Domestic credit to private sector in Somalia
Somalia: Domestic credit to private sector was 16.0% in 1989. ◆ Volatile
Domestic credit to private sector in Somalia, 1960–1989
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector in Somalia is 16.0%, measured in 1989.
Compared with earlier readings it is up 53.7% on the previous year and up 221.1% over ten years.
Over the whole period, domestic credit to private sector in Somalia peaked at 31.1% in 1974 and was at its lowest, 2.4%, in 1960.
That places Somalia 156th out of 187 countries with data for 1989, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector in Somalia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 2.4% | — |
| 1961 | 3.1% | +26.7% |
| 1962 | 4.9% | +60.3% |
| 1963 | 5.5% | +12.3% |
| 1964 | 8.8% | +58.4% |
| 1965 | 10.0% | +13.7% |
| 1966 | 9.6% | -3.8% |
| 1967 | 9.6% | -0.2% |
| 1968 | 10.4% | +8.4% |
| 1969 | 10.9% | +5.3% |
| 1970 | 13.2% | +20.7% |
| 1971 | 10.8% | -18.3% |
| 1972 | 10.8% | +0.8% |
| 1973 | 19.6% | +80.5% |
| 1974 | 31.1% | +59.1% |
| 1975 | 11.5% | -63.0% |
| 1976 | 6.8% | -40.9% |
| 1977 | 5.5% | -19.9% |
| 1978 | 4.9% | -9.9% |
| 1979 | 5.0% | +1.7% |
| 1980 | 2.5% | -50.9% |
| 1981 | 2.6% | +6.2% |
| 1982 | 5.6% | +114.1% |
| 1983 | 6.5% | +17.2% |
| 1984 | 6.0% | -8.6% |
| 1985 | 4.6% | -23.0% |
| 1986 | 3.4% | -26.3% |
| 1987 | 11.1% | +226.0% |
| 1988 | 10.4% | -5.7% |
| 1989 | 16.0% | +53.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.5% | 2.4% | 10.9% | 10 |
| 1970s | 11.9% | 4.9% | 31.1% | 10 |
| 1980s | 6.9% | 2.5% | 16.0% | 10 |
Countries ranked near Somalia
- 153 Libya 16.6%
- 154 Guinea-Bissau 16.2%
- 155 Madagascar 16.2% compare
- 157 Argentina 16.0% compare
- 158 Benin 15.5% compare
- 159 Timor-Leste 15.3%
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 domestic credit to private sector in Somalia?
- Domestic credit to private sector in Somalia was 16.0% in 1989, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Somalia?
- The highest recorded value was 31.1% in 1974.
- What is the lowest domestic credit to private sector recorded in Somalia?
- The lowest recorded value was 2.4% in 1960.
- How does Somalia rank for domestic credit to private sector?
- Somalia ranks 156th out of 187 countries with data for 1989.
- Is domestic credit to private sector rising or falling in Somalia?
- Over the last ten years it is up 221.1%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.