ECON FACTBOOK

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Economy of Somalia

Population: 10.5 million in 2013¹

GDP: $2.37 billion in 2010²

GDP per capita: $600 PPP in 2010³

GDP growth rate: 2.6% in 2012⁴

Industries

GDP by Industry 2012⁵

Industry sector	Value added ($ millions) 2012	Percent of total
Agriculture, hunting, forestry, fishing	564	60.2%
Other activities	117	12.4%
Wholesale, retail trade, restaurants and hotels	100	10.6%
Transport, storage and communication	88	9.4%
Construction	39	4.2%
Manufacturing	23	2.5%
Mining and utilities	7	0.7%
Total value added	938	100%

Employment

Unemployment rate: 6.9% in 2013⁶

Employment by Industry 1975⁷

Employment sector	Percent of total
Agriculture	71%
Industry and services	29%
Total	100%

Corporations

Top 10 Corporations by Revenue 2013⁸

N/A

Households

Household Wealth: N/A

Household Wealth per Adult: N/A

Gini Coefficient: N/A

Government

Central Government

Central Government Revenue: N/A

Central Government Expenditure: N/A

Central Government Budget Balance: N/A

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds: N/A

Corporate Tax Rate: N/A

Monetary Policy

Money Supply (M0): N/A

Benchmark Interest Rate: N/A

Total Reserves: N/A

Exchange Rate: 695 Somali Shilling = 1 U.S. Dollar on Feb 22, 2015⁹

Inflation: N/A

Financial Institutions

Top 10 Financial Institutions by Assets 2013¹⁰

N/A (data not available at Relbanks.com)

International Accounts

Exports: $0.52 billion (19% of GDP) in 2013¹¹

Imports: $1.26 billion (46% of GDP) in 2013¹¹

Trade Balance: -$0.74 billion (-27% of GDP) in 2013¹¹

Foreign Direct Investment Inflow: $107 million (4% of GDP) in 2013¹²

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $999 million (37% of GDP) in 2012¹³

Foreign Aid Outflow: N/A

References

^{1. Source: World Bank Indicators (Population) Go back}
^{2. Source: CIA World Factbook (GDP) Go back}
^{3. Source: CIA World Factbook (GDP per capita PPP) Go back}
^{4. Source: World Bank Indicators (GDP growth rate) Go back}
^{5. Source: United Nations Statistics Division (GDP by industry) Go back}
^{6. Source: World Bank Indicators (Unemployment rate) Go back}
^{7. Source: CIA World Factbook (Employment by economic activity) Go back}
^{8. Source: Annual reports (Corporate data) Go back}
^{9. Source: xe.com (Exchange rate) Go back}
^{10. Source: Relbanks.com (Financial institutions by assets) Go back}
^{11. Source: CIA World Factbook (Trade data) Go back}
^{12. Source: World Bank Indicators (FDI data) Go back}
^{13. Source: World Bank Indicators (Aid data) Go back}