Somalia, Fed. Rep. - Current Account Balance 2023
-8.91%
−0.32% from 2022
Somalia, Fed. Rep.'s current account balance was -8.91% in 2023, decreased +0.32% from -8.59% in 2022. This was the 31st highest globally.
Global Ranking - 2023▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Palau | -48.51% | 1.3% |
| 2nd | Kyrgyz Republic | -44.92% | -7.2% |
| 3rd | Dominica | -33.92% | -25.8% |
| 4th | Bhutan | -31.97% | -8.2% |
| 5th | Lebanon | -28.10% | 6.3% |
| 6th | Liberia | -25.19% | -28.7% |
| 7th | Maldives | -21.14% | -30.0% |
| 8th | Afghanistan | -20.31% | -9.6% |
| 9th | Curaçao | -19.95% | 25.4% |
| 10th | Senegal | -19.78% | 1.2% |
| 11th | Burundi | -18.30% | -9.0% |
| 12th | Grenada | -18.22% | -50.2% |
| 13th | St. Vincent and the Grenadines | -16.83% | 18.2% |
| 14th | West Bank and Gaza | -16.22% | -52.7% |
| 15th | Malawi | -15.74% | 10.6% |
| 16th | Niger | -13.97% | 13.6% |
| 17th | Antigua and Barbuda | -13.51% | 13.5% |
| 18th | Solomon Islands | -11.83% | 13.6% |
| 19th | Yemen, Republic of | -11.79% | 22.1% |
| 20th | St. Kitts and Nevis | -11.59% | -1.7% |
| 21st | Rwanda | -11.49% | -22.7% |
| 22nd | Côte d'Ivoire | -11.40% | -50.2% |
| 23rd | Montenegro | -11.14% | 13.6% |
| 24th | Moldova | -11.06% | 35.3% |
| 25th | Mozambique | -10.55% | 71.0% |
| 26th | Cayman Islands | -9.84% | 12.5% |
| 27th | Cyprus | -9.70% | -39.9% |
| 28th | Sierra Leone | -9.45% | -48.8% |
| 29th | Timor-Leste | -9.26% | -172.8% |
| 30th | Mauritania | -9.01% | 39.5% |
| 31st | Somalia, Fed. Rep. | -8.91% | -3.7% |
| 32nd | Central African Republic | -8.82% | 30.1% |
| 33rd | Barbados | -8.78% | 11.2% |
| 34th | Benin | -8.18% | -43.8% |
| 35th | Tonga | -7.93% | -47.1% |
| 36th | Uzbekistan | -7.60% | -140.5% |
| 37th | Guinea-Bissau | -7.53% | 12.7% |
| 38th | Uganda | -7.43% | 13.6% |
| 39th | Kosovo | -7.18% | 23.8% |
| 40th | Lesotho | -7.16% | 49.0% |
| 41st | Seychelles | -7.07% | 6.1% |
| 42nd | Romania | -7.03% | 26.1% |
| 43rd | Bahamas, The | -7.00% | 21.1% |
| 44th | Sint Maarten (Dutch part) | -6.92% | -93.4% |
| 45th | Greece | -6.78% | 36.5% |
| 46th | Vanuatu | -6.64% | 62.3% |
| 47th | Fiji | -6.62% | 56.8% |
| 48th | Mali | -6.49% | 15.2% |
| 49th | New Zealand | -6.18% | 33.2% |
| 50th | Congo, Democratic Republic of | -5.56% | -13.6% |
| 51st | Georgia | -5.31% | -20.1% |
| 52nd | Ukraine | -5.28% | -207.2% |
| 53rd | Burkina Faso | -5.06% | 32.9% |
| 54th | Gambia, The | -5.04% | -19.3% |
| 55th | Mauritius | -4.95% | 55.4% |
| 56th | Cameroon | -4.14% | -22.1% |
| 57th | Madagascar | -4.06% | 24.4% |
| 58th | Togo | -4.03% | -15.5% |
| 59th | Honduras | -3.98% | 40.6% |
| 60th | Latvia | -3.89% | 28.9% |
| 61st | Sudan | -3.76% | 66.8% |
| 62nd | Tanzania | -3.75% | 49.3% |
| 63rd | Dominican Republic | -3.67% | 36.3% |
| 64th | Jordan | -3.58% | 55.9% |
| 65th | United Kingdom | -3.58% | -70.2% |
| 66th | Kazakhstan | -3.56% | -224.7% |
| 67th | Türkiye | -3.49% | 30.2% |
| 68th | Equatorial Guinea | -3.49% | -153.2% |
| 69th | Haiti | -3.44% | -38.6% |
| 70th | United States | -3.40% | 10.8% |
