Net foreign assets (current LCU), annual growth rate in Somalia
Somalia: Net foreign assets (current LCU), annual growth rate was 25.57 % change on previous year in 2024. ◆ Volatile
Net foreign assets (current LCU), annual growth rate in Somalia, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for net foreign assets (current lcu), annual growth rate in Somalia is 25.57 % change on previous year, measured in 2024.
Compared with earlier readings it is up 39.5% on the previous year and down 6.7% over ten years.
Over the whole period, net foreign assets (current lcu), annual growth rate in Somalia peaked at 356.66 % change on previous year in 1968 and was at its lowest, -278.6 % change on previous year, in 1989.
That places Somalia 57th out of 186 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net foreign assets (current LCU), annual growth rate in Somalia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 71.24 % change on previous year | — |
| 1962 | -6.54 % change on previous year | -109.2% |
| 1963 | -10.94 % change on previous year | +67.3% |
| 1964 | -68.39 % change on previous year | +525.3% |
| 1965 | -80.62 % change on previous year | +17.9% |
| 1966 | 187.93 % change on previous year | -333.1% |
| 1967 | -53.71 % change on previous year | -128.6% |
| 1968 | 356.66 % change on previous year | -764.0% |
| 1969 | 45.91 % change on previous year | -87.1% |
| 1970 | 90.97 % change on previous year | +98.2% |
| 1971 | 36.38 % change on previous year | -60.0% |
| 1972 | 87.15 % change on previous year | +139.6% |
| 1973 | -20.76 % change on previous year | -123.8% |
| 1974 | -32.81 % change on previous year | +58.1% |
| 1975 | 238.21 % change on previous year | -825.9% |
| 1976 | 3.36 % change on previous year | -98.6% |
| 1977 | 61.31 % change on previous year | +1725.2% |
| 1978 | 17.36 % change on previous year | -71.7% |
| 1979 | -72.43 % change on previous year | -517.2% |
| 1980 | -77.99 % change on previous year | +7.7% |
| 1981 | -169.37 % change on previous year | +117.2% |
| 1983 | -230.87 % change on previous year | +36.3% |
| 1984 | -91.23 % change on previous year | -60.5% |
| 1985 | -29.09 % change on previous year | -68.1% |
| 1986 | -213.08 % change on previous year | +632.4% |
| 1987 | -15.65 % change on previous year | -92.7% |
| 1988 | -175.48 % change on previous year | +1021.4% |
| 1989 | -278.6 % change on previous year | +58.8% |
| 2019 | 27.4 % change on previous year | -109.8% |
| 2020 | 84.56 % change on previous year | +208.6% |
| 2021 | 44.61 % change on previous year | -47.2% |
| 2022 | 22.74 % change on previous year | -49.0% |
| 2023 | 18.34 % change on previous year | -19.4% |
| 2024 | 25.57 % change on previous year | +39.5% |
Somalia compared with similar countries
- Somalia's 25.57 % change on previous year is above the median for low income countries, which is 5.41 % change on previous year, 4.7× the median. (24 countries reporting)
- Somalia's 25.57 % change on previous year is above the median for Sub-Saharan Africa, which is 12.73 % change on previous year, 2.0× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Net foreign assets (current LCU), annual growth rate 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 |
|---|---|---|---|
| 1977 | +1725.2% | 3.36 % change on previous year | 61.31 % change on previous year |
| 1988 | -1021.4% | -15.65 % change on previous year | -175.48 % change on previous year |
| 1975 | +825.9% | -32.81 % change on previous year | 238.21 % change on previous year |
| 1968 | +764.0% | -53.71 % change on previous year | 356.66 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 49.06 % change on previous year | -80.62 % change on previous year | 356.66 % change on previous year | 9 |
| 1970s | 40.87 % change on previous year | -72.43 % change on previous year | 238.21 % change on previous year | 10 |
| 1980s | -142.37 % change on previous year | -278.6 % change on previous year | -15.65 % change on previous year | 9 |
| 2010s | 27.4 % change on previous year | 27.4 % change on previous year | 27.4 % change on previous year | 1 |
| 2020s | 39.16 % change on previous year | 18.34 % change on previous year | 84.56 % change on previous year | 5 |
Countries ranked near Somalia
- 54 Eritrea 27.15 % change on previous year compare
- 55 Ukraine 26.64 % change on previous year compare
- 56 Haiti 26.1 % change on previous year compare
- 58 Jamaica 24.58 % change on previous year compare
- 59 United Arab Emirates 24.25 % change on previous year compare
- 60 Madagascar 23.08 % change on previous year 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 foreign assets (current lcu), annual growth rate in Somalia?
- Net foreign assets (current lcu), annual growth rate in Somalia was 25.57 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest net foreign assets (current lcu), annual growth rate recorded in Somalia?
- The highest recorded value was 356.66 % change on previous year in 1968.
- What is the lowest net foreign assets (current lcu), annual growth rate recorded in Somalia?
- The lowest recorded value was -278.6 % change on previous year in 1989.
- How does Somalia rank for net foreign assets (current lcu), annual growth rate?
- Somalia ranks 57th out of 186 countries with data for 2024.
- Is net foreign assets (current lcu), annual growth rate rising or falling in Somalia?
- Over the last ten years it is down 6.7%. 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 foreign assets (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 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 foreign assets (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Net foreign assets 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 foreign assets (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.