External debt stocks in Somalia
Somalia: External debt stocks was 14.9% in 2024. ◆ Volatile
External debt stocks in Somalia, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
Somalia recorded 14.9% for external debt stocks in 2024. That is the lowest value across all 55 years on record.
That represents a change of down 47.3% on the previous year and down 70.0% over ten years.
Over the whole period, external debt stocks in Somalia peaked at 338.2% in 1992 and was at its lowest, 14.9%, in 2024.
Somalia ranks 115th of 122 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External debt stocks in Somalia, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 22.6% | — |
| 1971 | 24.1% | +6.3% |
| 1972 | 23.0% | -4.3% |
| 1973 | 23.3% | +1.3% |
| 1974 | 32.7% | +40.2% |
| 1975 | 26.0% | -20.4% |
| 1976 | 29.9% | +15.0% |
| 1977 | 64.0% | +113.8% |
| 1978 | 72.8% | +13.8% |
| 1979 | 78.1% | +7.2% |
| 1980 | 89.3% | +14.4% |
| 1981 | 135.1% | +51.3% |
| 1982 | 144.3% | +6.8% |
| 1983 | 177.4% | +22.9% |
| 1984 | 182.0% | +2.6% |
| 1985 | 181.2% | -0.5% |
| 1986 | 193.6% | +6.9% |
| 1987 | 190.5% | -1.6% |
| 1988 | 185.8% | -2.5% |
| 1989 | 179.3% | -3.5% |
| 1990 | 231.3% | +29.0% |
| 1991 | 334.2% | +44.5% |
| 1992 | 338.2% | +1.2% |
| 1993 | 194.6% | -42.5% |
| 1994 | 174.8% | -10.2% |
| 1995 | 172.1% | -1.5% |
| 1996 | 145.0% | -15.8% |
| 1997 | 114.8% | -20.8% |
| 1998 | 87.7% | -23.7% |
| 1999 | 85.1% | -2.9% |
| 2000 | 74.3% | -12.6% |
| 2001 | 112.3% | +51.1% |
| 2002 | 121.4% | +8.1% |
| 2003 | 99.3% | -18.2% |
| 2004 | 73.2% | -26.2% |
| 2005 | 58.0% | -20.8% |
| 2006 | 55.8% | -3.8% |
| 2007 | 53.6% | -4.0% |
| 2008 | 49.1% | -8.4% |
| 2009 | 100.9% | +105.7% |
| 2010 | 110.2% | +9.2% |
| 2011 | 102.0% | -7.4% |
| 2012 | 67.4% | -34.0% |
| 2013 | 58.4% | -13.3% |
| 2014 | 49.8% | -14.8% |
| 2015 | 45.2% | -9.1% |
| 2016 | 41.7% | -7.9% |
| 2017 | 37.4% | -10.3% |
| 2018 | 67.8% | +81.2% |
| 2019 | 62.4% | -8.0% |
| 2020 | 53.5% | -14.3% |
| 2021 | 43.9% | -17.9% |
| 2022 | 40.3% | -8.1% |
| 2023 | 28.3% | -29.8% |
| 2024 | 14.9% | -47.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 39.7% | 22.6% | 78.1% | 10 |
| 1980s | 165.8% | 89.3% | 193.6% | 10 |
| 1990s | 187.8% | 85.1% | 338.2% | 10 |
| 2000s | 79.8% | 49.1% | 121.4% | 10 |
| 2010s | 64.2% | 37.4% | 110.2% | 10 |
| 2020s | 36.2% | 14.9% | 53.5% | 5 |
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)
- Taxes less subsidies on products (current US$), per capita 5.36 current US$ per person (1990)
- GDP (current US$), per capita 661.17 current US$ per person (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0368 current US$ per US$ of GDP (1990)
- Taxes less subsidies on products (current US$), annual growth rate -22.18 % change on previous year (1990)
- Net primary income (Net income from abroad) (current LCU), annual -122.47 % change on previous year (2025)
- GDP (current LCU), per capita 19.90 million current LCU per person (2025)
- GDP (constant 2015 US$), per unit of GDP 0.704 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), annual growth rate 2.99 % change on previous year (2025)
Frequently asked questions
- What is external debt stocks in Somalia?
- External debt stocks in Somalia was 14.9% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks recorded in Somalia?
- The highest recorded value was 338.2% in 1992.
- What is the lowest external debt stocks recorded in Somalia?
- The lowest recorded value was 14.9% in 2024.
- How does Somalia rank for external debt stocks?
- Somalia ranks 115th out of 122 countries with data for 2024.
- Is external debt stocks rising or falling in Somalia?
- Over the last ten years it is down 70.0%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of External debt stocks (% of GNI). Statizoid updates them automatically from the source API.
Download this data
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About this data
Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.