| 71st | Argentina | -3.20% | -410.4% |
| 72nd | Egypt, Arab Republic of | -3.17% | 8.9% |
| 73rd | Chile | -3.13% | 64.6% |
| 74th | Panama | -3.08% | -8,204.0% |
| 75th | Uruguay | -3.04% | 19.6% |
| 76th | Zambia | -3.04% | -181.1% |
| 77th | Slovak Republic | -3.02% | 68.6% |
| 78th | Philippines | -2.83% | 37.2% |
| 79th | Armenia | -2.77% | -475.4% |
| 80th | Cabo Verde | -2.77% | 21.8% |
| 81st | Kenya | -2.55% | 49.6% |
| 82nd | Serbia | -2.39% | 63.3% |
| 83rd | Tunisia | -2.30% | 74.4% |
| 84th | Colombia | -2.26% | 62.5% |
| 85th | Bolivia, Plurinational State of | -2.19% | -184.0% |
| 86th | Bosnia and Herzegovina | -2.14% | 51.3% |
| 87th | Myanmar | -1.91% | 34.3% |
| 88th | Comoros | -1.86% | -332.6% |
| 89th | Kiribati | -1.77% | 85.3% |
| 90th | Estonia | -1.74% | 44.0% |
| 91st | St. Lucia | -1.57% | 56.2% |
| 92nd | Costa Rica | -1.43% | 56.3% |
| 93rd | Belarus | -1.41% | -141.2% |
| 94th | Brazil | -1.24% | 42.8% |
| 95th | Albania | -1.20% | 79.5% |
| 96th | South Africa | -1.10% | -240.6% |
| 97th | El Salvador | -1.09% | 83.8% |
| 98th | Morocco | -1.05% | 70.5% |
| 99th | France | -1.04% | 26.3% |
| 100th | Iceland | -1.00% | 41.3% |
| 101st | Finland | -0.93% | 61.6% |
| 102nd | Ghana | -0.91% | 60.4% |
| 103rd | India | -0.88% | 56.1% |
| 104th | Bulgaria | -0.88% | 67.2% |
| 105th | Mexico | -0.70% | 45.7% |
| 106th | Belize | -0.65% | 92.2% |
| 107th | Canada | -0.63% | -108.3% |
| 108th | Paraguay | -0.34% | 95.1% |
| 109th | Pakistan | -0.31% | 93.4% |
| 110th | Australia | -0.23% | -158.1% |
| 111th | Indonesia | -0.15% | -114.9% |
| 112th | Czechia | -0.13% | 97.3% |
| 113th | Namibia | -0.02% | 99.9% |
| 114th | Hungary | 0.00% | 100.0% |
| 115th | Belgium | 0.18% | 113.9% |
| 116th | Italy | 0.22% | 113.0% |
| 117th | North Macedonia | 0.32% | 105.2% |
| 118th | Peru | 0.33% | 108.2% |
| 119th | Zimbabwe | 0.37% | -40.6% |
| 120th | Portugal | 0.55% | 127.3% |
| 121st | Mongolia | 0.60% | 104.4% |
| 122nd | Croatia | 0.74% | 121.4% |
| 123rd | Bangladesh | 1.00% | 125.4% |
| 124th | Lithuania | 1.10% | 118.1% |
| 125th | Nauru | 1.27% | -31.7% |
| 126th | Cambodia | 1.30% | 106.7% |
| 127th | Austria | 1.31% | 252.3% |
| 128th | Nigeria | 1.32% | 734.1% |
| 129th | China | 1.44% | -40.5% |
| 130th | Botswana | 1.49% | 350.1% |
| 131st | Poland | 1.54% | 167.2% |
| 132nd | Malaysia | 1.56% | -50.9% |
| 133rd | Chad | 1.59% | -74.9% |
| 134th | Thailand | 1.64% | 147.5% |
| 135th | Sri Lanka | 1.72% | 273.8% |
| 136th | Korea | 1.78% | 24.0% |
| 137th | Ecuador | 1.94% | 0.0% |
| 138th | Iran, Islamic Republic of | 2.04% | -42.2% |
| 139th | Saudi Arabia | 2.13% | -82.5% |
| 140th | Eswatini | 2.14% | 178.3% |
| 141st | Oman | 2.29% | -37.2% |
| 142nd | Russian Federation | 2.38% | -77.0% |
| 143rd | Nepal | 2.45% | 119.5% |
| 144th | Lao PDR | 2.55% | 184.2% |
| 145th | Algeria | 2.62% | -69.0% |
| 146th | Jamaica | 2.66% | 465.4% |
| 147th | Spain | 2.73% | 552.1% |
| 148th | São Tomé and Principe | 3.03% | 120.9% |
| 149th | Israel | 3.07% | 14.9% |
| 150th | Guatemala | 3.08% | 163.7% |
