Somalia - Current account balance

-1.3 (billion US dollars) in 2021

In 2021, current account balance for Somalia was -1.3 billion US dollars. Current account balance of Somalia fell gradually from -0.3 billion US dollars in 2015 to -1.3 billion US dollars in 2021.

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What is current account balance?

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.

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What is Somalia current account balance?