Somalia, Fed. Rep. - Current Account Balance 2024
-9.19%
−0.28% from 2023
Somalia, Fed. Rep.'s current account balance was -9.19% in 2024, decreased +0.28% from -8.91% in 2023. This was the 26th highest globally.
Global Ranking - 2024▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Timor-Leste | -31.49% | -269.3% |
| 2nd | Kyrgyz Republic | -25.29% | 43.7% |
| 3rd | Dominica | -23.24% | 32.0% |
| 4th | Palau | -22.23% | 54.5% |
| 5th | West Bank and Gaza | -21.14% | -62.5% |
| 6th | Bhutan | -20.01% | 45.9% |
| 7th | Grenada | -19.74% | -8.3% |
| 8th | Lebanon | -19.68% | 21.0% |
| 9th | Kiribati | -19.34% | -991.4% |
| 10th | Malawi | -18.78% | -8.3% |
| 11th | Maldives | -18.68% | 11.8% |
| 12th | Yemen, Republic of | -17.07% | -44.8% |
| 13th | Montenegro | -16.98% | -51.7% |
| 14th | Moldova | -16.55% | -46.0% |
| 15th | Vanuatu | -15.43% | -132.3% |
| 16th | Burundi | -15.41% | -4.2% |
| 17th | St. Kitts and Nevis | -15.08% | -30.5% |
| 18th | South Sudan | -13.92% | 24.5% |
| 19th | St. Vincent and the Grenadines | -13.53% | 19.9% |
| 20th | Rwanda | -12.68% | -10.3% |
| 21st | Senegal | -12.46% | 37.0% |
| 22nd | Mozambique | -10.96% | -0.3% |
| 23rd | Liberia | -10.91% | 56.7% |
| 24th | Mongolia | -10.45% | -1,849.6% |
| 25th | Mauritania | -9.53% | -9.2% |
| 26th | Somalia, Fed. Rep. | -9.19% | -3.1% |
| 27th | Central African Republic | -9.08% | -3.0% |
| 28th | Kosovo | -8.33% | -15.9% |
| 29th | Antigua and Barbuda | -8.22% | 39.2% |
| 30th | Guinea-Bissau | -8.19% | 4.7% |
| 31st | Cyprus | -8.16% | 28.1% |
| 32nd | Romania | -8.16% | -23.1% |
| 33rd | Seychelles | -8.11% | -25.3% |
| 34th | Uganda | -7.96% | -5.4% |
| 35th | Ukraine | -7.94% | -50.4% |
| 36th | Fiji | -7.81% | -17.9% |
| 37th | Greece | -7.11% | -6.1% |
| 38th | Mauritius | -7.03% | -36.7% |
| 39th | Tonga | -6.72% | -13.4% |
| 40th | Bahamas, The | -6.65% | 5.0% |
| 41st | Benin | -6.60% | 19.3% |
| 42nd | Niger | -5.99% | 56.8% |
| 43rd | Jordan | -5.86% | -63.8% |
| 44th | Egypt, Arab Republic of | -5.72% | -378.3% |
| 45th | Burkina Faso | -5.70% | -12.8% |
| 46th | Madagascar | -5.35% | -32.0% |
| 47th | Georgia | -5.22% | 5.9% |
| 48th | Uzbekistan | -4.97% | 34.6% |
| 49th | New Zealand | -4.65% | 32.8% |
| 50th | Mali | -4.64% | 38.9% |
| 51st | Slovak Republic | -4.61% | -176.0% |
| 52nd | Armenia | -4.60% | -66.1% |
| 53rd | Serbia | -4.56% | -94.3% |
| 54th | Barbados | -4.47% | 49.1% |
| 55th | Honduras | -4.45% | -14.6% |
| 56th | Botswana | -4.23% | -384.4% |
| 57th | Solomon Islands | -4.18% | 59.7% |
| 58th | Libya | -4.18% | -122.9% |
| 59th | Côte d'Ivoire | -4.17% | 48.9% |
| 60th | Gambia, The | -4.15% | 26.4% |
| 61st | United States | -4.12% | -23.5% |
| 62nd | Philippines | -3.96% | -39.6% |
| 63rd | Sierra Leone | -3.84% | 59.4% |
| 64th | Congo, Democratic Republic of | -3.83% | 38.2% |
| 65th | Bosnia and Herzegovina | -3.47% | -49.7% |
