Somalia - Economic Indicators

Economic Overview

Despite the lack of effective national governance, Somalia maintains an informal economy largely based on livestock, remittance/money transfer companies, and telecommunications. Somalia's government lacks the ability to collect domestic revenue and external debt – mostly in arrears – was estimated at about 77% of GDP in 2017. Agriculture is the most important sector, with livestock normally accounting for about 40% of GDP and more than 50% of export earnings. Nomads and semi-pastoralists, who are dependent upon livestock for their livelihood, make up a large portion...

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GDP Reference Last Previous Units Frequency
Private Consumption 2017 231,179,487,277,461 205,588,154,086,469 NCU Annual
Government Consumption 2017 9,166,110,576,493 8,299,639,340,286 NCU Annual
Nominal Fixed Investment (gross fixed capital formation) 2017 16,227,946,632,092 14,693,920,955,434 NCU Annual
Nominal Gross Domestic Product 2017 170,206,383,486,047 155,358,289,840,529 NCU Annual
Real Gross Domestic Product 1990 92,802,973,696 94,200,987,648 NCU Annual
Investment 1990 269,511,000,064 169,522,003,968 NCU Annual
Real Private Consumption 1989 86,285,680,640 79,444,377,600 NCU Annual
Real Investment 1989 17,552,199,680 14,428,199,936 NCU Annual
Real Government Consumption 1989 21,702,600,704 18,838,999,040 NCU Annual
Real Fixed Investment (gross fixed capital formation) 1985 23,587,500,032 18,495,799,296 NCU Annual
Labor Reference Last Previous Units Frequency
Labor Force 2016 3,527,504 3,414,697 # Annual
Primary Industries Employment 2012 2,545,000 2,490,000 # Annual
Trade Reference Last Previous Units Frequency
Exports of Goods and Services 2017 22,914,208,000,000 23,471,771,838,261 NCU Annual
Imports of Goods and Services 2017 109,281,369,000,000 96,695,196,379,921 NCU Annual
Real Exports of Goods and Services 1989 7,746,997,760 6,908,198,912 NCU Annual
Real Imports of Goods and Services 1989 35,823,099,904 24,688,799,744 NCU Annual
Business Reference Last Previous Units Frequency
Change in Inventories 1990 10,433,000,448 2,796,999,936 NCU Annual
Real Change in Inventories 1985 2,446,099,968 1,099,000,064 NCU Annual
Demographics Reference Last Previous Units Frequency
Population 2017 14,743,000 14,317,996 # Annual
Birth Rate 2016 43.36 43.66 # per Ths. pop. Annual
Death Rate 2016 11.37 11.63 # per Ths. pop. Annual
Net Migration 2012 -226,869 # Annual

