Foreign Assets, Net Foreign Assets in Somalia
Somalia: Foreign Assets, Net Foreign Assets was -231.05 billion in 1989. ◆ Volatile
Foreign Assets, Net Foreign Assets in Somalia, 1960–1989
Source: International Monetary Fund.
Analysis
The most recent figure for foreign assets, net foreign assets in Somalia is -231.05 billion, measured in 1989. That is the lowest value across all 30 years on record.
That represents a change of down 278.6% on the previous year and down 94,848.8% over ten years.
Over the whole period, foreign assets, net foreign assets in Somalia peaked at 884.57 million in 1978 and was at its lowest, -231.05 billion, in 1989.
Somalia ranks 172nd of 178 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Foreign Assets, Net Foreign Assets in Somalia, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 66.44 million | — |
| 1961 | 113.77 million | +71.2% |
| 1962 | 106.33 million | -6.5% |
| 1963 | 94.70 million | -10.9% |
| 1964 | 29.93 million | -68.4% |
| 1965 | 5.80 million | -80.6% |
| 1966 | 16.70 million | +187.9% |
| 1967 | 7.73 million | -53.7% |
| 1968 | 35.30 million | +356.7% |
| 1969 | 51.51 million | +45.9% |
| 1970 | 98.36 million | +91.0% |
| 1971 | 134.14 million | +36.4% |
| 1972 | 251.05 million | +87.2% |
| 1973 | 198.94 million | -20.8% |
| 1974 | 133.66 million | -32.8% |
| 1975 | 452.05 million | +238.2% |
| 1976 | 467.24 million | +3.4% |
| 1977 | 753.71 million | +61.3% |
| 1978 | 884.57 million | +17.4% |
| 1979 | 243.85 million | -72.4% |
| 1980 | 53.67 million | -78.0% |
| 1981 | -37.23 million | -169.4% |
| 1982 | -749.05 million | +1911.8% |
| 1983 | -2.48 billion | +230.9% |
| 1984 | -4.74 billion | +91.2% |
| 1985 | -6.12 billion | +29.1% |
| 1986 | -19.16 billion | +213.1% |
| 1987 | -22.15 billion | +15.6% |
| 1988 | -61.03 billion | +175.5% |
| 1989 | -231.05 billion | +278.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 52.82 million | 5.80 million | 113.77 million | 10 |
| 1970s | 361.76 million | 98.36 million | 884.57 million | 10 |
| 1980s | -34.74 billion | -231.05 billion | 53.67 million | 10 |
Countries ranked near Somalia
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 foreign assets, net foreign assets in Somalia?
- Foreign assets, net foreign assets in Somalia was -231.05 billion in 1989, according to International Monetary Fund.
- What is the highest foreign assets, net foreign assets recorded in Somalia?
- The highest recorded value was 884.57 million in 1978.
- What is the lowest foreign assets, net foreign assets recorded in Somalia?
- The lowest recorded value was -231.05 billion in 1989.
- How does Somalia rank for foreign assets, net foreign assets?
- Somalia ranks 172nd out of 178 countries with data for 1989.
- Is foreign assets, net foreign assets rising or falling in Somalia?
- Over the last ten years it is down 94,848.8%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from International Monetary Fund, published as part of Foreign Assets, Net Foreign Assets (Depository Corporations Survey, Domestic currency). Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Non-standard dataset provides discontinued, vintage country-reported financial data that are not harmonized and use country-specific terms.