| 66th | Paraguay | -3.44% | -738.1% |
| 67th | Dominican Republic | -3.35% | 8.3% |
| 68th | Sudan | -3.27% | 12.8% |
| 69th | Equatorial Guinea | -3.26% | 6.6% |
| 70th | Togo | -3.18% | 21.0% |
| 71st | Cameroon | -3.15% | 23.1% |
| 72nd | Brazil | -3.03% | -137.4% |
| 73rd | Tanzania | -3.02% | 20.1% |
| 74th | Kazakhstan | -2.72% | 24.5% |
| 75th | Iceland | -2.61% | -153.4% |
| 76th | Bolivia, Plurinational State of | -2.56% | -1.8% |
| 77th | Belarus | -2.56% | -41.7% |
| 78th | St. Lucia | -2.52% | -58.3% |
| 79th | Albania | -2.40% | -99.0% |
| 80th | United Kingdom | -2.19% | 37.6% |
| 81st | Comoros | -2.16% | -43.7% |
| 82nd | North Macedonia | -2.10% | -651.2% |
| 83rd | Australia | -1.98% | -760.0% |
| 84th | Zambia | -1.93% | 36.6% |
| 85th | El Salvador | -1.79% | -64.5% |
| 86th | Colombia | -1.64% | 27.3% |
| 87th | Belize | -1.61% | -148.5% |
| 88th | Latvia | -1.57% | 59.0% |
| 89th | Guinea | -1.57% | 83.9% |
| 90th | Bulgaria | -1.54% | -71.8% |
| 91st | Tunisia | -1.51% | 43.9% |
| 92nd | Chile | -1.47% | 53.0% |
| 93rd | Saudi Arabia | -1.31% | -145.5% |
| 94th | Costa Rica | -1.31% | 8.5% |
| 95th | Kenya | -1.29% | 64.3% |
| 96th | Estonia | -1.26% | -0.9% |
| 97th | Morocco | -1.16% | -11.0% |
| 98th | Croatia | -1.13% | -374.5% |
| 99th | Myanmar | -1.08% | 43.3% |
| 100th | Algeria | -1.02% | -142.4% |
| 101st | Mexico | -0.90% | -28.8% |
| 102nd | India | -0.82% | -15.0% |
| 103rd | Uruguay | -0.78% | 77.0% |
| 104th | Türkiye | -0.75% | 79.1% |
| 105th | Finland | -0.67% | 18.8% |
| 106th | South Africa | -0.64% | 40.8% |
| 107th | Indonesia | -0.62% | -319.3% |
| 108th | Haiti | -0.58% | 83.5% |
| 109th | Canada | -0.46% | 26.4% |
| 110th | Belgium | -0.38% | 44.9% |
| 111th | Namibia | -0.01% | 99.9% |
| 112th | Congo, Republic of | 0.08% | -98.4% |
| 113th | France | 0.09% | 108.2% |
| 114th | Pakistan | 0.13% | 113.7% |
| 115th | Suriname | 0.21% | -95.1% |
| 116th | Poland | 0.30% | -82.8% |
| 117th | Bangladesh | 0.32% | 112.4% |
| 118th | Cambodia | 0.49% | -62.4% |
| 119th | Argentina | 0.89% | 127.9% |
| 120th | Chad | 1.05% | -34.2% |
| 121st | Italy | 1.08% | 684.4% |
| 122nd | Micronesia, Federated States of | 1.09% | -72.0% |
| 123rd | Zimbabwe | 1.21% | 296.9% |
| 124th | Sri Lanka | 1.22% | -58.5% |
| 125th | Austria | 1.53% | 14.2% |
| 126th | Hungary | 1.58% | 402.2% |
| 127th | Eswatini | 1.61% | -31.9% |
| 128th | Malaysia | 1.69% | 54.1% |
| 129th | Czechia | 1.74% | 1,669.8% |
| 130th | Panama | 1.93% | 162.7% |
| 131st | Ghana | 2.04% | 227.5% |
| 132nd | Portugal | 2.08% | 277.8% |
| 133rd | Thailand | 2.21% | 57.6% |
| 134th | Peru | 2.21% | 581.9% |
| 135th | China | 2.26% | 56.8% |
| 136th | Trinidad and Tobago | 2.52% | -78.6% |
| 137th | Israel | 2.86% | -8.1% |
| 138th | Oman | 2.86% | 24.8% |
| 139th | Guatemala | 2.89% | -6.2% |
