Somalia, Fed. Rep. Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Somalia, Fed. Rep.'s budget deficit was -0.24% in 2025, ranked 35th globally. This represents a 246.1% decrease from 2024. Data from IMF WEO, covering 2013–2025.
Overview
Somalia, Fed. Rep.'s budget deficit stood at -0.24% in 2025, a decline of +0.41% from 2024. The IMF projects -0.24% by 2025. Somalia, Fed. Rep. ranked 35th globally.
Somalia's federal republic has experienced significant fluctuations in its budget deficit over the past 13 years. The country's budget deficit reached its all-time peak of 0.46 in 2016, a year marked by a severe famine and ongoing conflict. Conversely, Somalia's deficit hit its all-time trough of -0.88 in 2021, indicating a rare instance of budget surplus. However, in recent years, Somalia's budget deficit has trended downwards, with the latest value standing at -0.24 in 2025, ranking 35th globally. This improvement is comparable to that observed in peer countries such as Qatar, which has maintained a relatively stable deficit of -0.32 over the same period. Greece, on the other hand, has managed to reduce its deficit to a mere -0.01, a testament to its more stable economic environment. A sustained period of economic growth and stability would likely continue to reduce Somalia's budget deficit, potentially leading to a more balanced fiscal policy in the years to come.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -1.99% | - | - |
| 2029* IMF | -1.99% | - | - |
| 2028* IMF | -1.21% | - | - |
| 2027* IMF | -0.74% | - | - |
| 2026* IMF | -1.17% | - | - |
| 2025* IMF | -0.24% | - | - |
| 2025 | -0.24% | −0.41% | #35 |
| 2024 | 0.17% | +0.12% | #152 |
| 2023 | 0.05% | +0.02% | #151 |
| 2022 | 0.02% | +0.91% | #145 |
| 2021 | -0.88% | −1.17% | #153 |
| 2020 | 0.29% | +0.01% | #178 |
| 2019 | 0.28% | +0.25% | #140 |
| 2018 | 0.03% | −0.34% | #131 |
| 2017 | 0.37% | −0.09% | #155 |
| 2016 | 0.46% | +0.22% | #162 |
| 2015 | 0.24% | +0.30% | #167 |
| 2014 | -0.06% | +0.06% | #150 |
| 2013 | -0.11% | – | #152 |
Analysis
Somalia, Fed. Rep.'s budget deficit was -0.24% in 2025, a decline of −0.41% from 2024. IMF projects -0.24% by 2025.
Frequently Asked Questions
Somalia, Fed. Rep.'s budget deficit was -0.24% in 2025. Ranked 35th globally. This represents a 246.1% decrease from the previous year.
Somalia, Fed. Rep.'s budget deficit peaked at 0.46% in 2016.
The lowest budget deficit in Somalia, Fed. Rep. was -0.88% in 2021.
Somalia, Fed. Rep. ranks 35th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Somalia, Fed. Rep.'s budget deficit is projected to reach -0.24% by 2025 based on IMF projection.
The budget deficit of Somalia, Fed. Rep. in 2025 was -0.24%. This ranks 35th in the world.
Cite this page
@misc{historysaid_somalia-fed-rep_budget-deficit,
title = {Somalia, Fed. Rep. Budget Deficit},
url = {https://historysaid.com/somalia-fed-rep/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}