Net official development assistance received in Somalia
Somalia: Net official development assistance received was 1.57 billion current US$ in 2018. ◆ Volatile
Net official development assistance received in Somalia, 1990–2018
Source: Development Assistance Committee of the Organisation for Economic Co-operation and Development, Geographical Distribution of Financial Flows to Developing Countries, Development Co-operation Report, a. Measured in current US$.
Analysis
In 2018, net official development assistance received in Somalia stood at 1.57 billion current US$.
The figure is down 10.6% on the previous year and up 105.4% over ten years.
Over the whole period, net official development assistance received in Somalia peaked at 1.76 billion current US$ in 2017 and was at its lowest, 81.18 million current US$, in 1997.
Somalia ranks 22nd of 167 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 333.64 million current US$ | 81.18 million current US$ | 892.12 million current US$ | 10 |
| 2000s | 323.94 million current US$ | 102.23 million current US$ | 765.87 million current US$ | 10 |
| 2010s | 1.17 billion current US$ | 505.68 million current US$ | 1.76 billion current US$ | 9 |
Countries ranked near Somalia
More external debt data for Somalia
- IFC, private nonguaranteed 0 NFL, US$ (2024)
- Public and publicly guaranteed debt service 0.0% (2024)
- Net financial flows, IDA 0 NFL, current US$ (2024)
- Use of IMF credit 383.72 million DOD, current US$ (2024)
- External debt stocks, public and publicly guaranteed (PPG) 663.72 million DOD, current US$ (2024)
- IBRD loans and IDA credits 0 DOD, current US$ (2024)
- Net financial flows, bilateral -2.23 million NFL, current US$ (2024)
- Net financial flows, multilateral -1.52 million NFL, current US$ (2024)
- PPG, official creditors -3.75 million NFL, US$ (2024)
- IMF repurchases and charges 10.90 million TDS, current US$ (2024)
Frequently asked questions
- What is net official development assistance received in Somalia?
- Net official development assistance received in Somalia was 1.57 billion current US$ in 2018, according to Development Assistance Committee of the Organisation for Economic Co-operation and Development, Geographical Distribution of Financial Flows to Developing Countries, Development Co-operation Report, a.
- What is the highest net official development assistance received recorded in Somalia?
- The highest recorded value was 1.76 billion current US$ in 2017.
- What is the lowest net official development assistance received recorded in Somalia?
- The lowest recorded value was 81.18 million current US$ in 1997.
- How does Somalia rank for net official development assistance received?
- Somalia ranks 22nd out of 167 countries with data for 2018.
- Is net official development assistance received rising or falling in Somalia?
- Over the last ten years it is up 105.4%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from Development Assistance Committee of the Organisation for Economic Co-operation and Development, Geographical Distribution of Financial Flows to Developing Countries, Development Co-operation Report, a, published as part of Net official development assistance received (current US$). Statizoid updates them automatically from the source API.
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About this data
Net official development assistance (ODA) consists of disbursements of loans made on concessional terms (net of repayments of principal) and grants by official agencies of the members of the Development Assistance Committee (DAC), by multilateral institutions, and by non-DAC countries to promote economic development and welfare in countries and territories in the DAC list of ODA recipients. It includes loans with a grant element of at least 25 percent (calculated at a rate of discount of 10 percent). Data are in current U.S. dollars.