Net lending (+) / net borrowing (-) in Somalia
Somalia: Net lending (+) / net borrowing (-) was 0.2% 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 % of GDP.
Analysis
In 2024, net lending (+) / net borrowing (-) in Somalia stood at 0.2%.
Compared with earlier readings it is down 99.0% on the previous year and up 329.9% over ten years.
Somalia ranks 37th of 156 countries on this measure, in the top quarter.
Net lending (+) / net borrowing (-) in Somalia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2017 | 0.0% | — |
| 2018 | 0.1% | +180.0% |
| 2019 | 0.3% | +176.8% |
| 2020 | 0.2% | -32.1% |
| 2021 | -0.9% | -570.6% |
| 2022 | 0.1% | -112.2% |
| 2023 | 15.7% | +14616.0% |
| 2024 | 0.2% | -99.0% |
Somalia compared with similar countries
- Somalia's 0.2% is above the median for low income countries, which is -3.7%. (16 countries reporting)
- Somalia's 0.2% is above the median for Sub-Saharan Africa, which is -3.8%. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.1% | 0.0% | 0.3% | 3 |
| 2020s | 3.1% | -0.9% | 15.7% | 5 |
Countries ranked near Somalia
- 34 United Arab Emirates 0.4% compare
- 35 Afghanistan 0.4%
- 36 Laos 0.2% compare
- 38 Argentina 0.1% compare
- 39 Ecuador -0.0% compare
- 40 Tajikistan -0.2% compare
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)
- Democracy 0 (2025)
- Chief executive of the government is elected 0 (2025)
- Elected parliament 0 (2025)
- Men's universal right to vote 0 (2025)
Frequently asked questions
- What is net lending (+) / net borrowing (-) in Somalia?
- Net lending (+) / net borrowing (-) in Somalia was 0.2% 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 15.7% in 2023.
- What is the lowest net lending (+) / net borrowing (-) recorded in Somalia?
- The lowest recorded value was -0.9% in 2021.
- How does Somalia rank for net lending (+) / net borrowing (-)?
- Somalia ranks 37th 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 329.9%. 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 (-) (% of GDP). 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 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.