Financial and insurance activities (banking), value added in Somalia
Somalia: Financial and insurance activities (banking), value added was 3.82 million current US$ in 1990. ◆ Volatile
Financial and insurance activities (banking), value added in Somalia, 1965–1990
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in current US$.
Analysis
The most recent figure for financial and insurance activities (banking), value added in Somalia is 3.82 million current US$, measured in 1990.
That represents a change of down 40.1% on the previous year and down 57.8% over ten years.
Over the whole period, financial and insurance activities (banking), value added in Somalia peaked at 42.57 million current US$ in 1976 and was at its lowest, 3.76 million current US$, in 1986.
Somalia ranks 32nd of 37 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Financial and insurance activities (banking), value added in Somalia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1965 | 10.28 million current US$ | — |
| 1966 | 10.93 million current US$ | +6.4% |
| 1967 | 11.80 million current US$ | +7.9% |
| 1968 | 12.17 million current US$ | +3.1% |
| 1969 | 12.17 million current US$ | +0.0% |
| 1970 | 12.67 million current US$ | +4.1% |
| 1971 | 13.33 million current US$ | +5.2% |
| 1972 | 14.66 million current US$ | +10.0% |
| 1973 | 20.00 million current US$ | +36.4% |
| 1974 | 25.46 million current US$ | +27.4% |
| 1975 | 36.25 million current US$ | +42.4% |
| 1976 | 42.57 million current US$ | +17.4% |
| 1977 | 22.83 million current US$ | -46.4% |
| 1978 | 25.90 million current US$ | +13.5% |
| 1979 | 29.59 million current US$ | +14.3% |
| 1980 | 9.07 million current US$ | -69.4% |
| 1981 | 7.45 million current US$ | -17.8% |
| 1982 | 8.22 million current US$ | +10.3% |
| 1983 | 10.13 million current US$ | +23.2% |
| 1984 | 4.74 million current US$ | -53.2% |
| 1985 | 4.83 million current US$ | +1.7% |
| 1986 | 3.76 million current US$ | -22.1% |
| 1987 | 6.01 million current US$ | +59.9% |
| 1988 | 6.32 million current US$ | +5.1% |
| 1989 | 6.38 million current US$ | +1.1% |
| 1990 | 3.82 million current US$ | -40.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 11.47 million current US$ | 10.28 million current US$ | 12.17 million current US$ | 5 |
| 1970s | 24.33 million current US$ | 12.67 million current US$ | 42.57 million current US$ | 10 |
| 1980s | 6.69 million current US$ | 3.76 million current US$ | 10.13 million current US$ | 10 |
| 1990s | 3.82 million current US$ | 3.82 million current US$ | 3.82 million current US$ | 1 |
Countries ranked near Somalia
- 29 Gabon 40.93 million current US$
- 30 Cape Verde 27.40 million current US$ compare
- 31 Comoros 7.51 million current US$
- 33 Sao Tome and Principe 2.48 million current US$
- 34 Chad 0 current US$
- 34 Guinea 0 current US$
- 34 Mauritania 0 current US$
- 34 Uganda 0 current US$ compare
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 financial and insurance activities (banking), value added in Somalia?
- Financial and insurance activities (banking), value added in Somalia was 3.82 million current US$ in 1990, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest financial and insurance activities (banking), value added recorded in Somalia?
- The highest recorded value was 42.57 million current US$ in 1976.
- What is the lowest financial and insurance activities (banking), value added recorded in Somalia?
- The lowest recorded value was 3.76 million current US$ in 1986.
- How does Somalia rank for financial and insurance activities (banking), value added?
- Somalia ranks 32nd out of 37 countries with data for 1990.
- Is financial and insurance activities (banking), value added rising or falling in Somalia?
- Over the last ten years it is down 57.8%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Financial and insurance activities (banking), value added (current US$). Statizoid updates them automatically from the source API.
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About this data
Value added in banking is defined as the value of output of the banking industry less the value of intermediate consumption (intermediate inputs). Banking is a subset of services, comprising financial intermediation (ISIC 65-67). Data are in current U.S. dollars.