Somalia, Fed. Rep.: Net domestic credit (current LCU)

Key figures

Over five years it is up 400.49% from 3.28 trillion in 2019 (38% a year on average, compounded). Since 1960 it is up 47.2 million% from 34.8 million in 1960 (22.65% a year on average, compounded). The World Bank has no value for 28 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2024, Somalia, Fed. Rep.'s net domestic credit (current LCU) rose 27% on 2023 (from 12.93 trillion to 16.43 trillion).

Across the 30 yearly changes before that (1965 to 2023), the average change was +38% and a typical year strayed about 64.5% from that (the standard deviation). This year's change was 0.2 standard deviations below 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 314.4% in 2020 and the biggest yearly fall was 30.2% in 2023. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

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 7th highest value of the 40 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.

Closest to Somalia, Fed. Rep. in the 2024 ranking

• Hungary — 4th of 40: 47.75 trillion
• Mongolia — 5th of 40: 36.24 trillion
• Madagascar — 6th of 40: 17.77 trillion
• Sweden — 8th of 40: 10.22 trillion
• Malawi — 9th of 40: 7.84 trillion
• Czechia — 10th of 40: 5.5 trillion

What this measures

Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

All 37 values

Net domestic credit (current LCU) in nearby economies

• Angola — 17.9 trillion (2025)
• Benin — 3.35 trillion (2025)
• Botswana — 119.01 billion (2025)
• Burkina Faso — 5.09 trillion (2025)
• Burundi — 2.81 trillion (2019)
• Cabo Verde — 195.38 billion (2025)
• Cameroon — 4.4 trillion (2019)
• Central African Republic — 318.11 billion (2016)
• Chad — 1.49 trillion (2016)
• Comoros — 157.23 billion (2024)
• Congo, Dem. Rep.

More financial sector data for Somalia, Fed. Rep.

• GDP deflator (base year varies by country) — 127.92 (2025)
• DEC alternative conversion factor (LCU per US$) — US$30,104 (2025)
• Inflation, GDP deflator (annual % growth) — 12.88% (2025)
• Official exchange rate (LCU per US$, period average) — US$23,098 (2017)
• Domestic credit to private sector by banks (% of GDP) — 5.43% (2024)
• Net foreign assets (current LCU) — 33.98 trillion (2024)
• Monetary sector credit to private sector (% of GDP) — 5.43% (2024)
• Claims on central government, etc. (% of GDP) — -0.85% (2024)
• Domestic credit to private sector (% of GDP)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Somalia, Fed. Rep.'s net domestic credit (current LCU)?

16.43 trillion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 47.2 million% from 34.8 million in 1960 (22.65% a year on average, compounded). The highest value was 18.53 trillion in 2022 and the lowest 34.8 million in 1960.

How does Somalia, Fed. Rep. rank?

7th highest of 40 economies with data for 2024.

Is the latest change in net domestic credit (current LCU) unusual for Somalia, Fed. Rep.?

In 2024, Somalia, Fed. Rep.'s net domestic credit (current LCU) rose 27% on 2023 (from 12.93 trillion to 16.43 trillion). Across the 30 yearly changes before that (1965 to 2023), the average change was +38% and a typical year strayed about 64.5% from that (the standard deviation). This year's change was 0.2 standard deviations below 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 FM.AST.DOMS.CN, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) 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.

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