Somalia, Fed. Rep.'s external debt stocks, short-term (DOD, current US$) was US$752 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 7.04% from US$808.93 million in 2014 (0.73% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$752 million | 2024 |
| Five years earlier | US$3.11 billion | 2019 |
| Ten years earlier | US$808.93 million | 2014 |
| Highest | US$3.11 billion | 2019 |
| Lowest | US$60,000 | 1974 |
| Average since 2015 | US$1.39 billion | 2015–2024 |
| First recorded | US$60,000 |
What the numbers say
In 2024, Somalia, Fed. Rep.'s external debt stocks, short-term (DOD, current US$) rose 7.4% on 2023 (from US$700.05 million to US$752 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was +7.3% and a typical year strayed about 50.9% from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 1,227.7% in 1977 and the biggest yearly fall was 50.4% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 2% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Somalia, Fed. Rep. had the 63rd highest value of the 118 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Somalia, Fed. Rep. | US$752 million | 2024 |
| Low income | US$10.95 billion | 2024 |
Closest to Somalia, Fed. Rep. in the 2024 ranking
- Serbia — 59th of 118: US$1 billion
- Cameroon — 60th of 118: US$950.9 million
- Tajikistan — 61st of 118: US$871.16 million
- Iraq — 63rd of 118: US$726.17 million
- Congo, Rep. — 64th of 118: US$656.78 million
- Bolivia — 65th of 118: US$635.36 million
What this measures
Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 51 values
| Year | External debt stocks, short-term (DOD, current US$) |
|---|---|
| 2024 | 752,004,524 |
| 2023 | 700,053,546 |
| 2022 | 1,137,565,269 |
| 2021 | 1,179,110,582 |
| 2020 | 1,539,612,347 |
| 2019 | 3,106,323,689 |
| 2018 | 3,042,986,178 |
| 2017 | 827,958,681 |
| 2016 | 788,356,069 |
| 2015 | 792,802,434 |
External debt stocks, short-term (DOD, current US$) in nearby economies
- Angola — US$5.81 billion (2024)
- Benin — US$1.27 billion (2024)
- Botswana — US$144.67 million (2024)
- Burkina Faso — US$0 (2024)
- Burundi — US$2.65 million (2024)
- Cabo Verde — US$388.09 million (2024)
- Cameroon — US$950.9 million (2024)
- Central African Republic — US$126.47 million (2024)
- Chad — US$29.49 million (2024)
- Comoros
More economic policy & debt data for Somalia, Fed. Rep.
- GDP (current US$) — US$13 billion (2025)
- GDP (current LCU) — 391.2 trillion (2025)
- GDP (constant 2015 US$) — US$9.15 billion (2025)
- GDP (constant LCU) — 305.81 trillion (2025)
- GDP per capita (current US$) — US$661.17 (2025)
- GDP per capita (current LCU) — 19.9 million (2025)
- GDP per capita (constant 2015 US$) — US$465.44 (2025)
- GDP per capita (constant LCU) — 15.56 million (2025)
- GNI (current US$) — US$12.94 billion (2025)
- GNI (current LCU) — 389.67 trillion (2025)
- GNI per capita (current LCU)
Reading data like this
Questions people ask
- What is Somalia, Fed. Rep.'s external debt stocks, short-term (DOD, current US$)?
- US$752 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1974?
- It is up 1.25 million% from US$60,000 in 1974 (20.77% a year on average, compounded). The highest value was US$3.11 billion in 2019 and the lowest US$60,000 in 1974.
- How does Somalia, Fed. Rep. rank?
- 63rd highest of 118 economies with data for 2024.
- Is the latest change in external debt stocks, short-term (DOD, current US$) unusual for Somalia, Fed. Rep.?
- In 2024, Somalia, Fed. Rep.'s external debt stocks, short-term (DOD, current US$) rose 7.4% on 2023 (from US$700.05 million to US$752 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +7.3% and a typical year strayed about 50.9% from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator DT.DOD.DSTC.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in