Total debt service in Somalia
Somalia: Total debt service was 0.7% in 2024. ◆ Volatile
Total debt service in Somalia, 1977–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
Somalia recorded 0.7% for total debt service in 2024.
Compared with earlier readings it is down 46.6% on the previous year and up 15,970.7% over ten years.
Over the whole period, total debt service in Somalia peaked at 66.9% in 2020 and was at its lowest, 0.0%, in 2017.
Somalia ranks 119th of 120 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Total debt service in Somalia, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1977 | 3.7% | — |
| 1978 | 2.7% | -26.9% |
| 1979 | 2.6% | -4.1% |
| 1980 | 6.3% | +139.3% |
| 1981 | 18.2% | +190.9% |
| 1982 | 7.8% | -57.2% |
| 1983 | 13.6% | +74.5% |
| 1984 | 20.0% | +46.4% |
| 1985 | 15.6% | -21.6% |
| 1986 | 65.7% | +319.7% |
| 1987 | 39.5% | -39.9% |
| 1988 | 9.2% | -76.7% |
| 1989 | 47.6% | +417.0% |
| 2013 | 0.1% | -99.8% |
| 2014 | 0.0% | -94.3% |
| 2015 | 0.0% | -12.2% |
| 2016 | 0.0% | +15.4% |
| 2017 | 0.0% | -15.6% |
| 2018 | 0.0% | +53.3% |
| 2019 | 0.1% | +912.3% |
| 2020 | 66.9% | +123260.7% |
| 2021 | 1.1% | -98.4% |
| 2022 | 1.1% | -2.2% |
| 2023 | 1.2% | +14.6% |
| 2024 | 0.7% | -46.6% |
Somalia compared with similar countries
- Somalia's 0.7% is below the median for low income countries, which is 9.3%, 7% of the median. (22 countries reporting)
- Somalia's 0.7% is below the median for Sub-Saharan Africa, which is 11.8%, 6% of the median. (44 countries reporting)
Biggest year-on-year movements
Years where Total debt service in Somalia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +123260.7% | 0.1% | 66.9% |
| 2019 | +912.3% | 0.0% | 0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.0% | 2.6% | 3.7% | 3 |
| 1980s | 24.3% | 6.3% | 65.7% | 10 |
| 2010s | 0.0% | 0.0% | 0.1% | 7 |
| 2020s | 14.2% | 0.7% | 66.9% | 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)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 765.00 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 13.08 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0639 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 40.24 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -0.3355 % change on previous year (1989)
- Total reserves (includes gold, current US$), per unit of GDP 0.0196 includes gold, current US$ per US$ of GDP (1989)
- Total reserves (includes gold, current US$), per capita 3.25 includes gold, current US$ per person (1989)
- Total reserves minus gold (current US$), annual growth rate 0.6536 % change on previous year (1989)
Frequently asked questions
- What is total debt service in Somalia?
- Total debt service in Somalia was 0.7% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Somalia?
- The highest recorded value was 66.9% in 2020.
- What is the lowest total debt service recorded in Somalia?
- The lowest recorded value was 0.0% in 2017.
- How does Somalia rank for total debt service?
- Somalia ranks 119th out of 120 countries with data for 2024.
- Is total debt service rising or falling in Somalia?
- Over the last ten years it is up 15,970.7%. 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 Total debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.