External debt — all countries

External debt — Somalia

External debt in Somalia in 2024 — 1,799,443,761 US$. Ranked 21 in the world out of 118. Since 1970, the indicator has risen by 2,357.6%.

2024 1.8B US$ −41.84% vs 2023
World rank 21of 118
Period maximum 5.37B US$2019
Period minimum 73.22M US$1970

Trend over time

1970–2024 · US$

External debt — Somalia, 1970–202402B4B6B19701976198219881994200020062012201820241970: 73,220,144 US$1971: 79,710,586 US$1972: 96,232,137 US$1973: 118,816,347 US$1974: 153,787,756 US$1975: 185,278,662 US$1976: 242,236,035 US$1977: 318,670,721 US$1978: 410,803,673 US$1979: 461,002,731 US$1980: 537,806,923 US$1981: 943,549,900 US$1982: 1,112,727,706 US$1983: 1,301,878,679 US$1984: 1,413,251,593 US$1985: 1,551,613,403 US$1986: 1,709,094,992 US$1987: 1,878,432,482 US$1988: 1,947,394,726 US$1989: 2,030,965,476 US$1990: 2,244,600,538 US$1991: 2,325,272,820 US$1992: 2,328,282,431 US$1993: 2,381,899,238 US$1994: 2,500,958,277 US$1995: 2,556,348,055 US$1996: 2,528,407,325 US$1997: 2,450,397,711 US$1998: 2,529,802,081 US$1999: 2,526,665,895 US$2000: 2,477,537,976 US$2001: 2,476,280,807 US$2002: 2,607,722,167 US$2003: 2,762,599,394 US$2004: 2,775,888,430 US$2005: 2,672,234,286 US$2006: 2,762,438,310 US$2007: 2,868,829,766 US$2008: 2,865,716,564 US$2009: 2,943,660,875 US$2010: 2,934,384,056 US$2011: 2,940,364,940 US$2012: 2,940,422,479 US$2013: 2,938,896,763 US$2014: 2,837,118,512 US$2015: 2,770,590,307 US$2016: 2,744,666,128 US$2017: 2,838,649,115 US$2018: 5,313,257,658 US$2019: 5,374,181,112 US$2020: 4,591,822,810 US$2021: 4,142,587,646 US$2022: 4,095,256,884 US$2023: 3,093,994,160 US$2024: 1,799,443,761 US$
Change over the period: +1.73B (+2,357.58%) Average annual rate: 6.11 %

Comparison, 2024

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

Somalia 1.8B US$
Sub-Saharan Africa computed 903B US$
Eastern Africa computed 300B US$
Low-income countries computed 243B US$
External debt — Somalia, by year Somalia All countries CSV XLSX
Year US$ Change Change, %
2024 1.8B −1.29B −41.84%
2023 3.09B −1B −24.45%
2022 4.1B −47.33M −1.14%
2021 4.14B −449M −9.78%
2020 4.59B −782M −14.56%
2019 5.37B +60.92M +1.15%
2018 5.31B +2.47B +87.18%
2017 2.84B +93.98M +3.42%
2016 2.74B −25.92M −0.94%
2015 2.77B −66.53M −2.34%
2014 2.84B −102M −3.46%
2013 2.94B −1.53M −0.05%
2012 2.94B +57,539 +0%
2011 2.94B +5.98M +0.2%
2010 2.93B −9.28M −0.32%
2009 2.94B +77.94M +2.72%
2008 2.87B −3.11M −0.11%
2007 2.87B +106M +3.85%
2006 2.76B +90.2M +3.38%
2005 2.67B −104M −3.73%
2004 2.78B +13.29M +0.48%
2003 2.76B +155M +5.94%
2002 2.61B +131M +5.31%
2001 2.48B −1.26M −0.05%
2000 2.48B −49.13M −1.94%
1999 2.53B −3.14M −0.12%
1998 2.53B +79.4M +3.24%
1997 2.45B −78.01M −3.09%
1996 2.53B −27.94M −1.09%
1995 2.56B +55.39M +2.21%
1994 2.5B +119M +5%
1993 2.38B +53.62M +2.3%
1992 2.33B +3.01M +0.13%
1991 2.33B +80.67M +3.59%
1990 2.24B +214M +10.52%
1989 2.03B +83.57M +4.29%
1988 1.95B +68.96M +3.67%
1987 1.88B +169M +9.91%
1986 1.71B +157M +10.15%
1985 1.55B +138M +9.79%
1984 1.41B +111M +8.55%
1983 1.3B +189M +17%
1982 1.11B +169M +17.93%
1981 944M +406M +75.44%
1980 538M +76.8M +16.66%
1979 461M +50.2M +12.22%
1978 411M +92.13M +28.91%
1977 319M +76.43M +31.55%
1976 242M +56.96M +30.74%
1975 185M +31.49M +20.48%
1974 154M +34.97M +29.43%
1973 119M +22.58M +23.47%
1972 96.23M +16.52M +20.73%
1971 79.71M +6.49M +8.86%
1970 73.22M

About the indicator

Total external debt: the liabilities of a country's residents to non-residents in foreign and in national currency, covering public, publicly guaranteed and private debt. It differs from government debt fundamentally — it includes the borrowing of banks and corporations that the government does not guarantee but that turns out to be its problem in a crisis all the same.

Important: Only middle- and low-income countries report to the World Bank Debtor Reporting System, so the table holds about 130 of them. Aggregates for country groups are not computed: the sum over those present is the debt of developing countries, not of the world.

Source: World Development Indicators (World Bank), license CC BY 4.0.