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Somalia

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

 
 
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Central bank

N/A

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International Reserves

N/A

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Gross Domestic Product - GDP

N/A

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GDP (Purchasing Power Parity)

N/A

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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

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GDP per capita - current prices

N/A

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GDP per capita - PPP

N/A

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

**Forecast

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GDP - composition by sector

(Data released on February 2012)

  • agriculture: 60.2% 
  • industry: 7.4% 
  • services: 32.5% (2008 estimate)
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Gross domestic expenditure on R&D; (% of GDP)

N/A

(Data released on March 2012)

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

*Estimate

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

*Estimate

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Household saving rates

N/A

(Data released on December 2011)

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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

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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

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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)

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Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
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Largest companies in Somalia

N/A

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Current account balance

N/A(After 2008)

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Current account balance by percentage of GDP

N/A(2009)

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Exports as percent of GDP(Exports of goods and services)

N/A

(Data released on April 2012)

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Shares in world total merchandising export

N/A(2007)

(Data were released in 2012 and refer to 2011)

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Shares in world total commercial services export

N/A(2007)

(Data were released in 2012)

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Total exports

US$515.8 million (2010 estimate) 

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Export commodities

livestock, bananas, hides, fish, charcoal, scrap metal

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Total imports

US$1.263 billion (2010 estimate) 

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Import commodities

manufactures, petroleum products, foodstuffs, construction materials, qat

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Exports - major partners

UAE 50.7%, Yemen 19%, Oman 12.8% (2011)

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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)

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FDI inflows
2009 2010 2011
US$108 million US$112 million(2009) US$102 million(2009)
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FDI outflows
2009 2010 2011  
N/A N/A N/A  
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Value of cross-border M&A;, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) N/A
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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 )

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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 )

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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)

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

N/A

(2012)

 

 

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Index of Economic FreedomWSJ and Heritage Foundation

N/A (2009)

(100=totally free 0=totally repressed )

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Time zone

UTC+3

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Total area

637,657 km2 (2006)

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Capital

Mogadishu (2009)

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Currency

Somali shillings (SOS) (2009)

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Government type

no permanent national government; transitional, parliamentary federal government (2009)

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Languages

Somali (official), Arabic, Italian, English

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Religions

Sunni Muslim

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Total population
1980 1990 2000 2012* 2017**
N/A N/A N/A N/A N/A

*Estimate    **Forecast

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Urban population as % of total population
1960 1980 2000 2011
17.3% 26.8% 33.2% 37.8%
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Population median age

18 years (2010)

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Population growth rate

2.4% (2011)

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Life expectancy

51 years (2010)

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Adult literacy

N/A

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% of population living on less than $2 a day

N/A

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Inequality of wealth distribution (Gini index)

N/A

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

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Freedom House rating

Political Rights:7
Civil Liberties:7 (2011)

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

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Total telephone subscribers as % of population

6.85% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

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Internet users as % of total population

1.25% (Data were released in 2012 and refer to 2011)

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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

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CO2 emissions(Metric tons of CO2 per capita)

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

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