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Somalia - business -- Review
The heading BUSINESS maintains two catalogues - a
catalogue of economic data and a catalogue of the somalian exports over the past couple of years.
Somalia - business -- Economic Data
Given the lack of central government, these statistics should be viewed as best estimates
| GDP |
$4.809 billion (2005 est.) |
| GDP - real growth rate |
2.4% (2005 est.) |
| GDP - per capita |
$600 (2005 est.) |
| agriculture |
65%
|
| industry |
10% |
| services |
25% (2000 est.) |
| Inflation rate (consumer prices): |
note - businesses print their own money, so inflation rates cannot be sensibly determined (2003 est.) |
| Labor force |
3.7 million (very few are skilled laborers)(1993 est.) |
| Labor force - by occupation |
agriculture (mostly pastoral nomadism) 71%, industry and services 29% |
| Industries |
a few light industries, including sugar refining, textiles, petroleum refining (mostly shut down), wireless communication |
| Electricity |
235.6 GWh (2003) |
Electricity - production by source:
|
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998) |
| Electricity - consumption |
219.1 GWh (2003) |
| Agriculture - products |
bananas, sorghum, maize, rice, sugar cane, mangoes, coconuts, sesame seeds, beans; cattle, camel, sheep, goats; fish |
| Exports |
$79 million f.o.b. (2002 est.) according to CIA
, $265 million according to IMF |
| Exports - commodities |
livestock, bananas, hides, fish, charcoal, scrap metal |
| Exports - partners |
UAE 37.2%, Yemen 22.3%, Oman 10.1%, China 6%, Kuwait 4.4%, Nigeria 4% (2003) |
| Imports |
$344 million f.o.b. (2002 est.) |
| Imports - commodities |
manufactures, petroleum products, foodstuffs, construction materials, khat |
| Imports - partners |
Djibouti 33.9%, Kenya 15.5%, Brazil 6.6%, UAE 5.1%, Thailand 4.2% (2003) |
| Debt - external |
$2.6 billion (2000 est.) |
| Economic aid - recipient |
$60 million (1999 est.) |
Exports
Somalia - business -- Exports
Export of goods
| Year |
Exports |
Rank |
Percent Change |
| 2003 |
$126,000,000 |
178 |
|
| 2004 |
$79,000,000 |
186 |
-37.30 % |
| 2005 |
$79,000,000 |
184 |
0.00 % |
| 2006 |
$241,000,000 |
174 |
205.06 % |
| 2007 |
$241,000,000 |
173 |
0.00 % |
| 2008 |
$300,000,000 |
173 |
24.48 % |
| 2009 |
$300,000,000 |
173 |
0.00 % |
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