Total debt service in Somalia
Somalia: Total debt service was 1.2% in 1990. ◆ Volatile
Total debt service in Somalia, 1970–1990
Source: World Bank, Global Development Finance. Measured in % of GDP.
Analysis
In 1990, total debt service in Somalia stood at 1.2%.
That represents a change of down 60.4% on the previous year and down 45.3% over ten years.
Over the whole period, total debt service in Somalia peaked at 6.8% in 1981 and was at its lowest, 0.0%, in 1970.
That places Somalia 22nd out of 50 countries with data for 1990, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Total debt service in Somalia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 0.4% | — |
| 1972 | 0.5% | +33.4% |
| 1973 | 0.5% | +9.8% |
| 1974 | 0.7% | +26.5% |
| 1975 | 0.6% | -5.5% |
| 1976 | 0.3% | -51.4% |
| 1977 | 0.8% | +156.1% |
| 1978 | 0.8% | -2.7% |
| 1979 | 0.7% | -8.8% |
| 1980 | 2.1% | +203.8% |
| 1981 | 6.8% | +216.5% |
| 1982 | 2.6% | -61.3% |
| 1983 | 3.3% | +26.6% |
| 1984 | 2.7% | -17.9% |
| 1985 | 2.3% | -15.9% |
| 1986 | 6.7% | +193.0% |
| 1987 | 3.7% | -45.1% |
| 1988 | 0.5% | -85.9% |
| 1989 | 2.9% | +469.9% |
| 1990 | 1.2% | -60.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.5% | 0.0% | 0.8% | 10 |
| 1980s | 3.4% | 0.5% | 6.8% | 10 |
| 1990s | 1.2% | 1.2% | 1.2% | 1 |
Countries ranked near Somalia
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 total debt service in Somalia?
- Total debt service in Somalia was 1.2% in 1990, according to World Bank, Global Development Finance.
- What is the highest total debt service recorded in Somalia?
- The highest recorded value was 6.8% in 1981.
- What is the lowest total debt service recorded in Somalia?
- The lowest recorded value was 0.0% in 1970.
- How does Somalia rank for total debt service?
- Somalia ranks 22nd out of 50 countries with data for 1990.
- Is total debt service rising or falling in Somalia?
- Over the last ten years it is down 45.3%. 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 Total debt service (% of GDP). 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.