Deposit interest rate in Somalia
Somalia: Deposit interest rate was 25.0% in 1989. ◆ Volatile
Deposit interest rate in Somalia, 1969–1989
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for deposit interest rate in Somalia is 25.0%, measured in 1989. That is the highest value across all 21 years on record.
That represents a change of up 21.2% on the previous year and up 518.6% over ten years.
Over the whole period, deposit interest rate in Somalia peaked at 25.0% in 1989 and was at its lowest, 2.0%, in 1969.
Somalia ranks 3rd of 152 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.0% | 2.0% | 2.0% | 1 |
| 1970s | 3.1% | 2.0% | 4.0% | 10 |
| 1980s | 12.6% | 4.5% | 25.0% | 10 |
Countries ranked near Somalia
More financial sector data for Somalia
- Domestic credit to private sector 5.4% (2024)
- Net domestic credit 16.43 trillion current LCU (2024)
- Net foreign assets 33.98 trillion current LCU (2024)
- Domestic credit to private sector by banks 5.4% (2024)
- Monetary Sector credit to private sector 5.4% (2024)
- Claims on central government, etc. -0.9% (2024)
- Broad money 26.1% (1989)
- Official exchange rate 23,098 LCU per US$, period average (2017)
- Net migration 12,077 (2025)
- Broad money 157.99 billion current LCU (1989)
Frequently asked questions
- What is deposit interest rate in Somalia?
- Deposit interest rate in Somalia was 25.0% in 1989, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Somalia?
- The highest recorded value was 25.0% in 1989.
- What is the lowest deposit interest rate recorded in Somalia?
- The lowest recorded value was 2.0% in 1969.
- How does Somalia rank for deposit interest rate?
- Somalia ranks 3rd out of 152 countries with data for 1989.
- Is deposit interest rate rising or falling in Somalia?
- Over the last ten years it is up 518.6%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.