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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


GDP by Industry 20125

Industry sectorValue added ($ millions) 2012Percent of total
Agriculture, hunting, forestry, fishing56460.2%
Other activities11712.4%
Wholesale, retail trade, restaurants and hotels10010.6%
Transport, storage and communication889.4%
Mining and utilities70.7%
Total value added938100%


Unemployment rate: 6.9% in 20136

Employment by Industry 19757

Employment sectorPercent of total
Industry and services29%


Top 10 Corporations by Revenue 20138



Household Wealth: N/A

Household Wealth per Adult: N/A

Gini Coefficient: N/A


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


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


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