Factbook

Background

Background:
Britain withdrew from British Somaliland in 1960 to allow its protectorate to join with Italian Somaliland and form the new nation of Somalia. In 1969, a coup headed by Mohamed SIAD Barre ushered in an authoritarian socialist rule characterized by the persecution, jailing, and torture of political opponents and dissidents. After the regime's collapse early in 1991, Somalia descended into turmoil, factional fighting, and anarchy. In May 1991, northern clans declared an independent Republic of Somaliland that now includes the administrative regions of Awdal, Woqooyi Galbeed, Togdheer, Sanaag, and Sool. Although not recognized by any government, this entity has maintained a stable existence and continues efforts to establish a constitutional democracy, including holding municipal, parliamentary, and presidential elections. The regions of Bari, Nugaal, and northern Mudug comprise a neighboring semi-autonomous state of Puntland, which has been self-governing since 1998 but does not aim at independence; it has also made strides toward reconstructing a legitimate, representative government but has suffered some civil strife. Puntland disputes its border with Somaliland as it also claims the regions of Sool and Sanaag, and portions of Togdheer. Beginning in 1993, a two-year UN humanitarian effort (primarily in south-central Somalia) was able to alleviate famine conditions, but when the UN withdrew in 1995, having suffered significant casualties, order still had not been restored.
In 2000, the Somalia National Peace Conference (SNPC) held in Djibouti resulted in the formation of an interim government, known as the Transitional National Government (TNG). When the TNG failed to establish adequate security or governing institutions, the Government of Kenya, under the auspices of the Intergovernmental Authority on Development (IGAD), led a subsequent peace process that concluded in October 2004 with the election of Abdullahi YUSUF Ahmed as President of a second interim government, known as the Transitional Federal Government (TFG) of the Somali Republic. The TFG included a 275-member parliamentary body, known as the Transitional Federal Parliament (TFP). President YUSUF resigned late in 2008 while UN-sponsored talks between the TFG and the opposition Alliance for the Re-Liberation of Somalia (ARS) were underway in Djibouti. In January 2009, following the creation of a TFG-ARS unity government, Ethiopian military forces, which had entered Somalia in December 2006 to support the TFG in the face of advances by the opposition Islamic Courts Union (ICU), withdrew from the country. The TFP was doubled in size to 550 seats with the addition of 200 ARS and 75 civil society members of parliament. The expanded parliament elected Sheikh SHARIF Sheikh Ahmed, the former ICU and ARS chairman as president in January 2009. The creation of the TFG was based on the Transitional Federal Charter (TFC), which outlined a five-year mandate leading to the establishment of a new Somali constitution and a transition to a representative government following national elections. In 2009, the TFP amended the TFC to extend TFG's mandate until 2011 and in 2011 Somali principals agreed to institute political transition by August 2012. The transition process ended in September 2012 when clan elders replaced the TFP by appointing 275 members to a new parliament who subsequently elected a new president.

Geography

Location:
Eastern Africa, bordering the Gulf of Aden and the Indian Ocean, east of Ethiopia
Geographic coordinates:
10 00 N, 49 00 E
Map references:
Africa
Area:
total: 637,657 sq km
land: 627,337 sq km
water: 10,320 sq km
country comparison to the world: 45
Area - comparative:
almost five times the size of Alabama; slightly smaller than Texas
Area comparison map:
Land boundaries:
total: 2,385 km
border countries (3): Djibouti 61 km, Ethiopia 1,640 km, Kenya 684 km
Coastline:
3,025 km
Maritime claims:
territorial sea: 200 nm
Climate:
principally desert; northeast monsoon (December to February), moderate temperatures in north and hot in south; southwest monsoon (May to October), torrid in the north and hot in the south, irregular rainfall, hot and humid periods (tangambili) between monsoons
Terrain:
mostly flat to undulating plateau rising to hills in north
Elevation:
mean elevation: 410 m
elevation extremes: lowest point: Indian Ocean 0 m
highest point: Shimbiris 2,416 m
Natural resources:
uranium and largely unexploited reserves of iron ore, tin, gypsum, bauxite, copper, salt, natural gas, likely oil reserves
Land use:
agricultural land: 70.3%
arable land 1.8%; permanent crops 0%; permanent pasture 68.5%
forest: 10.6%
other: 19.1% (2011 est.)
Irrigated land:
2,000 sq km (2012)
Population - distribution:
distribution varies greatly throughout the country; least densely populated areas are in the northeast and central regions, as well as areas along the Kenyan border; most populated areas are in and around the cities of Mogadishu, Marka, Boorama, Hargeysa, and Baidoa
Natural hazards:
recurring droughts; frequent dust storms over eastern plains in summer; floods during rainy season
Environment - current issues:
famine; use of contaminated water contributes to human health problems; deforestation; overgrazing; soil erosion; desertification
Environment - international agreements:
party to: Biodiversity, Desertification, Endangered Species, Law of the Sea, Ozone Layer Protection
signed, but not ratified: none of the selected agreements
Geography - note:
strategic location on Horn of Africa along southern approaches to Bab el Mandeb and route through Red Sea and Suez Canal

