Net lending (+) / net borrowing (-) in Somalia
Somalia: Net lending (+) / net borrowing (-) was 510.19 billion current LCU in 2024. ◆ Volatile
Net lending (+) / net borrowing (-) in Somalia, 2017–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Somalia recorded 510.19 billion current LCU for net lending (+) / net borrowing (-) in 2024.
That represents a change of down 98.9% on the previous year and up 721.8% over ten years.
That places Somalia 8th out of 156 countries with data for 2024, putting it in the top 10%.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 280.46 billion current LCU | 62.08 billion current LCU | 593.07 billion current LCU | 3 |
| 2020s | 9.16 trillion current LCU | -2.16 trillion current LCU | 46.75 trillion current LCU | 5 |
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 net lending (+) / net borrowing (-) in Somalia?
- Net lending (+) / net borrowing (-) in Somalia was 510.19 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net lending (+) / net borrowing (-) recorded in Somalia?
- The highest recorded value was 46.75 trillion current LCU in 2023.
- What is the lowest net lending (+) / net borrowing (-) recorded in Somalia?
- The lowest recorded value was -2.16 trillion current LCU in 2021.
- How does Somalia rank for net lending (+) / net borrowing (-)?
- Somalia ranks 8th out of 156 countries with data for 2024.
- Is net lending (+) / net borrowing (-) rising or falling in Somalia?
- Over the last ten years it is up 721.8%. 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 lending (+) / net borrowing (-) (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. 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.