Money in Somalia
Somalia: Money was 139.83 billion in 1989. ◆ Volatile
Money in Somalia, 1960–1989
Source: International Monetary Fund.
Analysis
The most recent figure for money in Somalia is 139.83 billion, measured in 1989. That is the highest value across all 30 years on record.
That represents a change of up 207.7% on the previous year and up 5,887.8% over ten years.
Over the whole period, money in Somalia peaked at 139.83 billion in 1989 and was at its lowest, 94.60 million, in 1960.
That places Somalia 87th out of 162 countries with data for 1989, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Money in Somalia, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 94.60 million | — |
| 1961 | 150.70 million | +59.3% |
| 1962 | 166.20 million | +10.3% |
| 1963 | 197.90 million | +19.1% |
| 1964 | 196.40 million | -0.8% |
| 1965 | 191.50 million | -2.5% |
| 1966 | 202.00 million | +5.5% |
| 1967 | 230.63 million | +14.2% |
| 1968 | 256.64 million | +11.3% |
| 1969 | 279.64 million | +9.0% |
| 1970 | 376.11 million | +34.5% |
| 1971 | 329.37 million | -12.4% |
| 1972 | 440.54 million | +33.8% |
| 1973 | 507.04 million | +15.1% |
| 1974 | 628.56 million | +24.0% |
| 1975 | 825.82 million | +31.4% |
| 1976 | 994.91 million | +20.5% |
| 1977 | 1.33 billion | +33.2% |
| 1978 | 1.73 billion | +30.4% |
| 1979 | 2.34 billion | +35.1% |
| 1980 | 2.78 billion | +19.2% |
| 1981 | 3.67 billion | +32.0% |
| 1982 | 4.03 billion | +9.8% |
| 1983 | 4.31 billion | +6.9% |
| 1984 | 5.33 billion | +23.8% |
| 1985 | 9.77 billion | +83.2% |
| 1986 | 12.14 billion | +24.3% |
| 1987 | 30.05 billion | +147.4% |
| 1988 | 45.44 billion | +51.2% |
| 1989 | 139.83 billion | +207.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 196.62 million | 94.60 million | 279.64 million | 10 |
| 1970s | 949.06 million | 329.37 million | 2.34 billion | 10 |
| 1980s | 25.74 billion | 2.78 billion | 139.83 billion | 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 money in Somalia?
- Money in Somalia was 139.83 billion in 1989, according to International Monetary Fund.
- What is the highest money recorded in Somalia?
- The highest recorded value was 139.83 billion in 1989.
- What is the lowest money recorded in Somalia?
- The lowest recorded value was 94.60 million in 1960.
- How does Somalia rank for money?
- Somalia ranks 87th out of 162 countries with data for 1989.
- Is money rising or falling in Somalia?
- Over the last ten years it is up 5,887.8%. 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 Money (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.