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.
Countries ranked near Somalia
More public sector data for Somalia
- Arms imports 4.00 million SIPRI trend indicator values (2024)
- Tax revenue 2.2% (2024)
- Taxes on income, profits and capital gains 4.0% (2024)
- Taxes on goods and services 5.8% (2024)
- Net investment in nonfinancial assets 0.2% (2024)
- Net lending (+) / net borrowing (-) 0.2% (2024)
- Interest payments 0.6% (2024)
- Grants and other revenue 70.6% (2024)
- Other taxes 1.1% (2024)
- Compensation of employees 42.0% (2023)
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.