Somalia: Reserves

* indicates monthly or quarterly data series
 Somalia

Foreign exchange reserves including gold, billion USD

 Latest value 0.02
 Year 1989
 Measure billion U.S. dollars
 Data availability 1960 - 1989
 Average 0.03
 Min - Max 0.01 - 0.13
 Source The World Bank
The latest value from 1989 is 0.02 billion U.S. dollars, unchanged from 0.02 billion U.S. dollars in 1988. In comparison, the world average is 7.76 billion U.S. dollars, based on data from 136 countries. Historically, the average for Somalia from 1960 to 1989 is 0.03 billion U.S. dollars. The minimum value, 0.01 billion U.S. dollars, was reached in 1960 while the maximum of 0.13 billion U.S. dollars was recorded in 1978. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Somalia - Reserves - Recent values chart

Historical series
Somalia - Reserves - historical chart - 1960-1989




The reserves of Somalia and other countries include their holdings of foreign currencies and gold. These are the reserves of the central bank and the treasury of the country, not the private sector.

When countries export products or attract investment from other countries, they receive foreign currencies. They use some of these currencies to buy imports and to invest in other countries. The rest is held in reserves and some of the reserves may be converted to gold.
Definition: Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. Data are in current U.S. dollars.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Terms of trade 121.58 2021 percent
 Trade openness 94.58 2023 percent
 Financial openness -1.931 2007 index points
 Exports, percent of GDP 17.89 2023 percent
 Exports, billion dollars 2.09 2023 billion U.S. dollars
 Growth of exports 5.95 2023 percent
 Imports, percent of GDP 76.69 2023 percent
 Imports, billion dollars 8.96 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 5.79 2023 percent
 Foreign Direct Investment, billion dollars 0.64 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 1989 million dollars (current)
 Current account, percent of GDP -12.40 2023 percent
 Trade balance, percent of GDP -58.79 2023 percent
 Reserves 0.02 1989 billion U.S. dollars
 Remittances, percent of GDP 14.85 2023 percent
 Remittances 1,735.00 2023 million U.S. dollars
 External debt 40.14 2022 percent
 Short-term external debt 28.30 2022 percent
 Short-term debt to reserves 842.53 1989 percent
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