Current account balance (credit less debit), Percent of GDP (Balance) in Somalia
Somalia: Current account balance (credit less debit), Percent of GDP (Balance) was -10.1 in 2030. ▼ Falling
Current account balance (credit less debit), Percent of GDP (Balance) in Somalia, 2013–2030
Source: International Monetary Fund.
Analysis
Somalia recorded -10.1 for current account balance (credit less debit), percent of gdp (balance) in 2030.
That represents a change of up 3.7% on the previous year and down 115.9% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in Somalia peaked at -2.15 in 2015 and was at its lowest, -10.49, in 2029.
Somalia ranks 28th of 32 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 18 years of available data.
Current account balance (credit less debit), Percent of GDP (Balance) in Somalia, year by year
| Year | Value | Change |
|---|---|---|
| 2013 | -6.34 | — |
| 2014 | -2.3 | -63.8% |
| 2015 | -2.15 | -6.6% |
| 2016 | -5.52 | +157.3% |
| 2017 | -3.56 | -35.5% |
| 2018 | -3.18 | -10.7% |
| 2019 | -9.67 | +204.2% |
| 2020 | -4.68 | -51.6% |
| 2021 | -7.06 | +50.8% |
| 2022 | -8.59 | +21.8% |
| 2023 | -8.91 | +3.7% |
| 2024 | -9.19 | +3.1% |
| 2025 | -9.5 | +3.4% |
| 2026 | -8.84 | -6.9% |
| 2027 | -8.59 | -2.8% |
| 2028 | -9.71 | +13.0% |
| 2029 | -10.49 | +8.0% |
| 2030 | -10.1 | -3.7% |
Somalia compared with similar countries
- Somalia's -10.1 is above the median for low income countries, which is -10.1, 1.0× the median. (5 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Percent of GDP (Balance) in Somalia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2019 | -204.2% | -3.18 | -9.67 |
| 2016 | -157.3% | -2.15 | -5.52 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -4.67 | -9.67 | -2.15 | 7 |
| 2020s | -8.56 | -10.49 | -4.68 | 10 |
| 2030s | -10.1 | -10.1 | -10.1 | 1 |
Countries ranked near Somalia
- 25 Georgia -4.93 compare
- 26 Kyrgyzstan -6.16 compare
- 27 Mauritania -7.44 compare
- 29 Sudan -10.73 compare
- 30 Lebanon -19.68 compare
- 31 Afghanistan -20.31 compare
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 current account balance (credit less debit), percent of gdp (balance) in Somalia?
- Current account balance (credit less debit), percent of gdp (balance) in Somalia was -10.1 in 2030, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in Somalia?
- The highest recorded value was -2.15 in 2015.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in Somalia?
- The lowest recorded value was -10.49 in 2029.
- How does Somalia rank for current account balance (credit less debit), percent of gdp (balance)?
- Somalia ranks 28th out of 32 countries with data for 2030.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in Somalia?
- Over the last ten years it is down 115.9%. The long-run trend across the full record is falling.
- Where does this Somalia data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The Middle East and Central Asia Department Regional Economic Outlook (MCDREO) provides information on recent economic developments and prospects for 32 countries and territories: Afghanistan, Algeria, Armenia, Azerbaijan, Bahrain, Djibouti, Egypt, Georgia, Islamic Republic of Iran, Iraq, Jordan, Kazakhstan, Kuwait, Kyrgyz Republic, Lebanon, Libya, Mauritania, Morocco, Oman, Pakistan, Qatar, Saudi Arabia, Somalia, Sudan, Syrian Arab Republic, Tajikistan, Tunisia, Turkmenistan, United Arab Emirates, Uzbekistan, West Bank and Gaza, and Yemen. These countries and territories are divided into two main nonoverlapping groups, based on export earnings, namely (1) oil exporters; and (2) oil importers. The oil importers group comprises (1) emerging market and middle-income countries (EM&MI) and (2) low-income countries (LICs) based on the income level. Additional analytical and regional groups might be used to provide a more granular breakdown for analysis and continuity.