Net foreign assets in Somalia
Somalia: Net foreign assets was 33.98 trillion current LCU in 2024. ◆ Volatile
Net foreign assets in Somalia, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for net foreign assets in Somalia is 33.98 trillion current LCU, measured in 2024. That is the highest value across all 37 years on record.
The figure is up 25.6% on the previous year and up 520.1% over ten years.
Over the whole period, net foreign assets in Somalia peaked at 33.98 trillion current LCU in 2024 and was at its lowest, -231.05 billion current LCU, in 1989.
That places Somalia 15th out of 187 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 in Somalia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 66.44 million current LCU | — |
| 1961 | 113.77 million current LCU | +71.2% |
| 1962 | 106.33 million current LCU | -6.5% |
| 1963 | 94.70 million current LCU | -10.9% |
| 1964 | 29.93 million current LCU | -68.4% |
| 1965 | 5.80 million current LCU | -80.6% |
| 1966 | 16.70 million current LCU | +187.9% |
| 1967 | 7.73 million current LCU | -53.7% |
| 1968 | 35.30 million current LCU | +356.7% |
| 1969 | 51.51 million current LCU | +45.9% |
| 1970 | 98.36 million current LCU | +91.0% |
| 1971 | 134.14 million current LCU | +36.4% |
| 1972 | 251.05 million current LCU | +87.2% |
| 1973 | 198.94 million current LCU | -20.8% |
| 1974 | 133.66 million current LCU | -32.8% |
| 1975 | 452.05 million current LCU | +238.2% |
| 1976 | 467.24 million current LCU | +3.4% |
| 1977 | 753.71 million current LCU | +61.3% |
| 1978 | 884.57 million current LCU | +17.4% |
| 1979 | 243.85 million current LCU | -72.4% |
| 1980 | 53.67 million current LCU | -78.0% |
| 1981 | -37.23 million current LCU | -169.4% |
| 1982 | -749.05 million current LCU | +1911.8% |
| 1983 | -2.48 billion current LCU | +230.9% |
| 1984 | -4.74 billion current LCU | +91.2% |
| 1985 | -6.12 billion current LCU | +29.1% |
| 1986 | -19.16 billion current LCU | +213.1% |
| 1987 | -22.15 billion current LCU | +15.6% |
| 1988 | -61.03 billion current LCU | +175.5% |
| 1989 | -231.05 billion current LCU | +278.6% |
| 2018 | 5.48 trillion current LCU | -2471.7% |
| 2019 | 6.98 trillion current LCU | +27.4% |
| 2020 | 12.88 trillion current LCU | +84.6% |
| 2021 | 18.63 trillion current LCU | +44.6% |
| 2022 | 22.87 trillion current LCU | +22.7% |
| 2023 | 27.06 trillion current LCU | +18.3% |
| 2024 | 33.98 trillion current LCU | +25.6% |
Somalia compared with similar countries
- Somalia's 33.98 trillion current LCU is above the median for low income countries, which is 280.01 billion current LCU, 121.4× the median. (24 countries reporting)
- Somalia's 33.98 trillion current LCU is above the median for Sub-Saharan Africa, which is 241.93 billion current LCU, 140.5× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Net foreign assets 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 | +2471.7% | -231.05 billion current LCU | 5.48 trillion current LCU |
| 1982 | -1911.8% | -37.23 million current LCU | -749.05 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 52.82 million current LCU | 5.80 million current LCU | 113.77 million current LCU | 10 |
| 1970s | 361.76 million current LCU | 98.36 million current LCU | 884.57 million current LCU | 10 |
| 1980s | -34.74 billion current LCU | -231.05 billion current LCU | 53.67 million current LCU | 10 |
| 2010s | 6.23 trillion current LCU | 5.48 trillion current LCU | 6.98 trillion current LCU | 2 |
| 2020s | 23.08 trillion current LCU | 12.88 trillion current LCU | 33.98 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 foreign assets in Somalia?
- Net foreign assets in Somalia was 33.98 trillion current LCU in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest net foreign assets recorded in Somalia?
- The highest recorded value was 33.98 trillion current LCU in 2024.
- What is the lowest net foreign assets recorded in Somalia?
- The lowest recorded value was -231.05 billion current LCU in 1989.
- How does Somalia rank for net foreign assets?
- Somalia ranks 15th out of 187 countries with data for 2024.
- Is net foreign assets rising or falling in Somalia?
- Over the last ten years it is up 520.1%. 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 foreign assets (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 37 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net foreign assets are the sum of foreign assets held by monetary authorities and deposit money banks, less their foreign liabilities. 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.