Somalia, Fed. Rep. Deposit Rate
Deposit interest rate FR.INR.DPST
Somalia, Fed. Rep.'s deposit rate was 25.00% in 1989, ranked 59th globally. This represents a 21.2% increase from 1988. Data from World Bank, covering 1969–1989.
Overview
Somalia, Fed. Rep.'s deposit rate stood at 25.00% in 1989, a rise of +4.38pp from 1988. Somalia, Fed. Rep. ranked 59th globally.
Somalia's deposit rate has experienced significant fluctuations over the past two decades, with a notable peak in 1989 at 25.00%, ranking 59th globally. This high rate was a reflection of the country's economic conditions at the time, with a reliance on informal markets and limited banking infrastructure. In contrast, the lowest deposit rate on record occurred in 1972, at a mere 2.00%, highlighting the country's economic fragility during that period. When compared to its peer countries, Somalia's deposit rate has been relatively low, with Bolivia's rate being 23.67% in the same year. The latest deposit rate of 25.00% in 1989 suggests a continuation of the country's high-interest environment. However, a significant shift in the country's economic policies or a stabilization of the financial sector would be required to alter this trajectory and potentially decrease the deposit rate.
Data & projection
| Year | Deposit Rate | YoY change | Rank |
|---|---|---|---|
| 1989 | 25.00% | +4.38pp | #59 |
| 1988 | 20.63% | +4.38pp | #56 |
| 1987 | 16.25% | +0.94pp | #54 |
| 1986 | 15.31% | +1.31pp | #48 |
| 1985 | 14.00% | +5.50pp | #46 |
| 1984 | 8.50% | +0.00pp | #25 |
| 1983 | 8.50% | +1.00pp | #26 |
| 1982 | 7.50% | +2.00pp | #18 |
| 1981 | 5.50% | +1.00pp | #9 |
| 1980 | 4.50% | +0.46pp | #6 |
| 1979 | 4.04% | +0.04pp | #4 |
| 1978 | 4.00% | +0.00pp | #3 |
| 1977 | 4.00% | +0.00pp | #4 |
| 1976 | 4.00% | +0.00pp | #5 |
| 1975 | 4.00% | +1.50pp | #4 |
Analysis
Somalia, Fed. Rep.'s deposit rate was 25.00% in 1989, a rise of +4.38pp from 1988.
Frequently Asked Questions
Somalia, Fed. Rep.'s deposit rate was 25.00% in 1989. Ranked 59th globally. This represents a 21.2% increase from the previous year.
Somalia, Fed. Rep.'s deposit rate peaked at 25.00% in 1989.
The lowest deposit rate in Somalia, Fed. Rep. was 2.00% in 1969.
Somalia, Fed. Rep. ranks 59th globally in deposit rate as of 1989.
The World Bank indicator code is FR.INR.DPST. Data sourced from World Bank.
The deposit rate of Somalia, Fed. Rep. in 1989 was 25.00%. This ranks 59th in the world.
Cite this page
@misc{historysaid_somalia-fed-rep_deposit-rate,
title = {Somalia, Fed. Rep. Deposit Rate},
url = {https://historysaid.com/somalia-fed-rep/deposit-rate/},
publisher = {HistorySaid},
year = {2026}
}