IMF-Adapted Readiness score in Somalia
Somalia: IMF-Adapted Readiness score was 0.114 in 2024. ▲ Rising
IMF-Adapted Readiness score in Somalia, 2015–2024
Source: International Monetary Fund.
Analysis
In 2024, imf-adapted readiness score in Somalia stood at 0.114.
Compared with earlier readings it is down 3.9% on the previous year and up 10.5% over ten years.
Over the whole period, imf-adapted readiness score in Somalia peaked at 0.1187 in 2023 and was at its lowest, 0.0999, in 2019.
That places Somalia 192nd out of 192 countries with data for 2024, putting it in the bottom quarter.
IMF-Adapted Readiness score in Somalia, year by year
| Year | Value | Change |
|---|---|---|
| 2015 | 0.1032 | — |
| 2016 | 0.1043 | +1.1% |
| 2017 | 0.1007 | -3.4% |
| 2018 | 0.1034 | +2.6% |
| 2019 | 0.0999 | -3.4% |
| 2020 | 0.1072 | +7.3% |
| 2021 | 0.1033 | -3.6% |
| 2022 | 0.1091 | +5.6% |
| 2023 | 0.1187 | +8.8% |
| 2024 | 0.114 | -3.9% |
Somalia compared with similar countries
- Somalia's 0.114 is below the median for low income countries, which is 0.2734, 42% of the median. (24 countries reporting)
- Somalia's 0.114 is below the median for Sub-Saharan Africa, which is 0.3229, 35% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.1023 | 0.0999 | 0.1043 | 5 |
| 2020s | 0.1105 | 0.1033 | 0.1187 | 5 |
Countries ranked near Somalia
More economy & growth data for Somalia
- Real gdp growth, annual growth rate -2.75 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 25.66 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0238 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 15.71 units per person (2025)
- SDRs holdings, SDR, annual growth rate 19.66 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0174 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 11.47 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is imf-adapted readiness score in Somalia?
- Imf-adapted readiness score in Somalia was 0.114 in 2024, according to International Monetary Fund.
- What is the highest imf-adapted readiness score recorded in Somalia?
- The highest recorded value was 0.1187 in 2023.
- What is the lowest imf-adapted readiness score recorded in Somalia?
- The lowest recorded value was 0.0999 in 2019.
- How does Somalia rank for imf-adapted readiness score?
- Somalia ranks 192nd out of 192 countries with data for 2024.
- Is imf-adapted readiness score rising or falling in Somalia?
- Over the last ten years it is up 10.5%. The long-run trend across the full record is rising.
- Where does this Somalia data come from?
- The figures come from International Monetary Fund, published as part of IMF-Adapted Readiness score. Statizoid updates them automatically from the source API.
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About this data
The ND-GAIN index is a global free open-source index, that measures a country’s current vulnerability to climate disruptions and assesses a country’s readiness to leverage private and public sector investment for adaptive actions. The IMF-adapted ND-GAIN index is an adaptation of the original index, adjusted by IMF staff to replace the Doing Business (DB) Index, used as source data in the original ND-GAIN, because the DB database has been discontinued by the World Bank in 2020 and it is no longer allowed in IMF work. The IMF-adapted ND-GAIN is an interim solution offered by IMF staff until the ND-GAIN compilers will review the methodology and replace the DB index.