Broad money in Somalia
Somalia: Broad money was 26.1% in 1989. ▲ Rising
Broad money in Somalia, 1960–1989
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for broad money in Somalia is 26.1%, measured in 1989.
That represents a change of up 24.9% on the previous year and down 16.6% over ten years.
Over the whole period, broad money in Somalia peaked at 31.3% in 1979 and was at its lowest, 8.3%, in 1960.
That places Somalia 149th out of 166 countries with data for 1989, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Broad money in Somalia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 8.3% | — |
| 1961 | 12.3% | +48.3% |
| 1962 | 12.9% | +4.5% |
| 1963 | 14.4% | +11.9% |
| 1964 | 13.7% | -5.0% |
| 1965 | 12.6% | -7.8% |
| 1966 | 12.6% | +0.2% |
| 1967 | 13.8% | +9.2% |
| 1968 | 14.7% | +6.8% |
| 1969 | 15.3% | +3.6% |
| 1970 | 19.1% | +25.2% |
| 1971 | 15.8% | -17.3% |
| 1972 | 16.6% | +4.7% |
| 1973 | 20.0% | +20.9% |
| 1974 | 21.7% | +8.5% |
| 1975 | 21.1% | -2.9% |
| 1976 | 21.9% | +3.7% |
| 1977 | 22.5% | +2.6% |
| 1978 | 25.0% | +11.5% |
| 1979 | 31.3% | +25.0% |
| 1980 | 19.5% | -37.7% |
| 1981 | 20.0% | +2.8% |
| 1982 | 17.6% | -12.3% |
| 1983 | 15.7% | -10.9% |
| 1984 | 11.1% | -28.9% |
| 1985 | 14.4% | +29.2% |
| 1986 | 14.2% | -1.5% |
| 1987 | 22.5% | +59.1% |
| 1988 | 20.9% | -7.3% |
| 1989 | 26.1% | +24.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 13.1% | 8.3% | 15.3% | 10 |
| 1970s | 21.5% | 15.8% | 31.3% | 10 |
| 1980s | 18.2% | 11.1% | 26.1% | 10 |
Countries ranked near Somalia
More financial sector data for Somalia
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 3.07 % change on previous year (1989)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0099 SDR per US$ of GDP (1989)
- Reserves excluding gold, foreign exchange (SDR), per capita 1.65 SDR per person (1989)
- Reserves excluding gold (SDR), annual growth rate 3.07 % change on previous year (1989)
- Reserves excluding gold (SDR), per capita 1.65 SDR per person (1989)
- Total reserves (gold at market value) (SDR), annual growth rate 2.06 % change on previous year (1989)
- Total reserves (gold at market value) (SDR), per capita 2.47 SDR per person (1989)
- Total reserves (gold at national valuation) (SDR), annual growth rate 2.2 % change on previous year (1989)
- Total reserves (gold at national valuation) (SDR), per capita 2.39 SDR per person (1989)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 3.07 % change on previous year (1989)
Frequently asked questions
- What is broad money in Somalia?
- Broad money in Somalia was 26.1% in 1989, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money recorded in Somalia?
- The highest recorded value was 31.3% in 1979.
- What is the lowest broad money recorded in Somalia?
- The lowest recorded value was 8.3% in 1960.
- How does Somalia rank for broad money?
- Somalia ranks 149th out of 166 countries with data for 1989.
- Is broad money rising or falling in Somalia?
- Over the last ten years it is down 16.6%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.