Claims on central government, etc. in Somalia
Somalia: Claims on central government, etc. was -0.9% in 2024. ◆ Volatile
Claims on central government, etc. in Somalia, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
In 2024, claims on central government, etc. in Somalia stood at -0.9%.
The figure is down 11.4% on the previous year and down 26.9% over ten years.
Over the whole period, claims on central government, etc. in Somalia peaked at 13.7% in 1979 and was at its lowest, -5.0%, in 1975.
Somalia ranks 153rd of 186 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Claims on central government, etc. in Somalia, year by year
| Year | % GDP | Change |
|---|---|---|
| 1960 | 0.2% | — |
| 1961 | -0.2% | -186.3% |
| 1962 | 0.3% | -314.0% |
| 1963 | 2.2% | +546.2% |
| 1964 | 2.6% | +17.5% |
| 1965 | 2.1% | -18.9% |
| 1966 | 2.6% | +22.2% |
| 1967 | 4.2% | +61.8% |
| 1968 | 3.0% | -29.2% |
| 1969 | 2.7% | -7.9% |
| 1970 | 2.4% | -13.0% |
| 1971 | 1.1% | -52.7% |
| 1972 | -0.8% | -170.5% |
| 1973 | -1.5% | +89.4% |
| 1974 | -1.3% | -10.5% |
| 1975 | -5.0% | +271.2% |
| 1976 | 2.3% | -145.4% |
| 1977 | -1.4% | -162.7% |
| 1978 | 3.8% | -367.6% |
| 1979 | 13.7% | +260.2% |
| 1980 | 11.0% | -20.0% |
| 1981 | 10.2% | -7.0% |
| 1982 | 7.2% | -29.3% |
| 1983 | 5.1% | -28.8% |
| 1984 | 7.0% | +36.9% |
| 1985 | 6.2% | -11.7% |
| 1986 | 5.1% | -17.6% |
| 1987 | 8.4% | +64.3% |
| 1988 | 7.0% | -16.8% |
| 1989 | 2.3% | -66.8% |
| 2018 | -0.7% | -128.9% |
| 2019 | -0.9% | +34.5% |
| 2020 | 3.5% | -487.5% |
| 2021 | 3.3% | -4.8% |
| 2022 | 2.8% | -14.6% |
| 2023 | -0.8% | -126.9% |
| 2024 | -0.9% | +11.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.0% | -0.2% | 4.2% | 10 |
| 1970s | 1.3% | -5.0% | 13.7% | 10 |
| 1980s | 7.0% | 2.3% | 11.0% | 10 |
| 2010s | -0.8% | -0.9% | -0.7% | 2 |
| 2020s | 1.6% | -0.9% | 3.5% | 5 |
Countries ranked near Somalia
- 150 Montenegro 0.6% compare
- 151 Libya -0.4% compare
- 152 Peru -0.6% compare
- 154 Lao People's Democratic Republic -0.9% compare
- 155 Kyrgyzstan -2.0% compare
- 156 Luxembourg -2.4% compare
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)
- Total reserves (gold at national valuation) 16.97 million SDR (1989)
Frequently asked questions
- What is claims on central government, etc. in Somalia?
- Claims on central government, etc. in Somalia was -0.9% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest claims on central government, etc. recorded in Somalia?
- The highest recorded value was 13.7% in 1979.
- What is the lowest claims on central government, etc. recorded in Somalia?
- The lowest recorded value was -5.0% in 1975.
- How does Somalia rank for claims on central government, etc.?
- Somalia ranks 153rd out of 186 countries with data for 2024.
- Is claims on central government, etc. rising or falling in Somalia?
- Over the last ten years it is down 26.9%. 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 Claims on central government, etc. (% GDP). Statizoid updates them automatically from the source API.
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About this data
Claims on central government include loans to central government institutions net of deposits. 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.