Somalia Current Account Balance

Factbook > Countries > Somalia > Economy

Current Account Balance: -$464 million (2017 est.)

-$427 million (2016 est.)

Definition: This entry records a country's net trade in goods and services, plus net earnings from rents, interest, profits, and dividends, and net transfer payments (such as pension funds and worker remittances) to and from the rest of the world during the period specified. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.

Source: CIA World Factbook - This page was last updated on Saturday, September 18, 2021

See Also

Related Data From the International Monetary Fund

Variable: Current account balance

Note: Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

Units: U.S. dollars

Scale: Billions

Country-specific Note: Source: Central Bank Latest actual data: 2016 BOP Manual used: BPM 5 Primary domestic currency: Somali shilling Data last updated: 02/2019

Source: International Monetary Fund, World Economic Outlook Database, April 2019

YearCurrent account balancePercent Change

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