Current account balance — all countries

Current account balance — Somalia

Current account balance in Somalia in 2031 — -10.3%. Ranked 174 in the world out of 188. Since 2013, the indicator has fallen by 4 pp.

2031 -10.3% +1.3 pp vs 2030
World rank 174of 188
Period maximum -2.1%2015
Period minimum -11.6%2030

Trend over time

2013–2031 · % of GDP

Current account balance — Somalia, 2013–2031-12.5-10-7.5-5-2.5020132015201720192021202320252027202920312013: -6.3%2014: -2.3%2015: -2.1%2016: -5.5%2017: -3.6%2018: -3.2%2019: -9.7%2020: -4.7%2021: -7.1%2022: -8.6%2023: -8.9%2024: -9.1%2025: -9.5%2026: -8.7%2027: -9.6%2028: -10.3%2029: -11.4%2030: -11.6%2031: -10.3%
Change over the period: −4 pp Annual average: -0.22 pp

Comparison, 2031

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

Somalia -10.3%
World computed 0.28%
Sub-Saharan Africa computed -1.15%
Eastern Africa computed -2.4%
Low-income countries computed -2.62%
Current account balance — Somalia, by year Somalia All countries CSV XLSX
Year % Change, pp
2031 -10.3 +1.3 pp
2030 -11.6 −0.2 pp
2029 -11.4 −1.1 pp
2028 -10.3 −0.7 pp
2027 -9.6 −0.9 pp
2026 -8.7 +0.8 pp
2025 -9.5 −0.4 pp
2024 -9.1 −0.2 pp
2023 -8.9 −0.3 pp
2022 -8.6 −1.5 pp
2021 -7.1 −2.4 pp
2020 -4.7 +5 pp
2019 -9.7 −6.5 pp
2018 -3.2 +0.4 pp
2017 -3.6 +1.9 pp
2016 -5.5 −3.4 pp
2015 -2.1 +0.2 pp
2014 -2.3 +4 pp
2013 -6.3

About the indicator

The current account balance of the balance of payments as a percent of GDP: trade in goods and services, primary income (interest, dividends, compensation of employees) and secondary income (transfers). A surplus means a country earns more abroad than it spends and is building up external assets; a persistent deficit has to be financed by an inflow of capital.

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