Somalia, Fed. Rep. Credit to GDP

Somalia's credit to GDP ratio has experienced significant fluctuations over the years. At its peak in 1974, the country's credit to GDP reached 25.41, a stark contrast to the current stagnant value of 0.00 as of 2025, ranking it 158 globally. This precipitous decline is comparable to that of peer country Equatorial Guinea, which has struggled to maintain a similar level of credit activity. The earliest recorded value in 1960 stood at 2.42, demonstrating a substantial increase in credit availability in the preceding decades. However, the subsequent economic instability and collapse of institutions led to a drastic reduction in credit activity, culminating in the current value of 0.00. The country's reliance on informal credit and cash transactions has further exacerbated this trend. A potential shift towards more formal financial systems and improved institutional stability could alter this trajectory, allowing Somalia to rebuild its credit infrastructure and potentially increase its credit to GDP ratio in the future.