Net acquisition of financial assets (% of GDP) in Somalia
Somalia: Net acquisition of financial assets (% of GDP) was 0.1% 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 % of GDP.
Analysis
In 2024, net acquisition of financial assets in Somalia stood at 0.1%.
Compared with earlier readings it is down 15.2% on the previous year and up 289.1% over ten years.
That places Somalia 91st out of 134 countries with data for 2024, putting it in the middle of the range.
Net acquisition of financial assets (% of GDP) in Somalia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2017 | 0.0% | — |
| 2018 | 0.1% | +179.3% |
| 2019 | 0.3% | +177.3% |
| 2020 | 0.2% | -32.3% |
| 2021 | -0.2% | -223.2% |
| 2022 | 0.4% | -284.1% |
| 2023 | 0.2% | -61.4% |
| 2024 | 0.1% | -15.2% |
Somalia compared with similar countries
- Somalia's 0.1% is below the median for low income countries, which is 0.4%, 35% of the median. (14 countries reporting)
- Somalia's 0.1% is above the median for Sub-Saharan Africa, which is 0.0%, 38.0× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.1% | 0.0% | 0.3% | 3 |
| 2020s | 0.1% | -0.2% | 0.4% | 5 |
Countries ranked near Somalia
- 88 South Korea 0.2% compare
- 89 Morocco 0.2% compare
- 90 Uzbekistan 0.2% compare
- 92 Tajikistan 0.1% compare
- 93 Saint Kitts and Nevis 0.0%
- 94 Indonesia 0.0%
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 0.1% 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 0.4% in 2022.
- What is the lowest net acquisition of financial assets recorded in Somalia?
- The lowest recorded value was -0.2% in 2021.
- How does Somalia rank for net acquisition of financial assets?
- Somalia ranks 91st 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 289.1%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.