Net domestic credit (current LCU), annual growth rate in Somalia
Somalia: Net domestic credit (current LCU), annual growth rate was 27.01 % change on previous year in 2024. ◆ Volatile
Net domestic credit (current LCU), annual growth rate in Somalia, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Somalia recorded 27.01 % change on previous year for net domestic credit (current lcu), annual growth rate in 2024.
The figure is up 189.4% on the previous year and up 742.0% over ten years.
Over the whole period, net domestic credit (current lcu), annual growth rate in Somalia peaked at 314.42 % change on previous year in 2020 and was at its lowest, -30.2 % change on previous year, in 2023.
That places Somalia 30th out of 186 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net domestic credit (current LCU), annual growth rate in Somalia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 16.09 % change on previous year | — |
| 1962 | 101.73 % change on previous year | +532.2% |
| 1963 | 53.51 % change on previous year | -47.4% |
| 1964 | 63.55 % change on previous year | +18.8% |
| 1965 | 4.92 % change on previous year | -92.3% |
| 1966 | 6.44 % change on previous year | +30.8% |
| 1967 | 19.09 % change on previous year | +196.6% |
| 1968 | 0.9003 % change on previous year | -95.3% |
| 1969 | 7.67 % change on previous year | +751.9% |
| 1970 | 34.51 % change on previous year | +350.0% |
| 1971 | -18.16 % change on previous year | -152.6% |
| 1972 | 0.9402 % change on previous year | -105.2% |
| 1973 | 91.01 % change on previous year | +9580.2% |
| 1974 | 46.3 % change on previous year | -49.1% |
| 1975 | -12.47 % change on previous year | -126.9% |
| 1976 | 38.23 % change on previous year | -406.4% |
| 1977 | 6.49 % change on previous year | -83.0% |
| 1978 | 45.05 % change on previous year | +593.8% |
| 1979 | 72.36 % change on previous year | +60.6% |
| 1980 | 31.19 % change on previous year | -56.9% |
| 1981 | 17.17 % change on previous year | -44.9% |
| 1982 | 10.52 % change on previous year | -38.7% |
| 1983 | 4.72 % change on previous year | -55.1% |
| 1984 | 82.78 % change on previous year | +1653.4% |
| 1985 | 19.79 % change on previous year | -76.1% |
| 1986 | 20.69 % change on previous year | +4.5% |
| 1987 | 148.11 % change on previous year | +615.9% |
| 1988 | 48.05 % change on previous year | -67.6% |
| 1989 | 93.73 % change on previous year | +95.0% |
| 2019 | 3.21 % change on previous year | -96.6% |
| 2020 | 314.42 % change on previous year | +9701.0% |
| 2021 | 22.4 % change on previous year | -92.9% |
| 2022 | 11.29 % change on previous year | -49.6% |
| 2023 | -30.2 % change on previous year | -367.4% |
| 2024 | 27.01 % change on previous year | -189.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 30.43 % change on previous year | 0.9003 % change on previous year | 101.73 % change on previous year | 9 |
| 1970s | 30.43 % change on previous year | -18.16 % change on previous year | 91.01 % change on previous year | 10 |
| 1980s | 47.67 % change on previous year | 4.72 % change on previous year | 148.11 % change on previous year | 10 |
| 2010s | 3.21 % change on previous year | 3.21 % change on previous year | 3.21 % change on previous year | 1 |
| 2020s | 68.99 % change on previous year | -30.2 % change on previous year | 314.42 % change on previous year | 5 |
Countries ranked near Somalia
- 27 Guinea 28.06 % change on previous year compare
- 28 Ethiopia 27.19 % change on previous year compare
- 29 Yemen 27.13 % change on previous year compare
- 31 Guyana 26.05 % change on previous year compare
- 32 Republic of Moldova 24.94 % change on previous year compare
- 33 Syria 22.96 % change on previous year compare
More financial sector data for Somalia
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 3.07 % change on previous year (1989)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0099 SDR per US$ of GDP (1989)
- Reserves excluding gold, foreign exchange (SDR), per capita 1.65 SDR per person (1989)
- Reserves excluding gold (SDR), annual growth rate 3.07 % change on previous year (1989)
- Reserves excluding gold (SDR), per capita 1.65 SDR per person (1989)
- Total reserves (gold at market value) (SDR), annual growth rate 2.06 % change on previous year (1989)
- Total reserves (gold at market value) (SDR), per capita 2.47 SDR per person (1989)
- Total reserves (gold at national valuation) (SDR), annual growth rate 2.2 % change on previous year (1989)
- Total reserves (gold at national valuation) (SDR), per capita 2.39 SDR per person (1989)
- Total reserves (gold at national valuation) 16.97 million SDR (1989)
Frequently asked questions
- What is net domestic credit (current lcu), annual growth rate in Somalia?
- Net domestic credit (current lcu), annual growth rate in Somalia was 27.01 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest net domestic credit (current lcu), annual growth rate recorded in Somalia?
- The highest recorded value was 314.42 % change on previous year in 2020.
- What is the lowest net domestic credit (current lcu), annual growth rate recorded in Somalia?
- The lowest recorded value was -30.2 % change on previous year in 2023.
- How does Somalia rank for net domestic credit (current lcu), annual growth rate?
- Somalia ranks 30th out of 186 countries with data for 2024.
- Is net domestic credit (current lcu), annual growth rate rising or falling in Somalia?
- Over the last ten years it is up 742.0%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from Statizoid (derived), published as part of Net domestic credit (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Net domestic credit (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Net domestic credit International Financial Statistics database, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Net domestic credit (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.