Broad money growth (annual %) in Somalia
Somalia: Broad money growth (annual %) was 162.8% in 1989. ◆ Volatile
Broad money growth in Somalia, 1961–1989
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
The most recent figure for broad money growth in Somalia is 162.8%, measured in 1989. That is the highest value across all 29 years on record.
That represents a change of up 184.5% on the previous year and up 335.0% over ten years.
Over the whole period, broad money growth in Somalia peaked at 162.8% in 1989 and was at its lowest, -16.0%, in 1971.
Somalia ranks 3rd of 167 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money growth (annual %) in Somalia, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 57.5% | — |
| 1962 | 11.0% | -80.9% |
| 1963 | 18.8% | +71.4% |
| 1964 | 0.9% | -95.5% |
| 1965 | -2.1% | -340.1% |
| 1966 | 5.8% | -384.1% |
| 1967 | 15.3% | +162.6% |
| 1968 | 12.7% | -17.2% |
| 1969 | 8.4% | -33.4% |
| 1970 | 42.2% | +400.1% |
| 1971 | -16.0% | -137.8% |
| 1972 | 32.4% | -302.7% |
| 1973 | 17.5% | -46.0% |
| 1974 | 28.7% | +64.5% |
| 1975 | 28.4% | -1.2% |
| 1976 | 19.4% | -31.7% |
| 1977 | 28.7% | +48.2% |
| 1978 | 32.5% | +13.2% |
| 1979 | 37.4% | +15.1% |
| 1980 | 20.2% | -46.0% |
| 1981 | 30.8% | +52.3% |
| 1982 | 15.7% | -48.9% |
| 1983 | 7.5% | -52.1% |
| 1984 | 26.0% | +246.2% |
| 1985 | 81.1% | +211.4% |
| 1986 | 34.0% | -58.0% |
| 1987 | 127.1% | +273.3% |
| 1988 | 57.2% | -55.0% |
| 1989 | 162.8% | +184.5% |
Somalia compared with similar countries
- Somalia's 162.8% is above the median for low income countries, which is 13.7%, 11.9× the median. (24 countries reporting)
- Somalia's 162.8% is above the median for Sub-Saharan Africa, which is 12.5%, 13.1× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 14.3% | -2.1% | 57.5% | 9 |
| 1970s | 25.1% | -16.0% | 42.2% | 10 |
| 1980s | 56.3% | 7.5% | 162.8% | 10 |
Countries ranked near Somalia
More financial sector data for Somalia
- Reserve position in the IMF, US dollar, annual growth rate -100 % change on previous year (1977)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate -100 % change on previous year (1977)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate -100 % change on previous year (1977)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0 units per person (2025)
- Reserve tranche position, SDR, annual growth rate -100 % change on previous year (1977)
Frequently asked questions
- What is broad money growth in Somalia?
- Broad money growth in Somalia was 162.8% in 1989, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money growth recorded in Somalia?
- The highest recorded value was 162.8% in 1989.
- What is the lowest broad money growth recorded in Somalia?
- The lowest recorded value was -16.0% in 1971.
- How does Somalia rank for broad money growth?
- Somalia ranks 3rd out of 167 countries with data for 1989.
- Is broad money growth rising or falling in Somalia?
- Over the last ten years it is up 335.0%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.