Somalia


Somalia Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Somalia; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank N/A
International Reserves N/A
Gross Domestic Product - GDP N/A
GDP (Purchasing Power Parity) N/A
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
N/A N/A N/A N/A N/A N/A N/A N/A
2009 2010 2011 2012*
N/A N/A N/A N/A

*Estimate

GDP per capita - current prices N/A
GDP per capita - PPP N/A
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
N/A N/A N/A N/A N/A

**Forecast

GDP - composition by sector
  • agriculture: 60.2% 
  • industry: 7.4% 
  • services: 32.5% (2008 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
N/A(2008) N/A N/A N/A

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
N/A N/A N/A N/A N/A

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
N/A N/A N/A N/A N/A

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Somalia N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance N/A(After 2008)
Current account balance by percentage of GDP N/A(2009)
Exports as percent of GDP

(Exports of goods and services)

N/A

(Data released on April 2012)

Shares in world total merchandising export N/A(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export N/A(2007)

(Data were released in 2012)

Total exports US$515.8 million (2010 estimate) 
Export commodities livestock, bananas, hides, fish, charcoal, scrap metal
Total imports US$1.263 billion (2010 estimate) 
Import commodities manufactures, petroleum products, foodstuffs, construction materials, qat
Exports - major partners UAE 50.7%, Yemen 19%, Oman 12.8% (2011)
Imports - major partners Djibouti 27.8%, India 13.7%, Kenya 7.3%, Pakistan 6.6%, China 6.4%, Oman 5%, UAE 4.9%, Yemen 4.5% (2011)
FDI inflows
2009 2010 2011
US$108 million US$112 million(2009) US$102 million(2009)
FDI outflows
2009 2010 2011
N/A N/A N/A
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) N/A
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: N/A(2009) (2013)

Subcategories:

Starting a business: N/A(2009)

Enforcing Contracts: N/A

Registering Property: N/A

Getting credit: N/A

Protecting investors: N/A

Trading across border: N/A

Paying Taxes: N/A

Dealing with Construction Permits: N/A

Getting Electricity: N/A

Resolving Insolvency: N/A

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
N/A

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

N/A (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+3
Total area 637,657 km2 (2006)
Capital Mogadishu (2009)
Currency Somali shillings (SOS) (2009)
Government type no permanent national government; transitional, parliamentary federal government (2009)
Languages Somali (official), Arabic, Italian, English
Religions Sunni Muslim
Total population
1980 1990 2000 2012* 2017**
N/A N/A N/A N/A N/A

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
17.3% 26.8% 33.2% 37.8%
Population median age 18 years (2010)
Population growth rate 2.4% (2011)
Life expectancy 51 years (2010)
Adult literacy N/A
% of population living on less than $2 a day N/A
Inequality of wealth distribution (Gini index)

N/A

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:7
Civil Liberties:7 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

6.85% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 1.25% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

0.0651 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE