External debt as a share of gni in Somalia
Somalia: External debt as a share of gni was 27.68 in 2023. ▼ Falling
External debt as a share of gni in Somalia, 2000–2023
Source: Our World in Data.
Analysis
The most recent figure for external debt as a share of gni in Somalia is 27.68, measured in 2023. That is the lowest value across all 24 years on record.
Compared with earlier readings it is down 31.2% on the previous year and down 52.6% over ten years.
Over the whole period, external debt as a share of gni in Somalia peaked at 121.4 in 2002 and was at its lowest, 27.68, in 2023.
That places Somalia 96th out of 118 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 24 years of available data.
External debt as a share of gni in Somalia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 74.33 | — |
| 2001 | 112.33 | +51.1% |
| 2002 | 121.4 | +8.1% |
| 2003 | 99.29 | -18.2% |
| 2004 | 73.23 | -26.2% |
| 2005 | 58.01 | -20.8% |
| 2006 | 55.79 | -3.8% |
| 2007 | 53.56 | -4.0% |
| 2008 | 49.07 | -8.4% |
| 2009 | 100.95 | +105.7% |
| 2010 | 110.24 | +9.2% |
| 2011 | 102.03 | -7.4% |
| 2012 | 67.37 | -34.0% |
| 2013 | 58.42 | -13.3% |
| 2014 | 49.79 | -14.8% |
| 2015 | 45.25 | -9.1% |
| 2016 | 41.69 | -7.9% |
| 2017 | 37.41 | -10.3% |
| 2018 | 67.78 | +81.2% |
| 2019 | 62.35 | -8.0% |
| 2020 | 53.45 | -14.3% |
| 2021 | 43.87 | -17.9% |
| 2022 | 40.26 | -8.2% |
| 2023 | 27.68 | -31.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 79.8 | 49.07 | 121.4 | 10 |
| 2010s | 64.23 | 37.41 | 110.24 | 10 |
| 2020s | 41.31 | 27.68 | 53.45 | 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)
- GDP (constant 2015 US$), annual growth rate 2.99 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.704 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 465.44 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 2.99 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 23,532 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 15.56 million constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate -9.38 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP -0.4145 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is external debt as a share of gni in Somalia?
- External debt as a share of gni in Somalia was 27.68 in 2023, according to Our World in Data.
- What is the highest external debt as a share of gni recorded in Somalia?
- The highest recorded value was 121.4 in 2002.
- What is the lowest external debt as a share of gni recorded in Somalia?
- The lowest recorded value was 27.68 in 2023.
- How does Somalia rank for external debt as a share of gni?
- Somalia ranks 96th out of 118 countries with data for 2023.
- Is external debt as a share of gni rising or falling in Somalia?
- Over the last ten years it is down 52.6%. The long-run trend across the full record is falling.
- Where does this Somalia data come from?
- The figures come from Our World in Data, published as part of External debt as a share of gni. Statizoid updates them automatically from the source API.
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