External balance on goods and services in Somalia
Somalia: External balance on goods and services was -9.04 billion current US$ in 2025. β Volatile
External balance on goods and services in Somalia, 1960β2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2025, external balance on goods and services in Somalia stood at -9.04 billion current US$. That is the lowest value across all 45 years on record.
That represents a change of down 11.3% on the previous year and down 243.8% over ten years.
Over the whole period, external balance on goods and services in Somalia peaked at -7.99 million current US$ in 1960 and was at its lowest, -9.04 billion current US$, in 2025.
Somalia ranks 168th of 192 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -20.05 million current US$ | -33.18 million current US$ | -7.99 million current US$ | 10 |
| 1970s | -111.16 million current US$ | -302.43 million current US$ | -16.86 million current US$ | 10 |
| 1980s | -284.76 million current US$ | -406.52 million current US$ | -113.73 million current US$ | 10 |
| 1990s | -256.36 million current US$ | -256.36 million current US$ | -256.36 million current US$ | 1 |
| 2010s | -2.88 billion current US$ | -3.82 billion current US$ | -2.16 billion current US$ | 8 |
| 2020s | -6.32 billion current US$ | -9.04 billion current US$ | -4.17 billion current US$ | 6 |
Countries ranked near Somalia
- 165 Ethiopia -8.71 billion current US$ compare
- 166 Kyrgyzstan -8.77 billion current US$ compare
- 167 El Salvador -8.83 billion current US$ compare
- 169 Lebanon -9.25 billion current US$ compare
- 170 Afghanistan -9.31 billion current US$ compare
- 171 Nepal -11.33 billion current US$ compare
More economy & growth data for Somalia
- Industry (including construction), value added 9.7% (1986)
- Trade 128.1% (2025)
- Agriculture, forestry, and fishing, value added 1.09 trillion current LCU (1990)
- Manufacturing, value added 40.60 million current US$ (1990)
- Manufacturing, value added 76.99 billion current LCU (1990)
- Manufacturing, value added 3.9% (1990)
- Industry (including construction), value added 88.51 million current US$ (1986)
- Industry (including construction), value added 11.47 billion current LCU (1986)
- DEC alternative conversion factor 30,104 LCU per US$ (2025)
- Gdp per capita in international and market dollars 465.44 (2025)
Frequently asked questions
- What is external balance on goods and services in Somalia?
- External balance on goods and services in Somalia was -9.04 billion current US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Somalia?
- The highest recorded value was -7.99 million current US$ in 1960.
- What is the lowest external balance on goods and services recorded in Somalia?
- The lowest recorded value was -9.04 billion current US$ in 2025.
- How does Somalia rank for external balance on goods and services?
- Somalia ranks 168th out of 192 countries with data for 2025.
- Is external balance on goods and services rising or falling in Somalia?
- Over the last ten years it is down 243.8%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.