Net acquisition of financial assets (current LCU) in Somalia
Somalia: Net acquisition of financial assets (current LCU) was 462.96 billion current LCU in 2024. ◆ Volatile
Net acquisition of financial assets in Somalia, 2017–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, net acquisition of financial assets in Somalia stood at 462.96 billion current LCU.
Compared with earlier readings it is down 4.2% on the previous year and up 643.7% over ten years.
Somalia ranks 19th of 134 countries on this measure, in the top quarter.
Net acquisition of financial assets (current LCU) in Somalia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2017 | 62.25 billion current LCU | — |
| 2018 | 186.24 billion current LCU | +199.2% |
| 2019 | 594.03 billion current LCU | +219.0% |
| 2020 | 412.18 billion current LCU | -30.6% |
| 2021 | -564.24 billion current LCU | -236.9% |
| 2022 | 1.15 trillion current LCU | -304.1% |
| 2023 | 483.41 billion current LCU | -58.0% |
| 2024 | 462.96 billion current LCU | -4.2% |
Somalia compared with similar countries
- Somalia's 462.96 billion current LCU is above the median for low income countries, which is 21.68 billion current LCU, 21.4× the median. (14 countries reporting)
- Somalia's 462.96 billion current LCU is above the median for Sub-Saharan Africa, which is 9.05 million current LCU, 51157.7× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 280.84 billion current LCU | 62.25 billion current LCU | 594.03 billion current LCU | 3 |
| 2020s | 389.18 billion current LCU | -564.24 billion current LCU | 1.15 trillion current LCU | 5 |
Countries ranked near Somalia
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 net acquisition of financial assets in Somalia?
- Net acquisition of financial assets in Somalia was 462.96 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net acquisition of financial assets recorded in Somalia?
- The highest recorded value was 1.15 trillion current LCU in 2022.
- What is the lowest net acquisition of financial assets recorded in Somalia?
- The lowest recorded value was -564.24 billion current LCU in 2021.
- How does Somalia rank for net acquisition of financial assets?
- Somalia ranks 19th out of 134 countries with data for 2024.
- Is net acquisition of financial assets rising or falling in Somalia?
- Over the last ten years it is up 643.7%. The long-run trend across the full record is volatile.
- 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 Net acquisition of financial assets (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net acquisition of government financial assets includes domestic and foreign financial claims, SDRs, and gold bullion held by monetary authorities as a reserve asset. The net acquisition of financial assets should be offset by the net incurrence of liabilities. 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.