| 140th | Russian Federation | 2.91% | 21.5% |
| 141st | Iraq | 2.99% | -60.3% |
| 142nd | Jamaica | 3.08% | 15.4% |
| 143rd | Spain | 3.18% | 16.5% |
| 144th | Iran, Islamic Republic of | 3.20% | 57.1% |
| 145th | Lao PDR | 3.22% | 19.5% |
| 146th | Lithuania | 3.27% | 197.2% |
| 147th | Cabo Verde | 3.91% | 246.2% |
| 148th | Nepal | 3.91% | 545.1% |
| 149th | Lesotho | 3.93% | 568.2% |
| 150th | Gabon | 3.96% | -50.8% |
| 151st | Nicaragua | 4.15% | -49.5% |
| 152nd | Turkmenistan | 4.39% | -25.8% |
| 153rd | Luxembourg | 4.40% | -20.2% |
| 154th | Slovenia | 4.55% | -4.2% |
| 155th | Japan | 4.82% | 30.1% |
| 156th | Bahrain | 4.84% | -17.1% |
| 157th | São Tomé and Principe | 5.05% | 141.1% |
| 158th | Korea | 5.28% | 196.9% |
| 159th | Samoa | 5.58% | 287.9% |
| 160th | Ecuador | 5.66% | 191.8% |
| 161st | Germany | 5.77% | 4.6% |
| 162nd | Viet Nam | 5.89% | -7.6% |
| 163rd | Sweden | 5.92% | 1.9% |
| 164th | Nauru | 5.98% | 374.6% |
| 165th | Tajikistan | 6.24% | 30.5% |
| 166th | Angola | 6.25% | 67.9% |
| 167th | Azerbaijan | 6.29% | -45.3% |
| 168th | Nigeria | 6.82% | 417.8% |
| 169th | Malta | 7.12% | 13.2% |
| 170th | Tuvalu | 7.28% | -81.8% |
| 171st | Switzerland | 7.69% | 31.4% |
| 172nd | Netherlands | 9.13% | -3.1% |
| 173rd | Aruba | 9.53% | 70.9% |
| 174th | Denmark | 12.28% | 11.6% |
| 175th | Hong Kong SAR, China | 12.92% | 51.9% |
| 176th | Marshall Islands | 13.97% | -17.0% |
| 177th | United Arab Emirates | 14.48% | 10.4% |
| 178th | Brunei Darussalam | 14.53% | 12.9% |
| 179th | Liechtenstein | 14.65% | -5.6% |
| 180th | Djibouti | 14.69% | -18.7% |
| 181st | Norway | 14.82% | -14.8% |
| 182nd | Papua New Guinea | 14.99% | 64.6% |
| 183rd | Andorra | 16.06% | 13.0% |
| 184th | Guyana | 16.44% | 65.6% |
| 185th | Qatar | 17.29% | 1.0% |
| 186th | Ireland | 17.40% | 147.3% |
| 187th | Singapore | 17.54% | -0.8% |
| 188th | San Marino | 18.32% | -16.7% |
| 189th | Kuwait | 29.15% | -6.2% |
| 190th | Macao SAR, China | 36.29% | 15.6% |
FAQ
What was Somalia, Fed. Rep.'s current account balance in 2024?▾
Somalia, Fed. Rep.'s current account balance in 2024 was -9.19%. This ranked 26th globally.
How did Somalia, Fed. Rep.'s current account balance change in 2024?▾
Somalia, Fed. Rep.'s current account balance decreased by 3.1% in 2024 compared to 2023.
Which country had the highest current account balance in 2024?▾
Macao SAR, China had the highest current account balance in 2024 at 36.29%.
What is the current account balance of Somalia, Fed. Rep. in 2024?▾
The current account balance of Somalia, Fed. Rep. in 2024 was -9.19%. This ranked 26th globally.
How does 2024 compare to 2023 for Somalia, Fed. Rep.'s current account balance?▾
Somalia, Fed. Rep.'s current account balance went from -8.91% in 2023 to -9.19% in 2024, a 3.1% decrease.
Related
2023
2025
All years
Full ranking 2024
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