Debt on Non-concessional terms to GDP in Somalia
Somalia: Debt on Non-concessional terms to GDP was 88.7% in 1990. ◆ Volatile
Debt on Non-concessional terms to GDP in Somalia, 1970–1990
Source: World Bank, Global Development Finance. Measured in % of GDP.
Analysis
Somalia recorded 88.7% for debt on non-concessional terms to gdp in 1990. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 37.8% on the previous year and up 371.7% over ten years.
Over the whole period, debt on non-concessional terms to gdp in Somalia peaked at 88.7% in 1990 and was at its lowest, 0.0%, in 1970.
That places Somalia 2nd out of 50 countries with data for 1990, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Debt on Non-concessional terms to GDP in Somalia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 2.1% | — |
| 1972 | 2.1% | +2.5% |
| 1973 | 2.3% | +7.2% |
| 1974 | 2.4% | +6.4% |
| 1975 | 1.5% | -35.7% |
| 1976 | 1.2% | -24.2% |
| 1977 | 4.4% | +275.6% |
| 1978 | 6.7% | +52.3% |
| 1979 | 7.9% | +18.3% |
| 1980 | 18.8% | +137.0% |
| 1981 | 43.8% | +133.2% |
| 1982 | 50.9% | +16.1% |
| 1983 | 84.2% | +65.3% |
| 1984 | 83.5% | -0.8% |
| 1985 | 66.0% | -21.0% |
| 1986 | 65.4% | -0.8% |
| 1987 | 61.0% | -6.8% |
| 1988 | 64.2% | +5.2% |
| 1989 | 64.4% | +0.3% |
| 1990 | 88.7% | +37.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.1% | 0.0% | 7.9% | 10 |
| 1980s | 60.2% | 18.8% | 84.2% | 10 |
| 1990s | 88.7% | 88.7% | 88.7% | 1 |
Countries ranked near Somalia
- 1 Seychelles 153.6% compare
- 3 Zimbabwe 45.8% compare
- 4 Tunisia 37.4% compare
- 5 South Africa 27.8%
More external debt data for Somalia
- IFC, private nonguaranteed 0 NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 0 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 0.0% (2024)
- Net financial flows, IDA 0 NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 0 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IDA (NFL, current US$), per square kilometre -18.74 NFL, current US$ per square kilometre (2023)
- Net financial flows, IDA (NFL, current US$), annual growth rate 100 % change on previous year (2024)
Frequently asked questions
- What is debt on non-concessional terms to gdp in Somalia?
- Debt on non-concessional terms to gdp in Somalia was 88.7% in 1990, according to World Bank, Global Development Finance.
- What is the highest debt on non-concessional terms to gdp recorded in Somalia?
- The highest recorded value was 88.7% in 1990.
- What is the lowest debt on non-concessional terms to gdp recorded in Somalia?
- The lowest recorded value was 0.0% in 1970.
- How does Somalia rank for debt on non-concessional terms to gdp?
- Somalia ranks 2nd out of 50 countries with data for 1990.
- Is debt on non-concessional terms to gdp rising or falling in Somalia?
- Over the last ten years it is up 371.7%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from World Bank, Global Development Finance, published as part of Debt on Non-concessional terms to GDP (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Non-concessional LDOD conveys information about the borrower's receipt of aid from official lenders on non-concessional terms as defined by the Development Assistance Committee (DAC) of the OECD. Concessional debt is defined as loans with an original grant element of 25 percent or more. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 10 percent. The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. Loans from major regional development banks--African Development Bank, Asian Development Bank, and the Inter-American Development Bank--and from the World Bank are classified as concessional according to each institution's classification and not according to the DAC definition, as was the practice in earlier reports. Long-term debt outstanding and disbursed (LDOD) is the total outstanding long-term debt at year end. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents and repayable in currency, goods, or services. Data are in current U.S. dollars.