Current account balance in US dollars — all countries

Current account balance in US dollars — Somalia

Current account balance in US dollars in Somalia in 2031 — -2.26 bn US$. Ranked 132 in the world out of 187. Since 2013, the indicator has fallen by 507.8%.

2031 -2.26 bn US$ +1.91% vs 2030
World rank 132of 187
Period maximum -0.15 bn US$2015
Period minimum -2.31 bn US$2030

Trend over time

2013–2031 · billion US$

Current account balance in US dollars — Somalia, 2013–2031-3-2-1020132015201720192021202320252027202920312013: -0.37 bn US$2014: -0.15 bn US$2015: -0.15 bn US$2016: -0.41 bn US$2017: -0.29 bn US$2018: -0.25 bn US$2019: -0.84 bn US$2020: -0.4 bn US$2021: -0.67 bn US$2022: -0.88 bn US$2023: -0.97 bn US$2024: -1.11 bn US$2025: -1.23 bn US$2026: -1.23 bn US$2027: -1.49 bn US$2028: -1.74 bn US$2029: -2.09 bn US$2030: -2.31 bn US$2031: -2.26 bn US$
Change over the period: −1.89 (−507.8%)

Comparison, 2031

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

Somalia -2.26 bn US$
World computed 458.47 bn US$
Sub-Saharan Africa computed -39.78 bn US$
Eastern Africa computed -24.86 bn US$
Low-income countries computed -27.28 bn US$
Current account balance in US dollars — Somalia, by year Somalia All countries CSV XLSX
Year bn US$ Change Change, %
2031 -2.26 +0.04 +1.91%
2030 -2.31 −0.22 −10.55%
2029 -2.09 −0.34 −19.62%
2028 -1.74 −0.25 −16.82%
2027 -1.49 −0.26 −21.3%
2026 -1.23 −0 −0.08%
2025 -1.23 −0.12 −10.52%
2024 -1.11 −0.14 −14.29%
2023 -0.97 −0.1 −10.95%
2022 -0.88 −0.21 −31.09%
2021 -0.67 −0.27 −65.59%
2020 -0.4 +0.43 +51.73%
2019 -0.84 −0.59 −234.8%
2018 -0.25 +0.04 +14.97%
2017 -0.29 +0.11 +27.94%
2016 -0.41 −0.26 −179.45%
2015 -0.15 +0 +0.68%
2014 -0.15 +0.23 +60.48%
2013 -0.37

About the indicator

The current account balance in billions of US dollars: trade in goods and services, income from investment and labor, and current transfers, all together. A positive value means a country exports capital, a negative one that it imports it. By definition the sum over all countries of the world should be zero, but in practice it fails to balance by several hundred billion: the discrepancy comes from countries recording the same flows differently.

Important: The same indicator as a percent of GDP is available separately, and for comparing countries it suits better. The absolute value is needed to see the scale of the flows in the world economy.

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