5.62% | -35.6% |
| 94th | India | 5.65% | -15.1% |
| 95th | New Zealand | 5.73% | -20.1% |
| 96th | Russian Federation | 5.87% | -57.3% |
| 97th | Uruguay | 5.87% | -35.5% |
| 98th | West Bank and Gaza | 5.87% | 57.0% |
| 99th | Namibia | 5.88% | -3.2% |
| 100th | Solomon Islands | 5.89% | 8.9% |
| 101st | San Marino | 5.93% | 11.4% |
| 102nd | Senegal | 5.94% | -38.7% |
| 103rd | Germany | 5.95% | -31.4% |
| 104th | Philippines | 5.98% | 2.7% |
| 105th | South Africa | 6.08% | -11.5% |
| 106th | Morocco | 6.09% | -8.3% |
| 107th | Bosnia and Herzegovina | 6.11% | -56.4% |
| 108th | Somalia, Fed. Rep. | 6.17% | -8.9% |
| 109th | Guatemala | 6.21% | -9.8% |
| 110th | Micronesia, Federated States of | 6.21% | 23.7% |
| 111th | Finland | 6.25% | -12.8% |
| 112th | Ireland | 6.30% | -22.0% |
| 113th | European Union | 6.30% | -28.7% |
| 114th | Lesotho | 6.34% | -22.2% |
| 115th | Tonga | 6.35% | -3.0% |
| 116th | Peru | 6.46% | -18.0% |
| 117th | Jamaica | 6.47% | -37.4% |
| 118th | Honduras | 6.66% | -26.7% |
| 119th | United Kingdom | 6.79% | -25.1% |
| 120th | Mauritius | 7.05% | -34.6% |
| 121st | Guinea-Bissau | 7.10% | -10.3% |
| 122nd | Nepal | 7.12% | 11.7% |
| 123rd | Mozambique | 7.13% | -31.3% |
| 124th | Tuvalu | 7.17% | -41.1% |
| 125th | Cameroon | 7.38% | 18.1% |
| 126th | Marshall Islands | 7.44% | 168.1% |
| 127th | Slovenia | 7.45% | -15.7% |
| 128th | Chile | 7.58% | -34.9% |
| 129th | Kenya | 7.67% | 0.3% |
| 130th | Guinea | 7.80% | -25.7% |
| 131st | Austria | 7.81% | -9.3% |
| 132nd | Samoa | 7.92% | -9.4% |
| 133rd | Croatia | 7.94% | -25.6% |
| 134th | Comoros | 8.37% | -32.7% |
| 135th | Nicaragua | 8.39% | -19.9% |
| 136th | Timor-Leste | 8.42% | 20.2% |
| 137th | Thailand | 8.48% | 39.5% |
| 138th | Sweden | 8.55% | 6.1% |
| 139th | Montenegro | 8.58% | -34.2% |
| 140th | Iceland | 8.74% | 5.2% |
| 141st | Azerbaijan | 8.79% | -36.6% |
| 142nd | Latvia | 8.94% | -48.2% |
| 143rd | Lithuania | 9.12% | -51.7% |
| 144th | Estonia | 9.16% | -52.9% |
| 145th | Kiribati | 9.28% | 73.6% |
| 146th | Algeria | 9.32% | 0.6% |
| 147th | Tunisia | 9.33% | 12.3% |
| 148th | North Macedonia | 9.36% | -34.1% |
| 149th | Bulgaria | 9.44% | -27.5% |
| 150th | Barbados | 9.79% | 124.5% |
| 151st | Madagascar | 9.87% | 21.1% |
| 152nd | Bangladesh | 9.88% | 60.7% |
| 153rd | Uzbekistan | 9.96% | -13.0% |
| 154th | Liberia | 10.09% | 32.9% |
| 155th | Mongolia | 10.35% | -31.7% |
| 156th | Romania | 10.40% | -24.7% |
| 157th | Slovak Republic | 10.53% | -13.2% |
| 158th | Czechia | 10.66% | -29.4% |
| 159th | Kyrgyz Republic | 10.75% | -22.7% |
| 160th | Chad | 10.84% | 85.8% |
| 161st | Zambia | 10.88% | -1.0% |
| 162nd | Vanuatu | 11.18% | 67.4% |
| 163rd | Poland | 11.53% | -18.9% |
| 164th | Colombia | 11.74% | 15.2% |
| 165th | Serbia | 12.37% | 3.3% |
| 166th | Palau | 12.82% | -2.8% |
| 167th | Ukraine | 12.85% | -36.3% |
| 168th | Moldova | 13.42% | -53.3% |
| 169th | Angola | 13.64% | -36.1% |
| 170th | Kazakhstan | 14.72% | -1.7% |
| 171st | Sri Lanka | 16.54% | -63.4% |
| 172nd | Gambia, The | 16.97% | 47.4% |
| 173rd | Hungary | 17.12% | 17.1% |
| 174th | Rwanda | 19.79% | 42.6% |
| 175th | Congo, Democratic Republic of | 19.89% | 114.7% |
| 176th | São Tomé and Principe | 21.26% | 18.1% |
| 177th | Nigeria | 24.66% | 30.8% |
| 178th | Myanmar | 25.49% | -9.0% |
| 179th | Burundi | 26.94% | 42.9% |
| 180th | Malawi | 28.79% | 38.2% |
| 181st | Pakistan | 30.77% | 153.2% |
| 182nd | Lao PDR | 31.23% | 36.0% |
| 183rd | Egypt, Arab Republic of | 33.88% | 298.6% |
| 184th | Haiti | 36.81% | 33.5% |
| 185th | Ghana | 38.11% | 19.4% |
| 186th | Iran, Islamic Republic of | 44.58% | -2.6% |
| 187th | Sierra Leone | 47.64% | 75.1% |
| 188th | Suriname | 51.59% | -1.6% |
| 189th | Türkiye | 53.86% | -25.5% |
| 190th | Sudan | 77.25% | -44.3% |
| 191st | Argentina | 133.49% | 84.3% |
| 192nd | Lebanon | 221.34% | 29.3% |
| 193rd | Zimbabwe | 667.36% | 245.1% |
FAQ
What was Somalia, Fed. Rep.'s inflation rate in 2023?▾
Somalia, Fed. Rep.'s inflation rate in 2023 was 6.17%. This ranked 108th globally.
How did Somalia, Fed. Rep.'s inflation rate change in 2023?▾
Somalia, Fed. Rep.'s inflation rate decreased by 8.9% in 2023 compared to 2022.
Which country had the highest inflation rate in 2023?▾
Zimbabwe had the highest inflation rate in 2023 at 667.36%.
What is the inflation rate of Somalia, Fed. Rep. in 2023?▾
The inflation rate of Somalia, Fed. Rep. in 2023 was 6.17%. This ranked 108th globally.
How does 2023 compare to 2022 for Somalia, Fed. Rep.'s inflation rate?▾
Somalia, Fed. Rep.'s inflation rate went from 6.78% in 2022 to 6.17% in 2023, a 8.9% decrease.
Related
2022
2024
All years
Full ranking 2023
Consumer Price Index
PPP Conversion Factor
Peak: 2022
Lowest: 2016
Inflation Rate 1990s
Inflation Rate 2000s
Inflation Rate 2010s
Inflation Rate 2020s
Highest ever
Lowest ever
Average
vs Congo, Democratic Republic of
vs Niger
vs Sudan
vs Mozambique
Organisation of Islamic Cooperation Inflation Rate
African Union Inflation Rate
Global Ranking