Somalia, Fed. Rep. Foreign Reserves
Total reserves including gold FI.RES.TOTL.CD
Somalia, Fed. Rep.'s foreign reserves was $23.1M in 1989, ranked 120th globally. This represents a 0.3% decrease from 1988. Data from World Bank, covering 1960–1989.
Overview
Somalia, Fed. Rep.'s foreign reserves stood at $23.1M in 1989, a decline of +$77,842 from 1988. Somalia, Fed. Rep. ranked 120th globally.
Somalia's foreign reserves have fluctuated significantly over the past three decades, with a stark contrast between the all-time peak in 1978, when reserves reached 129,691,117.97, and the all-time trough in 1968, at 6,750,000.00. The country's performance in this area has been surpassed by several of its peers, including Maldives which reached 24,766,283.28 in 1989, the same year Somalia's reserves stood at 23,109,678.98, ranking 120 globally. This ranking suggests that Somalia's foreign reserves have not kept pace with those of its regional counterparts. The recent value of 23,109,678.98 indicates a relatively stable period, but a sustained increase in reserves would require significant improvements in the country's trade balance, foreign investment, or other sources of foreign exchange. A further decline in foreign reserves could be triggered by a prolonged period of economic instability, conflict, or a decline in international aid and investment.
Data & projection
| Year | Foreign Reserves | YoY change | Rank |
|---|---|---|---|
| 1989 | $23.1M | −$77,842 | #120 |
| 1988 | $23.2M | +$6.6M | #120 |
| 1987 | $16.6M | −$3.7M | #125 |
| 1986 | $20.3M | +$11.5M | #121 |
| 1985 | $8.8M | +$1.8M | #123 |
| 1984 | $7.0M | −$9.5M | #122 |
| 1983 | $16.5M | +$1.2M | #109 |
| 1982 | $15.3M | −$23.0M | #108 |
| 1981 | $38.3M | +$12.5M | #101 |
| 1980 | $25.7M | −$25.6M | #107 |
| 1979 | $51.4M | −$78.3M | #101 |
| 1978 | $129.7M | +$7.9M | #85 |
| 1977 | $121.8M | +$36.5M | #82 |
| 1976 | $85.2M | +$16.5M | #86 |
| 1975 | $68.7M | +$25.9M | #85 |
Analysis
Somalia, Fed. Rep.'s foreign reserves was $23.1M in 1989, a decline of −$77,842 from 1988.
Frequently Asked Questions
Somalia, Fed. Rep.'s foreign reserves was $23.1M in 1989. Ranked 120th globally. This represents a 0.3% decrease from the previous year.
Somalia, Fed. Rep.'s foreign reserves peaked at $129.7M in 1978.
The lowest foreign reserves in Somalia, Fed. Rep. was $6.8M in 1968.
Somalia, Fed. Rep. ranks 120th globally in foreign reserves as of 1989.
The World Bank indicator code is FI.RES.TOTL.CD. Data sourced from World Bank.
Somalia, Fed. Rep.'s foreign reserves was approximately 23.11 million ($23.1M) in 1989.
The foreign reserves of Somalia, Fed. Rep. in 1989 was $23.1M. This ranks 120th in the world.
Cite this page
@misc{historysaid_somalia-fed-rep_reserves,
title = {Somalia, Fed. Rep. Foreign Reserves},
url = {https://historysaid.com/somalia-fed-rep/reserves/},
publisher = {HistorySaid},
year = {2026}
}