Somalia - Broad money (% of GDP)

Broad money (% of GDP) in Somalia was 28.24 as of 1989. Its highest value over the past 29 years was 31.26 in 1979, while its lowest value was 8.30 in 1960.

Definition: Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1960 8.30
1961 12.31
1962 12.86
1963 14.39
1964 13.67
1965 12.61
1966 12.64
1967 13.80
1968 14.74
1969 15.26
1970 20.61
1971 16.57
1972 17.79
1973 19.10
1974 26.60
1975 22.46
1976 23.61
1977 22.45
1978 25.02
1979 31.26
1980 19.46
1981 20.05
1982 17.58
1983 15.69
1984 11.13
1985 14.38
1986 13.96
1987 22.75
1988 21.17
1989 28.24

Aggregation method: Weighted average

Periodicity: Annual

General Comments: The derivation of this indicator was simplified in September 2012 to be current-year broad money divided by current-year GDP times 100.

Classification

Topic: Financial Sector Indicators

Sub-Topic: Monetary holdings (liabilities)