People & Society

Population:
11,031,386
note: this estimate was derived from an official census taken in 1975 by the Somali Government; population counting in Somalia is complicated by the large number of nomads and by refugee movements in response to famine and clan warfare (July 2017 est.)
country comparison to the world: 83
Nationality:
noun: Somali(s)
adjective: Somali
Ethnic groups:
Somali 85%, Bantu and other non-Somali 15% (including 30,000 Arabs)
Languages:
Somali (official, according to the 2012 Transitional Federal Charter), Arabic (official, according to the 2012 Transitional Federal Charter), Italian, English
Religions:
Sunni Muslim (Islam) (official, according to the 2012 Transitional Federal Charter)
Demographic profile:
Somalia scores very low for most humanitarian indicators, suffering from poor governance, protracted internal conflict, underdevelopment, economic decline, poverty, social and gender inequality, and environmental degradation. Despite civil war and famine raising its mortality rate, Somalia’s high fertility rate and large proportion of people of reproductive age maintain rapid population growth, with each generation being larger than the prior one. More than 60% of Somalia’s population is younger than 25, and the fertility rate is among the world’s highest at almost 6 children per woman – a rate that has decreased little since the 1970s.
A lack of educational and job opportunities is a major source of tension for Somalia’s large youth cohort, making them vulnerable to recruitment by extremist and pirate groups. Somalia has one of the world’s lowest primary school enrollment rates – just over 40% of children are in school – and one of world’s highest youth unemployment rates. Life expectancy is low as a result of high infant and maternal mortality rates, the spread of preventable diseases, poor sanitation, chronic malnutrition, and inadequate health services.
During the two decades of conflict that followed the fall of the SIAD regime in 1991, hundreds of thousands of Somalis fled their homes. Today Somalia is the world’s third highest source country for refugees, after Syria and Afghanistan. Insecurity, drought, floods, food shortages, and a lack of economic opportunities are the driving factors.
As of 2016, more than 1.1 million Somali refugees were hosted in the region, mainly in Kenya, Yemen, Egypt, Ethiopia, Djibouti, and Uganda, while more than 1.1 million Somalis were internally displaced. Since the implementation of a tripartite voluntary repatriation agreement among Kenya, Somalia, and the UNHCR in 2013, nearly 40,000 Somali refugees have returned home from Kenya’s Dadaab refugee camp – still houses to approximately 260,000 Somalis. The flow sped up rapidly after the Kenyan Government in May 2016 announced its intention to close the camp, worsening security and humanitarian conditions in receiving communities in south-central Somalia. Despite the conflict in Yemen, thousands of Somalis and other refugees and asylum seekers from the Horn of Africa risk their lives crossing the Gulf of Aden to reach Yemen and beyond (often Saudi Arabia). Bossaso in Puntland overtook Obock, Djibouti, as the primary departure point in mid-2014.
Age structure:
0-14 years: 43.15% (male 2,376,526/female 2,383,060)
15-24 years: 19.04% (male 1,059,608/female 1,040,343)
25-54 years: 31.43% (male 1,795,355/female 1,671,421)
