Net domestic credit (current LCU), per unit of GDP in Somalia
Somalia: Net domestic credit (current LCU), per unit of GDP was 1,373 current LCU per US$ of GDP in 2024. ◆ Volatile
Net domestic credit (current LCU), per unit of GDP in Somalia, 1960–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
In 2024, net domestic credit (current lcu), per unit of gdp in Somalia stood at 1,373 current LCU per US$ of GDP.
Compared with earlier readings it is up 16.3% on the previous year and up 239.8% over ten years.
Over the whole period, net domestic credit (current lcu), per unit of gdp in Somalia peaked at 1,816 current LCU per US$ of GDP in 2022 and was at its lowest, 0.1928 current LCU per US$ of GDP, in 1960.
That places Somalia 13th out of 186 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net domestic credit (current LCU), per unit of GDP in Somalia, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1960 | 0.1928 current LCU per US$ of GDP | — |
| 1961 | 0.2108 current LCU per US$ of GDP | +9.3% |
| 1962 | 0.4004 current LCU per US$ of GDP | +90.0% |
| 1963 | 0.5788 current LCU per US$ of GDP | +44.6% |
| 1964 | 0.8915 current LCU per US$ of GDP | +54.0% |
| 1965 | 0.8809 current LCU per US$ of GDP | -1.2% |
| 1966 | 0.8878 current LCU per US$ of GDP | +0.8% |
| 1967 | 1 current LCU per US$ of GDP | +12.8% |
| 1968 | 0.9577 current LCU per US$ of GDP | -4.4% |
| 1969 | 0.9651 current LCU per US$ of GDP | +0.8% |
| 1970 | 1.14 current LCU per US$ of GDP | +18.4% |
| 1971 | 0.9378 current LCU per US$ of GDP | -17.9% |
| 1972 | 0.7335 current LCU per US$ of GDP | -21.8% |
| 1973 | 1.3 current LCU per US$ of GDP | +76.9% |
| 1974 | 1.6 current LCU per US$ of GDP | +23.6% |
| 1975 | 1.06 current LCU per US$ of GDP | -33.8% |
| 1976 | 1.27 current LCU per US$ of GDP | +20.1% |
| 1977 | 2.37 current LCU per US$ of GDP | +86.1% |
| 1978 | 3.04 current LCU per US$ of GDP | +28.1% |
| 1979 | 5.02 current LCU per US$ of GDP | +65.0% |
| 1980 | 6.44 current LCU per US$ of GDP | +28.4% |
| 1981 | 6.5 current LCU per US$ of GDP | +1.0% |
| 1982 | 6.49 current LCU per US$ of GDP | -0.2% |
| 1983 | 7.15 current LCU per US$ of GDP | +10.3% |
| 1984 | 12.21 current LCU per US$ of GDP | +70.7% |
| 1985 | 13.15 current LCU per US$ of GDP | +7.7% |
| 1986 | 15.17 current LCU per US$ of GDP | +15.3% |
| 1987 | 33.85 current LCU per US$ of GDP | +123.2% |
| 1988 | 48.56 current LCU per US$ of GDP | +43.5% |
| 1989 | 83.74 current LCU per US$ of GDP | +72.4% |
| 2018 | 403.89 current LCU per US$ of GDP | +382.3% |
| 2019 | 379.14 current LCU per US$ of GDP | -6.1% |
| 2020 | 1,576 current LCU per US$ of GDP | +315.8% |
| 2021 | 1,755 current LCU per US$ of GDP | +11.4% |
| 2022 | 1,816 current LCU per US$ of GDP | +3.4% |
| 2023 | 1,180 current LCU per US$ of GDP | -35.0% |
| 2024 | 1,373 current LCU per US$ of GDP | +16.3% |
Somalia compared with similar countries
- Somalia's 1,373 current LCU per US$ of GDP is above the median for low income countries, which is 104.17 current LCU per US$ of GDP, 13.2× the median. (24 countries reporting)
- Somalia's 1,373 current LCU per US$ of GDP is above the median for Sub-Saharan Africa, which is 99.93 current LCU per US$ of GDP, 13.7× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Net domestic credit (current LCU), per unit of GDP in Somalia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2018 | +382.3% | 83.74 current LCU per US$ of GDP | 403.89 current LCU per US$ of GDP |
| 2020 | +315.8% | 379.14 current LCU per US$ of GDP | 1,576 current LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.6967 current LCU per US$ of GDP | 0.1928 current LCU per US$ of GDP | 1 current LCU per US$ of GDP | 10 |
| 1970s | 1.85 current LCU per US$ of GDP | 0.7335 current LCU per US$ of GDP | 5.02 current LCU per US$ of GDP | 10 |
| 1980s | 23.33 current LCU per US$ of GDP | 6.44 current LCU per US$ of GDP | 83.74 current LCU per US$ of GDP | 10 |
| 2010s | 391.51 current LCU per US$ of GDP | 379.14 current LCU per US$ of GDP | 403.89 current LCU per US$ of GDP | 2 |
| 2020s | 1,540 current LCU per US$ of GDP | 1,180 current LCU per US$ of GDP | 1,816 current LCU per US$ of GDP | 5 |
Countries ranked near Somalia
- 10 Laos 2,203 current LCU per US$ of GDP compare
- 11 Colombia 2,123 current LCU per US$ of GDP compare
- 12 Mongolia 1,523 current LCU per US$ of GDP compare
- 14 Madagascar 1,010 current LCU per US$ of GDP compare
- 15 Burundi 977.51 current LCU per US$ of GDP compare
- 16 Uganda 810.27 current LCU per US$ of GDP compare
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 net domestic credit (current lcu), per unit of gdp in Somalia?
- Net domestic credit (current lcu), per unit of gdp in Somalia was 1,373 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest net domestic credit (current lcu), per unit of gdp recorded in Somalia?
- The highest recorded value was 1,816 current LCU per US$ of GDP in 2022.
- What is the lowest net domestic credit (current lcu), per unit of gdp recorded in Somalia?
- The lowest recorded value was 0.1928 current LCU per US$ of GDP in 1960.
- How does Somalia rank for net domestic credit (current lcu), per unit of gdp?
- Somalia ranks 13th out of 186 countries with data for 2024.
- Is net domestic credit (current lcu), per unit of gdp rising or falling in Somalia?
- Over the last ten years it is up 239.8%. 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), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Net domestic credit (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Net domestic credit (current LCU) ÷ GDP (current US$)
Computed from
- Net domestic credit International Financial Statistics database, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Net domestic credit (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.