| 151st | Japan | 3.72% | 76.2% |
| 152nd | Samoa | 3.84% | 136.3% |
| 153rd | Micronesia, Federated States of | 3.87% | -56.6% |
| 154th | Angola | 3.91% | -52.7% |
| 155th | Libya | 4.24% | -81.7% |
| 156th | Suriname | 4.27% | 126.0% |
| 157th | Slovenia | 4.47% | 579.7% |
| 158th | Congo, Republic of | 4.74% | -72.2% |
| 159th | Tajikistan | 4.77% | -68.7% |
| 160th | Aruba | 5.07% | -22.2% |
| 161st | Germany | 5.51% | 44.6% |
| 162nd | Sweden | 5.81% | 46.2% |
| 163rd | Bahrain | 5.84% | -60.3% |
| 164th | Switzerland | 5.90% | -36.4% |
| 165th | Turkmenistan | 5.92% | -38.8% |
| 166th | Viet Nam | 5.95% | 1,643.4% |
| 167th | Malta | 6.30% | 921.5% |
| 168th | Luxembourg | 6.85% | 6.1% |
| 169th | Ireland | 7.89% | -10.0% |
| 170th | South Sudan | 7.93% | 200.1% |
| 171st | Gabon | 8.05% | -26.3% |
| 172nd | Nicaragua | 8.23% | 383.3% |
| 173rd | Guinea | 8.48% | 249.3% |
| 174th | Hong Kong SAR, China | 8.49% | -16.9% |
| 175th | Papua New Guinea | 9.07% | -37.2% |
| 176th | Netherlands | 9.41% | 38.9% |
| 177th | Iraq | 10.55% | -33.1% |
| 178th | Denmark | 11.10% | -0.6% |
| 179th | Azerbaijan | 11.50% | -61.4% |
| 180th | Trinidad and Tobago | 11.55% | -34.1% |
| 181st | Brunei Darussalam | 12.88% | -34.0% |
| 182nd | United Arab Emirates | 13.13% | 1.0% |
| 183rd | Guyana | 13.90% | -46.2% |
| 184th | Andorra | 14.22% | 22.1% |
| 185th | Bermuda | 15.39% | 6.8% |
| 186th | Liechtenstein | 15.52% | 8.3% |
| 187th | Qatar | 16.77% | -37.4% |
| 188th | Marshall Islands | 16.82% | 67.4% |
| 189th | Norway | 17.41% | -41.2% |
| 190th | Singapore | 17.69% | -4.0% |
| 191st | Djibouti | 18.50% | -2.4% |
| 192nd | San Marino | 21.99% | 61.7% |
| 193rd | Kuwait | 31.08% | -9.6% |
| 194th | Macao SAR, China | 31.38% | 125.7% |
| 195th | Tuvalu | 39.98% | 14,853.5% |
FAQ
What was Somalia, Fed. Rep.'s current account balance in 2023?▾
Somalia, Fed. Rep.'s current account balance in 2023 was -8.91%. This ranked 31st globally.
How did Somalia, Fed. Rep.'s current account balance change in 2023?▾
Somalia, Fed. Rep.'s current account balance decreased by 3.7% in 2023 compared to 2022.
Which country had the highest current account balance in 2023?▾
Tuvalu had the highest current account balance in 2023 at 39.98%.
What is the current account balance of Somalia, Fed. Rep. in 2023?▾
The current account balance of Somalia, Fed. Rep. in 2023 was -8.91%. This ranked 31st globally.
How does 2023 compare to 2022 for Somalia, Fed. Rep.'s current account balance?▾
Somalia, Fed. Rep.'s current account balance went from -8.59% in 2022 to -8.91% in 2023, a 3.7% decrease.
Related
2022
2024
All years
Full ranking 2023
Exports
Imports
Trade Balance
FDI Inflows
FDI Outflows
Peak: 2015
Lowest: 2019
Current Account Balance 1990s
Current Account Balance 2000s
Current Account Balance 2010s
Current Account Balance 2020s
Highest ever
Lowest ever
Average
vs Congo, Democratic Republic of
vs Niger
vs Sudan
vs Mozambique
Organisation of Islamic Cooperation Current Account Balance
African Union Current Account Balance
Global Ranking