Use of IMF credit in Somalia
Somalia: Use of IMF credit was 383.72 million DOD, current US$ in 2024. ◆ Volatile
Use of IMF credit in Somalia, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
In 2024, use of imf credit in Somalia stood at 383.72 million DOD, current US$.
The figure is up 2.4% on the previous year and up 67.6% over ten years.
Over the whole period, use of imf credit in Somalia peaked at 650.34 million DOD, current US$ in 2021 and was at its lowest, 0 DOD, current US$, in 1970.
Somalia ranks 89th of 123 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Use of IMF credit in Somalia, year by year
| Year | DOD, current US$ | Change |
|---|---|---|
| 1970 | 0 DOD, current US$ | — |
| 1971 | 0 DOD, current US$ | — |
| 1972 | 0 DOD, current US$ | — |
| 1973 | 0 DOD, current US$ | — |
| 1974 | 0 DOD, current US$ | — |
| 1975 | 0 DOD, current US$ | — |
| 1976 | 0 DOD, current US$ | — |
| 1977 | 0 DOD, current US$ | — |
| 1978 | 182,391 DOD, current US$ | — |
| 1979 | 184,426 DOD, current US$ | +1.1% |
| 1980 | 17.85 million DOD, current US$ | +9576.6% |
| 1981 | 46.55 million DOD, current US$ | +160.8% |
| 1982 | 79.70 million DOD, current US$ | +71.2% |
| 1983 | 122.69 million DOD, current US$ | +54.0% |
| 1984 | 112.08 million DOD, current US$ | -8.7% |
| 1985 | 153.94 million DOD, current US$ | +37.4% |
| 1986 | 155.71 million DOD, current US$ | +1.1% |
| 1987 | 175.46 million DOD, current US$ | +12.7% |
| 1988 | 165.52 million DOD, current US$ | -5.7% |
| 1989 | 149.93 million DOD, current US$ | -9.4% |
| 1990 | 159.34 million DOD, current US$ | +6.3% |
| 1991 | 160.21 million DOD, current US$ | +0.5% |
| 1992 | 154.01 million DOD, current US$ | -3.9% |
| 1993 | 153.84 million DOD, current US$ | -0.1% |
| 1994 | 163.51 million DOD, current US$ | +6.3% |
| 1995 | 166.49 million DOD, current US$ | +1.8% |
| 1996 | 161.05 million DOD, current US$ | -3.3% |
| 1997 | 151.12 million DOD, current US$ | -6.2% |
| 1998 | 157.71 million DOD, current US$ | +4.4% |
| 1999 | 172.53 million DOD, current US$ | +9.4% |
| 2000 | 163.78 million DOD, current US$ | -5.1% |
| 2001 | 157.97 million DOD, current US$ | -3.5% |
| 2002 | 170.89 million DOD, current US$ | +8.2% |
| 2003 | 186.79 million DOD, current US$ | +9.3% |
| 2004 | 195.22 million DOD, current US$ | +4.5% |
| 2005 | 179.66 million DOD, current US$ | -8.0% |
| 2006 | 189.10 million DOD, current US$ | +5.3% |
| 2007 | 198.64 million DOD, current US$ | +5.0% |
| 2008 | 193.61 million DOD, current US$ | -2.5% |
| 2009 | 248.43 million DOD, current US$ | +28.3% |
| 2010 | 244.04 million DOD, current US$ | -1.8% |
| 2011 | 243.29 million DOD, current US$ | -0.3% |
| 2012 | 243.35 million DOD, current US$ | +0.0% |
| 2013 | 243.34 million DOD, current US$ | -0.0% |
| 2014 | 228.93 million DOD, current US$ | -5.9% |
| 2015 | 218.96 million DOD, current US$ | -4.4% |
| 2016 | 212.42 million DOD, current US$ | -3.0% |
| 2017 | 225.03 million DOD, current US$ | +5.9% |
| 2018 | 219.76 million DOD, current US$ | -2.3% |
| 2019 | 218.50 million DOD, current US$ | -0.6% |
| 2020 | 443.67 million DOD, current US$ | +103.1% |
| 2021 | 650.34 million DOD, current US$ | +46.6% |
| 2022 | 646.34 million DOD, current US$ | -0.6% |
| 2023 | 374.64 million DOD, current US$ | -42.0% |
| 2024 | 383.72 million DOD, current US$ | +2.4% |
Somalia compared with similar countries
- Somalia's 383.72 million DOD, current US$ is below the median for low income countries, which is 779.87 million DOD, current US$, 49% of the median. (23 countries reporting)
- Somalia's 383.72 million DOD, current US$ is below the median for Sub-Saharan Africa, which is 842.15 million DOD, current US$, 46% of the median. (44 countries reporting)
