Net foreign assets (current LCU), per unit of GDP in Somalia
Somalia: Net foreign assets (current LCU), per unit of GDP was 2,840 current LCU per US$ of GDP in 2024. ◆ Volatile
Net foreign assets (current LCU), per unit of GDP in Somalia, 1960–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Somalia recorded 2,840 current LCU per US$ of GDP for net foreign assets (current lcu), per unit of gdp in 2024. That is the highest value across all 37 years on record.
The figure is up 15.0% on the previous year and up 308.0% over ten years.
Over the whole period, net foreign assets (current lcu), per unit of gdp in Somalia peaked at 2,840 current LCU per US$ of GDP in 2024 and was at its lowest, -195.58 current LCU per US$ of GDP, in 1989.
That places Somalia 4th 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 foreign assets (current LCU), per unit of GDP in Somalia, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1960 | 0.3682 current LCU per US$ of GDP | — |
| 1961 | 0.5936 current LCU per US$ of GDP | +61.2% |
| 1962 | 0.5224 current LCU per US$ of GDP | -12.0% |
| 1963 | 0.4381 current LCU per US$ of GDP | -16.1% |
| 1964 | 0.1304 current LCU per US$ of GDP | -70.2% |
| 1965 | 0.0238 current LCU per US$ of GDP | -81.8% |
| 1966 | 0.0649 current LCU per US$ of GDP | +172.7% |
| 1967 | 0.0284 current LCU per US$ of GDP | -56.2% |
| 1968 | 0.1231 current LCU per US$ of GDP | +332.9% |
| 1969 | 0.1681 current LCU per US$ of GDP | +36.6% |
| 1970 | 0.2827 current LCU per US$ of GDP | +68.1% |
| 1971 | 0.3865 current LCU per US$ of GDP | +36.8% |
| 1972 | 0.5605 current LCU per US$ of GDP | +45.0% |
| 1973 | 0.4113 current LCU per US$ of GDP | -26.6% |
| 1974 | 0.2335 current LCU per US$ of GDP | -43.2% |
| 1975 | 0.5971 current LCU per US$ of GDP | +155.8% |
| 1976 | 0.5362 current LCU per US$ of GDP | -10.2% |
| 1977 | 1.51 current LCU per US$ of GDP | +181.9% |
| 1978 | 1.57 current LCU per US$ of GDP | +3.6% |
| 1979 | 0.4136 current LCU per US$ of GDP | -73.6% |
| 1980 | 0.0891 current LCU per US$ of GDP | -78.5% |
| 1981 | -0.0532 current LCU per US$ of GDP | -159.8% |
| 1982 | -0.967 current LCU per US$ of GDP | +1716.3% |
| 1983 | -3.37 current LCU per US$ of GDP | +248.5% |
| 1984 | -6.02 current LCU per US$ of GDP | +78.6% |
| 1985 | -6.99 current LCU per US$ of GDP | +16.1% |
| 1986 | -20.9 current LCU per US$ of GDP | +199.1% |
| 1987 | -21.74 current LCU per US$ of GDP | +4.0% |
| 1988 | -58.03 current LCU per US$ of GDP | +166.9% |
| 1989 | -195.58 current LCU per US$ of GDP | +237.0% |
| 2018 | 696.02 current LCU per US$ of GDP | -455.9% |
| 2019 | 806.5 current LCU per US$ of GDP | +15.9% |
| 2020 | 1,493 current LCU per US$ of GDP | +85.2% |
| 2021 | 1,965 current LCU per US$ of GDP | +31.6% |
| 2022 | 2,241 current LCU per US$ of GDP | +14.1% |
| 2023 | 2,470 current LCU per US$ of GDP | +10.2% |
| 2024 | 2,840 current LCU per US$ of GDP | +15.0% |
Somalia compared with similar countries
- Somalia's 2,840 current LCU per US$ of GDP is above the median for low income countries, which is 12.33 current LCU per US$ of GDP, 230.3× the median. (24 countries reporting)
- Somalia's 2,840 current LCU per US$ of GDP is above the median for Sub-Saharan Africa, which is 12.33 current LCU per US$ of GDP, 230.3× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Net foreign assets (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 |
|---|---|---|---|
| 1982 | -1716.3% | -0.0532 current LCU per US$ of GDP | -0.967 current LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.2461 current LCU per US$ of GDP | 0.0238 current LCU per US$ of GDP | 0.5936 current LCU per US$ of GDP | 10 |
| 1970s | 0.65 current LCU per US$ of GDP | 0.2335 current LCU per US$ of GDP | 1.57 current LCU per US$ of GDP | 10 |
| 1980s | -31.36 current LCU per US$ of GDP | -195.58 current LCU per US$ of GDP | 0.0891 current LCU per US$ of GDP | 10 |
| 2010s | 751.26 current LCU per US$ of GDP | 696.02 current LCU per US$ of GDP | 806.5 current LCU per US$ of GDP | 2 |
| 2020s | 2,202 current LCU per US$ of GDP | 1,493 current LCU per US$ of GDP | 2,840 current LCU per US$ of GDP | 5 |
Countries ranked near Somalia
- 1 Netherlands 290,021 current LCU per US$ of GDP compare
- 2 Iran 5,169 current LCU per US$ of GDP compare
- 3 Uzbekistan 4,191 current LCU per US$ of GDP compare
- 5 Cambodia 2,582 current LCU per US$ of GDP compare
- 6 Indonesia 1,493 current LCU per US$ of GDP compare
- 7 Guinea 1,224 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 foreign assets (current lcu), per unit of gdp in Somalia?
- Net foreign assets (current lcu), per unit of gdp in Somalia was 2,840 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest net foreign assets (current lcu), per unit of gdp recorded in Somalia?
- The highest recorded value was 2,840 current LCU per US$ of GDP in 2024.
- What is the lowest net foreign assets (current lcu), per unit of gdp recorded in Somalia?
- The lowest recorded value was -195.58 current LCU per US$ of GDP in 1989.
- How does Somalia rank for net foreign assets (current lcu), per unit of gdp?
- Somalia ranks 4th out of 186 countries with data for 2024.
- Is net foreign assets (current lcu), per unit of gdp rising or falling in Somalia?
- Over the last ten years it is up 308.0%. 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 foreign assets (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 foreign assets (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Net foreign assets (current LCU) ÷ GDP (current US$)
Computed from
- Net foreign assets 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 foreign assets (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.