
Small Is Beautiful
Encouraged by government stimulus programs, banks are finding new ways to finance SMEs. Once the economy recovers, will the surge of interest recede?
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Somalia economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Somalia best banks and safest banks are also available.
Given the spate of recent fines by UK and US regulators against banks for failure to comply with anti-money laundering regulations, it’s worth exploring the question of why the banks keep coming up short. The most recent headline was the ...
2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
N/A | N/A | N/A | N/A | N/A | N/A | N/A |
2013 | 2014 | 2015 | 2016 | 2017 | ||
N/A | N/A | N/A | N/A | N/A |
1980 | 1990 | 2000 | 2010 | 2017 |
N/A | N/A | N/A | N/A | N/A |
(2013 estimate)
2013 | 2014 | 2015 | 2016 | 2017 |
N/A | N/A | N/A | N/A | N/A |
2013 | 2014 | 2015 | 2016 | 2017 |
N/A | N/A | N/A | N/A | N/A |
2013 | 2014 | 2015 | 2016 | 2017 |
N/A | N/A | N/A | N/A | N/A |
Standard & Poor's: N/A
Moody's: N/A
Standard & Poor's / Moody's (Updated January 2017)
2013 | 2014 | 2015 |
N/A | N/A | N/A |
14.5% (2015)
N/A
N/A
Livestock, bananas, hides, fish, charcoal, scrap metal
Manufactures, petroleum products, foodstuffs, construction materials, qat
UAE 45.8%, Yemen 19.7%, Oman 15.9% (2015)
Djibouti 18.7%, India 16.5%, China 11.8%, Oman 8.7%, Kenya 6.1%, Pakistan 4.4% (2015)
2013 | 2014 | 2015 |
USD 446 million | USD 434 million | USD 516 million |
2013 | 2014 | 2015 |
N/A | N/A | N/A |
2012 | 2013 | 2014 | 2015 |
N/A | N/A | N/A | N/A |
N/A
(for a monthly update on M&A; click here )
N/A
(for a monthly update on M&A; click here )
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 190 out of 190 countries (2017)
Subcategories:
Starting a business: 184 out of 190 countries
Enforcing Contracts: 109 out of 190 countries
Registering Property: 148 out of 190 countries
Getting Credit: 185 out of 190 countries
Protecting Minority Investors: 190 out of 190 countries
Trading Across Borders: 156 out of 190 countries
Paying Taxes: 190 out of 190 countries
Dealing with Construction Permits: 187 out of 190 countries
Getting Electricity: 188 out of 190 countries
Resolving Insolvency: 169 out of 190 countries
Somali (official), Arabic (official, according to the Transitional Federal Charter), Italian, English
Sunni Muslim (Islam) (official, according to the Transitional Federal Charter)
1990 | 2000 | 2010 | 2016* | 2021* |
N/A | N/A | N/A | N/A | N/A |
*Estimate
1960 | 1980 | 2000 | 2015 |
17% | 27% | 33% | 40% |
Political Rights: 7
Civil Liberties: 7 (2017)
(1 represents the most free, 7 the least free rating)
Fixed 0.46% Mobile 52.47% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)