Biggest year-on-year movements
Years where Use of IMF credit in Somalia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1980 | +9576.6% | 184,426 DOD, current US$ | 17.85 million DOD, current US$ |
| 1981 | +160.8% | 17.85 million DOD, current US$ | 46.55 million DOD, current US$ |
| 2020 | +103.1% | 218.50 million DOD, current US$ | 443.67 million DOD, current US$ |
| 1982 | +71.2% | 46.55 million DOD, current US$ | 79.70 million DOD, current US$ |
| 1983 | +54.0% | 79.70 million DOD, current US$ | 122.69 million DOD, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 36,682 DOD, current US$ | 0 DOD, current US$ | 184,426 DOD, current US$ | 10 |
| 1980s | 117.94 million DOD, current US$ | 17.85 million DOD, current US$ | 175.46 million DOD, current US$ | 10 |
| 1990s | 159.98 million DOD, current US$ | 151.12 million DOD, current US$ | 172.53 million DOD, current US$ | 10 |
| 2000s | 188.41 million DOD, current US$ | 157.97 million DOD, current US$ | 248.43 million DOD, current US$ | 10 |
| 2010s | 229.76 million DOD, current US$ | 212.42 million DOD, current US$ | 244.04 million DOD, current US$ | 10 |
| 2020s | 499.74 million DOD, current US$ | 374.64 million DOD, current US$ | 650.34 million DOD, current US$ | 5 |
Countries ranked near Somalia
- 86 Kyrgyzstan 465.95 million DOD, current US$ compare
- 87 Burundi 420.00 million DOD, current US$ compare
- 88 Turkmenistan 389.29 million DOD, current US$ compare
- 90 Paraguay 375.89 million DOD, current US$ compare
- 91 Albania 360.12 million DOD, current US$ compare
- 92 Guyana 340.81 million DOD, 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$), annual growth rate 100 % change on previous year (2024)
Frequently asked questions
- What is use of imf credit in Somalia?
- Use of imf credit in Somalia was 383.72 million DOD, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest use of imf credit recorded in Somalia?
- The highest recorded value was 650.34 million DOD, current US$ in 2021.
- What is the lowest use of imf credit recorded in Somalia?
- The lowest recorded value was 0 DOD, current US$ in 1970.
- How does Somalia rank for use of imf credit?
- Somalia ranks 89th out of 123 countries with data for 2024.
- Is use of imf credit rising or falling in Somalia?
- Over the last ten years it is up 67.6%. 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 Use of IMF credit (DOD, current US$). Statizoid updates them automatically from the source API.
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About this data
Use of IMF Credit: Data related to the operations of the IMF are provided by the IMF Treasurer’s Department. They are converted from special drawing rights into dollars using end-of-period exchange rates for stocks and average-over-the-period exchange rates for flows. IMF trust fund operations under the Enhanced Structural Adjustment Facility, Extended Fund Facility, Poverty Reduction and Growth Facility, and Structural Adjustment Facility (Enhanced Structural Adjustment Facility in 1999) are presented together with all of the IMF’s special facilities (buffer stock, supplemental reserve, compensatory and contingency facilities, oil facilities, and other facilities). SDR allocations are also included in this category. According to the BPM6, SDR allocations are recorded as the incurrence of a debt liability of the member receiving them (because of a requirement to repay the allocation in certain circumstances, and also because interest accrues). This debt item is introduced for the first time this year with historical data starting in 1999.