Debt service as a proportion of exports of goods, services and in Somalia
Somalia: Debt service as a proportion of exports of goods, services and was 16.9% in 2023. ◆ Volatile
Latest (2023)
16.9%
Change on year
up 1,470.2%
World rank
16th
of 125 countries
All-time high
66.9%
in 2020
All-time low
0.0%
in 2017
Years of data
11
2013–2023
Debt service as a proportion of exports of goods, services and in Somalia, 2013–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2023, debt service as a proportion of exports of goods, services and in Somalia stood at 16.9%.
That represents a change of up 1,470.2% on the previous year and up 23,338.3% over ten years.
Over the whole period, debt service as a proportion of exports of goods, services and in Somalia peaked at 66.9% in 2020 and was at its lowest, 0.0%, in 2017.
Somalia ranks 16th of 125 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service as a proportion of exports of goods, services and in Somalia, year by year
| Year | Value | Change |
|---|---|---|
| 2013 | 0.1% | — |
| 2014 | 0.0% | -94.3% |
| 2015 | 0.0% | -12.2% |
| 2016 | 0.0% | +15.4% |
| 2017 | 0.0% | -15.6% |
| 2018 | 0.0% | +53.3% |
| 2019 | 0.1% | +912.3% |
| 2020 | 66.9% | +123260.7% |
| 2021 | 1.1% | -98.4% |
| 2022 | 1.1% | -2.2% |
| 2023 | 16.9% | +1470.2% |
Somalia compared with similar countries
- Somalia's 16.9% is above the median for low income countries, which is 9.7%, 1.7× the median. (20 countries reporting)
- Somalia's 16.9% is above the median for Sub-Saharan Africa, which is 9.0%, 1.9× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.0% | 0.0% | 0.1% | 7 |
| 2020s | 21.5% | 1.1% | 66.9% | 4 |
Countries ranked near Somalia
More economy & growth data for Somalia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.52 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 765.00 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 13.08 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0639 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 40.24 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -0.3355 % change on previous year (1989)
- Total reserves (includes gold, current US$), per unit of GDP 0.0196 includes gold, current US$ per US$ of GDP (1989)
- Total reserves (includes gold, current US$), per capita 3.25 includes gold, current US$ per person (1989)
- Total reserves minus gold (current US$), annual growth rate 0.6536 % change on previous year (1989)
Frequently asked questions
- What is debt service as a proportion of exports of goods, services and in Somalia?
- Debt service as a proportion of exports of goods, services and in Somalia was 16.9% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest debt service as a proportion of exports of goods, services and recorded in Somalia?
- The highest recorded value was 66.9% in 2020.
- What is the lowest debt service as a proportion of exports of goods, services and recorded in Somalia?
- The lowest recorded value was 0.0% in 2017.
- How does Somalia rank for debt service as a proportion of exports of goods, services and?
- Somalia ranks 16th out of 125 countries with data for 2023.
- Is debt service as a proportion of exports of goods, services and rising or falling in Somalia?
- Over the last ten years it is up 23,338.3%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Debt service as a proportion of exports of goods, services and primary income (%). Statizoid updates them automatically from the source API.
Download this data
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