Total debt service in Somalia
Somalia: Total debt service was 0.1% in 2024. ◆ Volatile
Total debt service in Somalia, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
In 2024, total debt service in Somalia stood at 0.1%.
That represents a change of down 43.9% on the previous year and up 21,659.9% over ten years.
Over the whole period, total debt service in Somalia peaked at 9.6% in 2020 and was at its lowest, 0.0%, in 2017.
Somalia ranks 120th 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.
Total debt service in Somalia, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 0.9% | — |
| 1971 | 0.4% | -57.6% |
| 1972 | 0.5% | +30.5% |
| 1973 | 0.5% | +10.1% |
| 1974 | 0.7% | +27.1% |
| 1975 | 0.6% | -4.9% |
| 1976 | 0.3% | -51.4% |
| 1977 | 0.8% | +154.8% |
| 1978 | 0.7% | -5.8% |
| 1979 | 0.7% | -7.6% |
| 1980 | 2.1% | +213.0% |
| 1981 | 6.7% | +213.3% |
| 1982 | 2.6% | -61.1% |
| 1983 | 3.3% | +26.8% |
| 1984 | 2.7% | -16.6% |
| 1985 | 2.3% | -15.0% |
| 1986 | 7.0% | +202.1% |
| 1987 | 3.8% | -46.6% |
| 1988 | 0.5% | -86.4% |
| 1989 | 2.8% | +454.5% |
| 1990 | 1.1% | -61.2% |
| 1991 | 0.0% | -99.5% |
| 1992 | 0.0% | +503.4% |
| 1993 | 0.0% | -23.4% |
| 1994 | 0.0% | -89.4% |
| 1995 | 0.0% | +1586.4% |
| 1996 | 0.2% | +293.7% |
| 1997 | 0.0% | -99.0% |
| 1998 | 0.0% | +224.6% |
| 1999 | 0.1% | +784.2% |
| 2000 | 0.0% | -57.7% |
| 2001 | 0.0% | +2.9% |
| 2002 | 0.0% | -2.3% |
| 2003 | 0.0% | -55.7% |
| 2004 | 0.0% | +10.0% |
| 2005 | 0.0% | +31.8% |
| 2006 | 0.0% | +10.6% |
| 2007 | 0.0% | -20.2% |
| 2008 | 0.0% | +126.7% |
| 2009 | 0.0% | -81.7% |
| 2010 | 0.0% | +49.7% |
| 2011 | 0.0% | -68.4% |
| 2012 | 0.0% | +85.8% |
| 2013 | 0.0% | +130.5% |
| 2014 | 0.0% | -94.7% |
| 2015 | 0.0% | -14.3% |
| 2016 | 0.0% | +56.7% |
| 2017 | 0.0% | -44.5% |
| 2018 | 0.0% | +74.0% |
| 2019 | 0.0% | +831.8% |
| 2020 | 9.6% | +128920.3% |
| 2021 | 0.2% | -98.1% |
| 2022 | 0.2% | +6.6% |
| 2023 | 0.2% | +21.3% |
| 2024 | 0.1% | -43.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.6% | 0.3% | 0.9% | 10 |
| 1980s | 3.4% | 0.5% | 7.0% | 10 |
| 1990s | 0.1% | 0.0% | 1.1% | 10 |
| 2000s | 0.0% | 0.0% | 0.0% | 10 |
| 2010s | 0.0% | 0.0% | 0.0% | 10 |
| 2020s | 2.1% | 0.1% | 9.6% | 5 |
Countries ranked near Somalia
- 117 Sudan 0.4% compare
- 118 Afghanistan 0.4% compare
- 119 Algeria 0.2% compare
- 121 Iran, Islamic Republic of 0.1% compare
- 122 Syrian Arab Republic 0.0% 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 4.1 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.7514 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 496.82 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -11.25 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -19.11 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 220.94 % change on previous year (1990)
- Agriculture, forestry, and fishing, value added (current LCU), per 1,058 current LCU per US$ of GDP (1990)
- Agriculture, forestry, and fishing, value added (current LCU), per 154,034 current LCU per person (1990)
Frequently asked questions
- What is total debt service in Somalia?
- Total debt service in Somalia was 0.1% 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 9.6% 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 120th out of 122 countries with data for 2024.
- Is total debt service rising or falling in Somalia?
- Over the last ten years it is up 21,659.9%. 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 GNI). Statizoid updates them automatically from the source API.
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About this data
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.