Net domestic credit (current LCU) in Somalia
Somalia: Net domestic credit (current LCU) was 16.43 trillion current LCU in 2024. ◆ Volatile
Net domestic credit in Somalia, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Somalia recorded 16.43 trillion current LCU for net domestic credit in 2024.
The figure is up 27.0% on the previous year and up 416.5% over ten years.
Over the whole period, net domestic credit in Somalia peaked at 18.53 trillion current LCU in 2022 and was at its lowest, 34.80 million current LCU, in 1960.
Somalia ranks 39th of 187 countries on this measure, 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) in Somalia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 34.80 million current LCU | — |
| 1961 | 40.40 million current LCU | +16.1% |
| 1962 | 81.50 million current LCU | +101.7% |
| 1963 | 125.11 million current LCU | +53.5% |
| 1964 | 204.62 million current LCU | +63.6% |
| 1965 | 214.69 million current LCU | +4.9% |
| 1966 | 228.51 million current LCU | +6.4% |
| 1967 | 272.14 million current LCU | +19.1% |
| 1968 | 274.59 million current LCU | +0.9% |
| 1969 | 295.65 million current LCU | +7.7% |
| 1970 | 397.69 million current LCU | +34.5% |
| 1971 | 325.46 million current LCU | -18.2% |
| 1972 | 328.52 million current LCU | +0.9% |
| 1973 | 627.52 million current LCU | +91.0% |
| 1974 | 918.08 million current LCU | +46.3% |
| 1975 | 803.55 million current LCU | -12.5% |
| 1976 | 1.11 billion current LCU | +38.2% |
| 1977 | 1.18 billion current LCU | +6.5% |
| 1978 | 1.72 billion current LCU | +45.0% |
| 1979 | 2.96 billion current LCU | +72.4% |
| 1980 | 3.88 billion current LCU | +31.2% |
| 1981 | 4.55 billion current LCU | +17.2% |
| 1982 | 5.02 billion current LCU | +10.5% |
| 1983 | 5.26 billion current LCU | +4.7% |
| 1984 | 9.62 billion current LCU | +82.8% |
| 1985 | 11.52 billion current LCU | +19.8% |
| 1986 | 13.90 billion current LCU | +20.7% |
| 1987 | 34.49 billion current LCU | +148.1% |
| 1988 | 51.07 billion current LCU | +48.1% |
| 1989 | 98.93 billion current LCU | +93.7% |
| 2018 | 3.18 trillion current LCU | +3114.2% |
| 2019 | 3.28 trillion current LCU | +3.2% |
| 2020 | 13.60 trillion current LCU | +314.4% |
| 2021 | 16.65 trillion current LCU | +22.4% |
| 2022 | 18.53 trillion current LCU | +11.3% |
| 2023 | 12.93 trillion current LCU | -30.2% |
| 2024 | 16.43 trillion current LCU | +27.0% |
Somalia compared with similar countries
- Somalia's 16.43 trillion current LCU is above the median for low income countries, which is 2.33 trillion current LCU, 7.1× the median. (24 countries reporting)
- Somalia's 16.43 trillion current LCU is above the median for Sub-Saharan Africa, which is 1.92 trillion current LCU, 8.5× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Net domestic credit (current LCU) 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 | +3114.2% | 98.93 billion current LCU | 3.18 trillion current LCU |
| 2020 | +314.4% | 3.28 trillion current LCU | 13.60 trillion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 177.20 million current LCU | 34.80 million current LCU | 295.65 million current LCU | 10 |
| 1970s | 1.04 billion current LCU | 325.46 million current LCU | 2.96 billion current LCU | 10 |
| 1980s | 23.82 billion current LCU | 3.88 billion current LCU | 98.93 billion current LCU | 10 |
| 2010s | 3.23 trillion current LCU | 3.18 trillion current LCU | 3.28 trillion current LCU | 2 |
| 2020s | 15.63 trillion current LCU | 12.93 trillion current LCU | 18.53 trillion current LCU | 5 |
Countries ranked near Somalia
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 in Somalia?
- Net domestic credit in Somalia was 16.43 trillion current LCU in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest net domestic credit recorded in Somalia?
- The highest recorded value was 18.53 trillion current LCU in 2022.
- What is the lowest net domestic credit recorded in Somalia?
- The lowest recorded value was 34.80 million current LCU in 1960.
- How does Somalia rank for net domestic credit?
- Somalia ranks 39th out of 187 countries with data for 2024.
- Is net domestic credit rising or falling in Somalia?
- Over the last ten years it is up 416.5%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Net domestic credit (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.