Interest payments in Somalia
Somalia: Interest payments was 163.76 billion current LCU in 2024. ◆ Volatile
Interest payments in Somalia, 2020–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Somalia recorded 163.76 billion current LCU for interest payments in 2024.
That represents a change of up 155.5% on the previous year and down 56.0% over five years.
Somalia ranks 46th of 155 countries on this measure, in the middle of the range.
Interest payments in Somalia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2020 | 372.12 billion current LCU | — |
| 2021 | 37.52 billion current LCU | -89.9% |
| 2022 | 18.60 billion current LCU | -50.4% |
| 2023 | 64.10 billion current LCU | +244.7% |
| 2024 | 163.76 billion current LCU | +155.5% |
Somalia compared with similar countries
- Somalia's 163.76 billion current LCU is above the median for low income countries, which is 94.46 billion current LCU, 1.7× the median. (16 countries reporting)
- Somalia's 163.76 billion current LCU is above the median for Sub-Saharan Africa, which is 106.55 billion current LCU, 1.5× the median. (36 countries reporting)
Countries ranked near Somalia
More public sector data for Somalia
- Democracy, annual growth rate -100 % change on previous year (1991)
- Men's universal right to vote, annual growth rate -100 % change on previous year (2012)
- Universal right to vote, annual growth rate -100 % change on previous year (2012)
- Universal right to vote in practice, annual growth rate -100 % change on previous year (1991)
- Elected parliament, annual growth rate -100 % change on previous year (1991)
- Chief executive of the government is elected, annual growth rate -100 % change on previous year (1991)
- Democracy 0 (2025)
- Chief executive of the government is elected 0 (2025)
- Elected parliament 0 (2025)
- Men's universal right to vote 0 (2025)
Frequently asked questions
- What is interest payments in Somalia?
- Interest payments in Somalia was 163.76 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Somalia?
- The highest recorded value was 372.12 billion current LCU in 2020.
- What is the lowest interest payments recorded in Somalia?
- The lowest recorded value was 18.60 billion current LCU in 2022.
- How does Somalia rank for interest payments?
- Somalia ranks 46th out of 155 countries with data for 2024.
- Where does this Somalia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (current LCU). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.