Interest payments (% of revenue) in Somalia
Somalia: Interest payments (% of revenue) was 0.6% in 2024. ◆ Volatile
Interest payments in Somalia, 2020–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, interest payments in Somalia stood at 0.6%.
The figure is up 557.7% on the previous year and down 77.6% over five years.
That places Somalia 145th out of 155 countries with data for 2024, putting it in the bottom quarter.
Interest payments (% of revenue) in Somalia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2020 | 2.9% | — |
| 2021 | 0.4% | -86.6% |
| 2022 | 0.1% | -74.9% |
| 2023 | 0.1% | +1.1% |
| 2024 | 0.6% | +557.7% |
Somalia compared with similar countries
- Somalia's 0.6% is below the median for low income countries, which is 7.4%, 9% of the median. (16 countries reporting)
- Somalia's 0.6% is below the median for Sub-Saharan Africa, which is 11.6%, 6% of the median. (36 countries reporting)
Countries ranked near Somalia
- 142 Switzerland 0.9% compare
- 143 Azerbaijan 0.9% compare
- 144 Kiribati 0.7%
- 146 Luxembourg 0.6% compare
- 147 Palau 0.6%
- 148 Iran 0.6%
More public sector data for Somalia
- Democracy, 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)
- Elected parliament, 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)
- Arms imports 2.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 0.2104 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 0 % change on previous year (2024)
Frequently asked questions
- What is interest payments in Somalia?
- Interest payments in Somalia was 0.6% 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 2.9% in 2020.
- What is the lowest interest payments recorded in Somalia?
- The lowest recorded value was 0.1% in 2022.
- How does Somalia rank for interest payments?
- Somalia ranks 145th 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 (% of revenue). 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.