Debt service as a share of exports of good and services in Somalia
Somalia: Debt service as a share of exports of good and services was 16.9% in 2023. ◆ Volatile
Debt service as a share of exports of good and services in Somalia, 2013–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for debt service as a share of exports of good and services in Somalia is 16.9%, measured in 2023.
That represents a change of up 1,475.7% on the previous year and up 23,985.7% over ten years.
Over the whole period, debt service as a share of exports of good and services in Somalia peaked at 66.9% in 2020 and was at its lowest, 0.0%, in 2014.
That places Somalia 15th out of 116 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service as a share of exports of good and services in Somalia, year by year
| Year | % | Change |
|---|---|---|
| 2013 | 0.1% | — |
| 2014 | 0.0% | -100.0% |
| 2015 | 0.0% | — |
| 2016 | 0.0% | — |
| 2017 | 0.0% | — |
| 2018 | 0.0% | — |
| 2019 | 0.1% | +400.0% |
| 2020 | 66.9% | +133700.0% |
| 2021 | 1.1% | -98.4% |
| 2022 | 1.1% | -2.7% |
| 2023 | 16.9% | +1475.7% |
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 share of exports of good and services in Somalia?
- Debt service as a share of exports of good and services in Somalia was 16.9% in 2023, according to World Bank – processed by Our World in Data.
- What is the highest debt service as a share of exports of good and services recorded in Somalia?
- The highest recorded value was 66.9% in 2020.
- What is the lowest debt service as a share of exports of good and services recorded in Somalia?
- The lowest recorded value was 0.0% in 2014.
- How does Somalia rank for debt service as a share of exports of good and services?
- Somalia ranks 15th out of 116 countries with data for 2023.
- Is debt service as a share of exports of good and services rising or falling in Somalia?
- Over the last ten years it is up 23,985.7%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Debt service as a share of exports of good and services. Statizoid updates them automatically from the source API.
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About this data
Debt service as a proportion of exports of goods, services and primary income (%).