55-64 years: 4.2% (male 230,027/female 233,257)
65 years and over: 2.19% (male 93,736/female 148,053) (2017 est.)
population pyramid:
Dependency ratios:
total dependency ratio: 97.4
youth dependency ratio: 92.1
elderly dependency ratio: 5.3
potential support ratio: 18.8 (2015 est.)
Median age:
total: 18.1 years
male: 18.3 years
female: 17.9 years (2017 est.)
country comparison to the world: 214
Population growth rate:
2% (2017 est.)
country comparison to the world: 46
Birth rate:
39.6 births/1,000 population (2017 est.)
country comparison to the world: 9
Death rate:
13.1 deaths/1,000 population (2017 est.)
country comparison to the world: 14
Net migration rate:
-6.5 migrant(s)/1,000 population (2017 est.)
country comparison to the world: 201
Population distribution:
distribution varies greatly throughout the country; least densely populated areas are in the northeast and central regions, as well as areas along the Kenyan border; most populated areas are in and around the cities of Mogadishu, Marka, Boorama, Hargeysa, and Baidoa
Urbanization:
urban population: 40.5% of total population (2017)
rate of urbanization: 4.05% annual rate of change (2015-20 est.)
Major urban areas - population:
MOGADISHU (capital) 2.138 million; Hargeysa 760,000 (2015)
Sex ratio:
at birth: 1.02 male(s)/female
0-14 years: 1 male(s)/female
15-24 years: 1.02 male(s)/female
25-54 years: 1.07 male(s)/female
55-64 years: 0.96 male(s)/female
65 years and over: 0.64 male(s)/female
total population: 1.01 male(s)/female (2017 est.)
Maternal mortality ratio:
732 deaths/100,000 live births (2015 est.)
country comparison to the world: 6
Infant mortality rate:
total: 94.8 deaths/1,000 live births
male: 103.3 deaths/1,000 live births
female: 86 deaths/1,000 live births (2017 est.)
country comparison to the world: 2
Life expectancy at birth:
total population: 52.8 years
male: 50.7 years
female: 54.9 years (2017 est.)
country comparison to the world: 218
Total fertility rate:
5.8 children born/woman (2017 est.)
country comparison to the world: 5
Physicians density:
0.03 physicians/1,000 population (2014)
Hospital bed density:
8.7 beds/1,000 population (2014)
Drinking water source:
improved:
urban: 69.6% of population
rural: 8.8% of population
total: 31.7% of population
unimproved:
urban: 30.4% of population
rural: 91.2% of population
total: 68.3% of population (2011 est.)
Sanitation facility access:
improved:
urban: 52% of population
rural: 6.3% of population
total: 23.6% of population
unimproved:
urban: 48% of population
rural: 93.7% of population
total: 76.4% of population (2011 est.)
HIV/AIDS - adult prevalence rate:
0.4% (2016 est.)
country comparison to the world: 78
HIV/AIDS - people living with HIV/AIDS:
24,000 (2016 est.)
country comparison to the world: 72
HIV/AIDS - deaths:
1,700 (2016 est.)
country comparison to the world: 55
Major infectious diseases:
degree of risk: very high
food or waterborne diseases: bacterial and protozoal diarrhea, hepatitis A and E, and typhoid fever
vectorborne diseases: dengue fever, malaria, and Rift Valley fever
water contact disease: schistosomiasis
animal contact disease: rabies (2016)
Obesity - adult prevalence rate:
8.3% (2016)
country comparison to the world: 153
Children under the age of 5 years underweight:
23% (2009)
country comparison to the world: 9
Education expenditures:
NA

