Broad money (% of GDP) — all countries

Broad money (% of GDP) — Somalia

Broad money (% of GDP) in Somalia in 1989 — 26.11%. Ranked 88 in the world out of 127. Since 1960, the indicator has risen by 17.81 pp.

1989 26.11% +5.2 pp vs 1988
World rank 88of 127
Period maximum 31.31%1979
Period minimum 8.3%1960

Trend over time

1960–1989 · % of GDP

Broad money (% of GDP) — Somalia, 1960–1989010203040196019631966196919721975197819811984198719891960: 8.3%1961: 12.31%1962: 12.86%1963: 14.39%1964: 13.67%1965: 12.61%1966: 12.64%1967: 13.8%1968: 14.74%1969: 15.26%1970: 19.11%1971: 15.81%1972: 16.56%1973: 20.02%1974: 21.73%1975: 21.09%1976: 21.88%1977: 22.45%1978: 25.04%1979: 31.31%1980: 19.5%1981: 20.05%1982: 17.57%1983: 15.66%1984: 11.14%1985: 14.39%1986: 14.17%1987: 22.54%1988: 20.91%1989: 26.11%
Change over the period: +17.81 pp Annual average: 0.61 pp

Comparison, 1989

How the value compares with the world and the groups this territory belongs to: Somalia

Somalia 26.11%
World 92.2%
Eastern Africa computed 26.82%
Low-income countries computed 22.82%
Broad money (% of GDP) — Somalia, by year Somalia All countries CSV XLSX
Year % Change, pp
1989 26.11 +5.2 pp
1988 20.91 −1.64 pp
1987 22.54 +8.37 pp
1986 14.17 −0.21 pp
1985 14.39 +3.25 pp
1984 11.14 −4.52 pp
1983 15.66 −1.91 pp
1982 17.57 −2.47 pp
1981 20.05 +0.55 pp
1980 19.5 −11.81 pp
1979 31.31 +6.27 pp
1978 25.04 +2.59 pp
1977 22.45 +0.57 pp
1976 21.88 +0.78 pp
1975 21.09 −0.63 pp
1974 21.73 +1.71 pp
1973 20.02 +3.46 pp
1972 16.56 +0.75 pp
1971 15.81 −3.3 pp
1970 19.11 +3.85 pp
1969 15.26 +0.52 pp
1968 14.74 +0.94 pp
1967 13.8 +1.16 pp
1966 12.64 +0.03 pp
1965 12.61 −1.06 pp
1964 13.67 −0.72 pp
1963 14.39 +1.53 pp
1962 12.86 +0.55 pp
1961 12.31 +4.01 pp
1960 8.3

About the indicator

Broad money, an aggregate close to M2/M3, as a percent of GDP: currency outside banks, demand deposits, time and savings deposits and, in a number of countries, short-term securities. The ratio to GDP is conventionally read as a measure of monetization and of the depth of the financial system, not as an indicator of inflationary pressure.

Source: World Economic Outlook (IMF), license IMF open data.