Broad money to total reserves ratio in Somalia
Somalia: Broad money to total reserves ratio was 13.35 in 1989. β Volatile
Broad money to total reserves ratio in Somalia, 1960β1989
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
The most recent figure for broad money to total reserves ratio in Somalia is 13.35, measured in 1989.
That represents a change of up 40.8% on the previous year and up 271.6% over ten years.
Over the whole period, broad money to total reserves ratio in Somalia peaked at 14.34 in 1985 and was at its lowest, 0.9193, in 1977.
That places Somalia 11th out of 158 countries with data for 1989, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.88 | 1.43 | 6.26 | 10 |
| 1970s | 2.34 | 0.9193 | 3.59 | 10 |
| 1980s | 9.41 | 3.66 | 14.34 | 10 |
Countries ranked near Somalia
- 8 Eritrea 29.63
- 9 United States 22.15 compare
- 10 Burundi 17 compare
- 12 State of Palestine 13.31
- 13 Chad 12.75 compare
- 14 China 12.34 compare
More financial sector data for Somalia
- Net domestic credit (current LCU), per capita 864,055 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 1,373 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 27.01 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 672,915 SDR (1989)
- Gold reserves at market value 5.87 million SDR (1989)
- Reserves excluding gold, foreign exchange 11.72 million SDR (1989)
- Reserves excluding gold 11.72 million SDR (1989)
- Total reserves (gold at market value) 17.59 million SDR (1989)
- Total reserves (gold at national valuation) 16.97 million SDR (1989)
- Total reserves (gold at national valuation) (SDR), per capita 2.39 SDR per person (1989)
Frequently asked questions
- What is broad money to total reserves ratio in Somalia?
- Broad money to total reserves ratio in Somalia was 13.35 in 1989, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money to total reserves ratio recorded in Somalia?
- The highest recorded value was 14.34 in 1985.
- What is the lowest broad money to total reserves ratio recorded in Somalia?
- The lowest recorded value was 0.9193 in 1977.
- How does Somalia rank for broad money to total reserves ratio?
- Somalia ranks 11th out of 158 countries with data for 1989.
- Is broad money to total reserves ratio rising or falling in Somalia?
- Over the last ten years it is up 271.6%. 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 to total reserves ratio. 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. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a ratio (aΓ·b).