Deposit interest rate in Somalia
Somalia: Deposit interest rate was 25.0% in 1989. ◆ Volatile
Deposit interest rate in Somalia, 1969–1989
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for deposit interest rate in Somalia is 25.0%, measured in 1989. That is the highest value across all 21 years on record.
That represents a change of up 21.2% on the previous year and up 518.6% over ten years.
Over the whole period, deposit interest rate in Somalia peaked at 25.0% in 1989 and was at its lowest, 2.0%, in 1969.
Somalia ranks 3rd of 153 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Deposit interest rate in Somalia, year by year
| Year | % | Change |
|---|---|---|
| 1969 | 2.0% | — |
| 1970 | 2.0% | +0.0% |
| 1971 | 2.0% | +0.0% |
| 1972 | 2.0% | +0.0% |
| 1973 | 2.5% | +22.9% |
| 1974 | 2.5% | +1.7% |
| 1975 | 4.0% | +60.0% |
| 1976 | 4.0% | +0.0% |
| 1977 | 4.0% | +0.0% |
| 1978 | 4.0% | +0.0% |
| 1979 | 4.0% | +1.0% |
| 1980 | 4.5% | +11.3% |
| 1981 | 5.5% | +22.2% |
| 1982 | 7.5% | +36.4% |
| 1983 | 8.5% | +13.3% |
| 1984 | 8.5% | +0.0% |
| 1985 | 14.0% | +64.7% |
| 1986 | 15.3% | +9.4% |
| 1987 | 16.2% | +6.1% |
| 1988 | 20.6% | +26.9% |
| 1989 | 25.0% | +21.2% |
Somalia compared with similar countries
- Somalia's 25.0% is above the median for low income countries, which is 6.7%, 3.7× the median. (18 countries reporting)
- Somalia's 25.0% is above the median for Sub-Saharan Africa, which is 5.7%, 4.4× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.0% | 2.0% | 2.0% | 1 |
| 1970s | 3.1% | 2.0% | 4.0% | 10 |
| 1980s | 12.6% | 4.5% | 25.0% | 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 deposit interest rate in Somalia?
- Deposit interest rate in Somalia was 25.0% in 1989, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Somalia?
- The highest recorded value was 25.0% in 1989.
- What is the lowest deposit interest rate recorded in Somalia?
- The lowest recorded value was 2.0% in 1969.
- How does Somalia rank for deposit interest rate?
- Somalia ranks 3rd out of 153 countries with data for 1989.
- Is deposit interest rate rising or falling in Somalia?
- Over the last ten years it is up 518.6%. 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 Deposit interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.