Somalia: Short-term external debt

* indicates monthly or quarterly data series
 Somalia

Short-term debt, percent of total external debt

 Latest value 21.54
 Year 2023
 Measure percent
 Data availability 1970 - 2023
 Average 18.35
 Min - Max 0.00 - 57.80
 Source The World Bank
The latest value from 2023 is 21.54 percent, a decline from 27.68 percent in 2022. In comparison, the world average is 11.22 percent, based on data from 118 countries. Historically, the average for Somalia from 1970 to 2023 is 18.35 percent. The minimum value, 0 percent, was reached in 1970 while the maximum of 57.8 percent was recorded in 2019. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
Somalia - Short-term external debt - Recent values chart

Historical series
Somalia - Short-term external debt - historical chart - 1970-2023




Definition: Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.

Selected articles from our guide:

Are trade deficits bad for the economy?

Sources of economic growth

Currency values and investment returns

How to write an economics research paper

All articles



 Related indicators Latest Reference Measure
 Terms of trade 121.58 2021 percent
 Trade openness 92.69 2023 percent
 Financial openness -1.931 2007 index points
 Exports, percent of GDP 19.73 2023 percent
 Exports, billion dollars 2.16 2023 billion U.S. dollars
 Growth of exports 5.95 2023 percent
 Imports, percent of GDP 76.69 2023 percent
 Imports, billion dollars 8.00 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 5.79 2023 percent
 Foreign Direct Investment, billion dollars -0.04 1989 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 21.54 2023 percent
 Short-term debt to reserves 842.53 1989 percent
This site uses cookies.
Learn more here


OK