Debt service on external debt, total in Somalia
Somalia: Debt service on external debt, total was 16.30 million TDS, current US$ in 2024. ◆ Volatile
Latest (2024)
16.30 million TDS, current US$
Change on year
down 38.7%
World rank
121st
of 122 countries
All-time high
820.91 million TDS, current US$
in 2020
All-time low
32,180 TDS, current US$
in 2015
Years of data
55
1970–2024
Debt service on external debt, total in Somalia, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in TDS, current US$.
Analysis
The most recent figure for debt service on external debt, total in Somalia is 16.30 million TDS, current US$, measured in 2024.
The figure is down 38.7% on the previous year and up 46,530.4% over ten years.
Over the whole period, debt service on external debt, total in Somalia peaked at 820.91 million TDS, current US$ in 2020 and was at its lowest, 32,180 TDS, current US$, in 2015.
Somalia ranks 121st of 122 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service on external debt, total in Somalia, year by year
| Year | TDS, current US$ | Change |
|---|---|---|
| 1970 | 2.77 million TDS, current US$ | — |
| 1971 | 1.20 million TDS, current US$ | -56.6% |
| 1972 | 1.98 million TDS, current US$ | +64.7% |
| 1973 | 2.66 million TDS, current US$ | +34.2% |
| 1974 | 3.12 million TDS, current US$ | +17.3% |
| 1975 | 4.49 million TDS, current US$ | +44.0% |
| 1976 | 2.48 million TDS, current US$ | -44.8% |
| 1977 | 3.89 million TDS, current US$ | +56.8% |
| 1978 | 4.15 million TDS, current US$ | +6.7% |
| 1979 | 4.01 million TDS, current US$ | -3.2% |
| 1980 | 12.82 million TDS, current US$ | +219.3% |
| 1981 | 46.58 million TDS, current US$ | +263.3% |
| 1982 | 20.00 million TDS, current US$ | -57.1% |
| 1983 | 24.14 million TDS, current US$ | +20.7% |
| 1984 | 21.30 million TDS, current US$ | -11.8% |
| 1985 | 19.96 million TDS, current US$ | -6.2% |
| 1986 | 62.18 million TDS, current US$ | +211.5% |
| 1987 | 37.09 million TDS, current US$ | -40.4% |
| 1988 | 5.38 million TDS, current US$ | -85.5% |
| 1989 | 32.22 million TDS, current US$ | +499.3% |
| 1990 | 10.71 million TDS, current US$ | -66.8% |
| 1991 | 41,056 TDS, current US$ | -99.6% |
| 1992 | 245,099 TDS, current US$ | +497.0% |
| 1993 | 333,738 TDS, current US$ | +36.2% |
| 1994 | 41,530 TDS, current US$ | -87.6% |
| 1995 | 726,757 TDS, current US$ | +1650.0% |
| 1996 | 3.36 million TDS, current US$ | +362.2% |
| 1997 | 42,659 TDS, current US$ | -98.7% |
| 1998 | 187,235 TDS, current US$ | +338.9% |
| 1999 | 1.70 million TDS, current US$ | +809.7% |
| 2000 | 809,143 TDS, current US$ | -52.5% |
| 2001 | 550,540 TDS, current US$ | -32.0% |
| 2002 | 524,000 TDS, current US$ | -4.8% |
| 2003 | 300,802 TDS, current US$ | -42.6% |
| 2004 | 450,641 TDS, current US$ | +49.8% |
| 2005 | 721,703 TDS, current US$ | +60.2% |
| 2006 | 857,783 TDS, current US$ | +18.9% |
| 2007 | 740,248 TDS, current US$ | -13.7% |
| 2008 | 1.83 million TDS, current US$ | +147.2% |
| 2009 | 167,531 TDS, current US$ | -90.8% |
| 2010 | 228,974 TDS, current US$ | +36.7% |
| 2011 | 78,367 TDS, current US$ | -65.8% |
| 2012 | 220,473 TDS, current US$ | +181.3% |
| 2013 | 585,698 TDS, current US$ | +165.7% |
| 2014 | 34,952 TDS, current US$ | -94.0% |
| 2015 | 32,180 TDS, current US$ | -7.9% |
| 2016 | 54,212 TDS, current US$ | +68.5% |
| 2017 | 34,668 TDS, current US$ | -36.1% |
| 2018 | 62,305 TDS, current US$ | +79.7% |
| 2019 | 638,338 TDS, current US$ | +924.5% |
| 2020 | 820.91 million TDS, current US$ | +128501.0% |
| 2021 | 17.39 million TDS, current US$ | -97.9% |
| 2022 | 19.96 million TDS, current US$ | +14.7% |
| 2023 | 26.59 million TDS, current US$ | +33.2% |
| 2024 | 16.30 million TDS, current US$ | -38.7% |
Somalia compared with similar countries
- Somalia's 16.30 million TDS, current US$ is below the median for low income countries, which is 163.79 million TDS, current US$, 10% of the median. (23 countries reporting)
- Somalia's 16.30 million TDS, current US$ is below the median for Sub-Saharan Africa, which is 421.48 million TDS, current US$, 4% of the median. (44 countries reporting)
Biggest year-on-year movements
Years where Debt service on external debt, total in Somalia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +128501.0% | 638,338 TDS, current US$ | 820.91 million TDS, current US$ |
| 1995 | +1650.0% | 41,530 TDS, current US$ | 726,757 TDS, current US$ |
| 2019 | +924.5% | 62,305 TDS, current US$ | 638,338 TDS, current US$ |
| 1999 | +809.7% | 187,235 TDS, current US$ | 1.70 million TDS, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.07 million TDS, current US$ | 1.20 million TDS, current US$ | 4.49 million TDS, current US$ | 10 |
| 1980s | 28.17 million TDS, current US$ | 5.38 million TDS, current US$ | 62.18 million TDS, current US$ | 10 |
| 1990s | 1.74 million TDS, current US$ | 41,056 TDS, current US$ | 10.71 million TDS, current US$ | 10 |
| 2000s | 695,202 TDS, current US$ | 167,531 TDS, current US$ | 1.83 million TDS, current US$ | 10 |
| 2010s | 197,017 TDS, current US$ | 32,180 TDS, current US$ | 638,338 TDS, current US$ | 10 |
| 2020s | 180.23 million TDS, current US$ | 16.30 million TDS, current US$ | 820.91 million TDS, current US$ | 5 |
Countries ranked near Somalia
- 118 Solomon Islands 25.98 million TDS, current US$ compare
- 119 Comoros 24.64 million TDS, current US$ compare
- 120 Eritrea 21.22 million TDS, current US$ compare
- 122 Sao Tome and Principe 5.22 million TDS, current US$ compare
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$), annual growth rate 100 % change on previous year (2024)
Frequently asked questions
- What is debt service on external debt, total in Somalia?
- Debt service on external debt, total in Somalia was 16.30 million TDS, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service on external debt, total recorded in Somalia?
- The highest recorded value was 820.91 million TDS, current US$ in 2020.
- What is the lowest debt service on external debt, total recorded in Somalia?
- The lowest recorded value was 32,180 TDS, current US$ in 2015.
- How does Somalia rank for debt service on external debt, total?
- Somalia ranks 121st out of 122 countries with data for 2024.
- Is debt service on external debt, total rising or falling in Somalia?
- Over the last ten years it is up 46,530.4%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Debt service on external debt, total (TDS, current US$). Statizoid updates them automatically from the source API.
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About this data
Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF. Data are in current U.S. dollars.