Financial soundness indicators in Somalia
Somalia: Financial soundness indicators was 0.6% in 2024. ◆ Volatile
Latest (2024)
0.6%
Change on year
up 87.1%
World rank
144th
of 150 countries
All-time high
1.8%
in 2022
All-time low
0.2%
in 2020
Years of data
7
2018–2024
Financial soundness indicators in Somalia, 2018–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for financial soundness indicators in Somalia is 0.6%, measured in 2024.
The figure is up 87.1% on the previous year and down 42.6% over ten years.
Somalia ranks 144th of 150 countries on this measure, in the bottom quarter.
Financial soundness indicators in Somalia, year by year
| Year | % | Change |
|---|---|---|
| 2018 | 1.0% | — |
| 2019 | 1.2% | +14.9% |
| 2020 | 0.2% | -83.6% |
| 2021 | 1.6% | +757.9% |
| 2022 | 1.8% | +8.0% |
| 2023 | 0.3% | -82.4% |
| 2024 | 0.6% | +87.1% |
Somalia compared with similar countries
- Somalia's 0.6% is below the median for low income countries, which is 3.5%, 16% of the median. (12 countries reporting)
- Somalia's 0.6% is below the median for Sub-Saharan Africa, which is 3.3%, 18% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.1% | 1.0% | 1.2% | 2 |
| 2020s | 0.9% | 0.2% | 1.8% | 5 |
Countries ranked near Somalia
More reference data data for Somalia
- Emission Totals - Emissions (CH4) - Burning - Crop residues 0.4444 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.3652 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 41.78 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Manure applied 234.3 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 43.31 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Manure Management 96.78 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Enteric Fermentation 28,272 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Crop Residues 71.14 (2050)
- Emission Totals - Emissions (CH4) - Enteric Fermentation 1,010 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.2685 (2050)
Frequently asked questions
- What is financial soundness indicators in Somalia?
- Financial soundness indicators in Somalia was 0.6% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest financial soundness indicators recorded in Somalia?
- The highest recorded value was 1.8% in 2022.
- What is the lowest financial soundness indicators recorded in Somalia?
- The lowest recorded value was 0.2% in 2020.
- How does Somalia rank for financial soundness indicators?
- Somalia ranks 144th out of 150 countries with data for 2024.
- Is financial soundness indicators rising or falling in Somalia?
- Over the last ten years it is down 42.6%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Financial soundness indicators. Statizoid updates them automatically from the source API.
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About this data
Return on assets (%).