Total reserves in Somalia
Somalia: Total reserves was 23.11 million includes gold, current US$ in 1989. ◆ Volatile
Total reserves in Somalia, 1960–1989
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in includes gold, current US$.
Analysis
The most recent figure for total reserves in Somalia is 23.11 million includes gold, current US$, measured in 1989.
Compared with earlier readings it is down 0.3% on the previous year and down 55.0% over ten years.
Over the whole period, total reserves in Somalia peaked at 129.69 million includes gold, current US$ in 1978 and was at its lowest, 6.75 million includes gold, current US$, in 1968.
Somalia ranks 181st of 182 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Total reserves in Somalia, year by year
| Year | includes gold, current US$ | Change |
|---|---|---|
| 1960 | 9.30 million includes gold, current US$ | — |
| 1961 | 16.50 million includes gold, current US$ | +77.4% |
| 1962 | 17.90 million includes gold, current US$ | +8.5% |
| 1963 | 18.77 million includes gold, current US$ | +4.9% |
| 1964 | 10.20 million includes gold, current US$ | -45.7% |
| 1965 | 8.60 million includes gold, current US$ | -15.7% |
| 1966 | 12.30 million includes gold, current US$ | +43.0% |
| 1967 | 10.00 million includes gold, current US$ | -18.7% |
| 1968 | 6.75 million includes gold, current US$ | -32.5% |
| 1969 | 14.23 million includes gold, current US$ | +110.8% |
| 1970 | 21.25 million includes gold, current US$ | +49.4% |
| 1971 | 26.19 million includes gold, current US$ | +23.2% |
| 1972 | 31.53 million includes gold, current US$ | +20.4% |
| 1973 | 35.33 million includes gold, current US$ | +12.1% |
| 1974 | 42.81 million includes gold, current US$ | +21.2% |
| 1975 | 68.74 million includes gold, current US$ | +60.5% |
| 1976 | 85.23 million includes gold, current US$ | +24.0% |
| 1977 | 121.75 million includes gold, current US$ | +42.9% |
| 1978 | 129.69 million includes gold, current US$ | +6.5% |
| 1979 | 51.38 million includes gold, current US$ | -60.4% |
| 1980 | 25.75 million includes gold, current US$ | -49.9% |
| 1981 | 38.25 million includes gold, current US$ | +48.6% |
| 1982 | 15.26 million includes gold, current US$ | -60.1% |
| 1983 | 16.48 million includes gold, current US$ | +8.0% |
| 1984 | 6.96 million includes gold, current US$ | -57.8% |
| 1985 | 8.79 million includes gold, current US$ | +26.3% |
| 1986 | 20.32 million includes gold, current US$ | +131.2% |
| 1987 | 16.61 million includes gold, current US$ | -18.3% |
| 1988 | 23.19 million includes gold, current US$ | +39.6% |
| 1989 | 23.11 million includes gold, current US$ | -0.3% |
Somalia compared with similar countries
- Somalia's 23.11 million includes gold, current US$ is below the median for low income countries, which is 939.84 million includes gold, current US$, 2% of the median. (20 countries reporting)
- Somalia's 23.11 million includes gold, current US$ is below the median for Sub-Saharan Africa, which is 1.30 billion includes gold, current US$, 2% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 12.45 million includes gold, current US$ | 6.75 million includes gold, current US$ | 18.77 million includes gold, current US$ | 10 |
| 1970s | 61.39 million includes gold, current US$ | 21.25 million includes gold, current US$ | 129.69 million includes gold, current US$ | 10 |
| 1980s | 19.47 million includes gold, current US$ | 6.96 million includes gold, current US$ | 38.25 million includes gold, current US$ | 10 |
Countries ranked near Somalia
- 178 Dominica 164.69 million includes gold, current US$ compare
- 179 Burundi 90.35 million includes gold, current US$ compare
- 180 Sao Tome and Principe 58.79 million includes gold, current US$
- 182 South Sudan 15.96 million includes gold, current US$
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$), annual growth rate 0.6536 % change on previous year (1989)
Frequently asked questions
- What is total reserves in Somalia?
- Total reserves in Somalia was 23.11 million includes gold, current US$ in 1989, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest total reserves recorded in Somalia?
- The highest recorded value was 129.69 million includes gold, current US$ in 1978.
- What is the lowest total reserves recorded in Somalia?
- The lowest recorded value was 6.75 million includes gold, current US$ in 1968.
- How does Somalia rank for total reserves?
- Somalia ranks 181st out of 182 countries with data for 1989.
- Is total reserves rising or falling in Somalia?
- Over the last ten years it is down 55.0%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Total reserves (includes gold, current US$). Statizoid updates them automatically from the source API.
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About this data
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.