Government

Country name:
conventional long form: Federal Republic of Somalia
conventional short form: Somalia
local long form: Jamhuuriyadda Federaalkaa Soomaaliya
local short form: Soomaaliya
former: Somali Republic, Somali Democratic Republic
etymology: "Land of the Somali" (ethnic group)
Government type:
federal parliamentary republic
Capital:
name: Mogadishu
geographic coordinates: 2 04 N, 45 20 E
time difference: UTC+3 (8 hours ahead of Washington, DC, during Standard Time)
Administrative divisions:
18 regions (plural - NA, singular - gobolka); Awdal, Bakool, Banaadir, Bari, Bay, Galguduud, Gedo, Hiiraan, Jubbada Dhexe (Middle Jubba), Jubbada Hoose (Lower Jubba), Mudug, Nugaal, Sanaag, Shabeellaha Dhexe (Middle Shabeelle), Shabeellaha Hoose (Lower Shabeelle), Sool, Togdheer, Woqooyi Galbeed
Independence:
1 July 1960 (from a merger of British Somaliland that became independent from the UK on 26 June 1960 and Italian Somaliland that became independent from the Italian-administered UN trusteeship on 1 July 1960 to form the Somali Republic)
National holiday:
Foundation of the Somali Republic, 1 July (1960); note - 26 June (1960) in Somaliland
Constitution:
history: previous 1961, 1979; latest drafted 12 June 2012, approved 1 August 2012 (provisional)
amendments: proposed by the federal government, by members of the state governments, the Federal Parliament, or by public petition; proposals require review by a joint committee of Parliament with inclusion of public comments and state legislatures’ comments; passage requires at least two-thirds majority vote in both houses of Parliament and approval by a majority of votes cast in a referendum; constitutional clauses on Islamic principles, the federal system, human rights and freedoms, powers and authorities of the government branches, and inclusion of women in national institutions cannot be amended
Legal system:
mixed legal system of civil law, Islamic law, and customary law (referred to as Xeer)
International law organization participation:
accepts compulsory ICJ jurisdiction with reservations; non-party state to the ICCt
Citizenship:
citizenship by birth: no
citizenship by descent only: the father must be a citizen of Somalia
dual citizenship recognized: no
residency requirement for naturalization: 7 years
Suffrage:
18 years of age; universal
Executive branch:
chief of state: President Mohamed ABDULLAHI Mohamed "Farmaajo" (since 8 February 2017)
head of government: Prime Minister Hassan Ali KHAYRE (since 1 March 2017)
cabinet: Cabinet appointed by the prime minister, approved by the House of the People
elections/appointments: president indirectly elected by the Federal Parliament by two-thirds majority vote in 2 rounds if needed for a single 4-year term; election last held on 8 February 2017 (previously scheduled for 30 September 2016 but postponed repeatedly); prime minister appointed by the president, approved by the House of the People
election results: Mohamed ABDULLAHI Mohamed "Farmaajo" elected president; Federal Parliament second round vote - Mohamed ABDULLAHI Mohamed "Farmaajo" (TPP) 184, HASSAN SHEIKH Mohamud (PDP) 97, Sheikh SHARIF Sheikh Ahmed (ARS) 46
Legislative branch:
description: bicameral Federal Parliament to consist of an Upper House (54 seats; senators elected by state assemblies to serve 4-year terms) and the House of the People (275 seats; members elected by regional delegates to serve 4-year terms)
note: the inaugural House of the People was appointed in September 2012 by clan elders; in elections in 2016 and 2017, the Federal Parliament became bicameral with elections scheduled for 10 October 2016 for the Upper House and 23 October to 10 November 2016 for the House of the People; while the elections were delayed, they were eventually held in most regions despite voting irregularities; on 27 December 2016, 41 Upper House senators and 242 House of the People members were sworn in
Judicial branch:
highest court(s): the provisional constitution stipulates the establishment of the Constitutional Court (consists of 5 judges including the chief judge and deputy chief judge); note - under the terms of the 2004 Transitional National Charter, a Supreme Court based in Mogadishu and an Appeal Court were established; yet most regions have reverted to local forms of conflict resolution, either secular, traditional Somali customary law, or sharia Islamic law
judge selection and term of office: judges appointed by the president upon proposal of the Judicial Service Commission, a 9-member judicial and administrative body; judge tenure NA
subordinate courts: federal courts; federal member state-level courts; military courts; sharia courts
Political parties and leaders:
Cosmopolitan Democratic Party [Yarow Sharef ADEN]
Daljir Party or DP [Hassan MOALIM]
Democratic Green Party of Somalia or DGPS [Abdullahi Y. MAHAMOUD]
Democratic Party of Somalia or DPS [Maslah Mohamed SIAD]
Green Leaf for Democracy or GLED
Hiil Qaran
Justice and Communist Party [Mohamed NUR]
Justice and Development of Democracy and Self-Respectfulness Party or CAHDI [Abdirahman Abdigani IBRAHIM Bile]
Liberal Party of Somalia
National Unity Party (Xisbiga MIdnimo-Quaran) [Abdurahman BAADIYOW]
Peace and Development Party or PDP
Somali National Party or SNP [Mohammed Ameen Saeed AHMED]
Somali People's Party [Mahamud Hassan RAGE]
Somali Green Party (local chapter of Federation of Green Parties of Africa)
Tayo or TPP [Mohamed Abdullahi MOHAMED]
Tiir Party [Fadhil Sheik MOHAMUD]
United and Democratic Party [Salad Ali JELLE]
United Somali Parliamentarians
inactive: Alliance for the Reliberation of Somalia; reportedly inactive since 2009
Political pressure groups and leaders:
numerous political associations and clan and sub-clan factions exist in support of and against political leaders from clans, Federal Member State presidents, and others, including the former and current presidents
International organization participation:
ACP, AfDB, AFESD, AMF, AU, CAEU (candidate), FAO, G-77, IBRD, ICAO, ICRM, IDA, IDB, IFAD, IFC, IFRCS, IGAD, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ITSO, ITU, LAS, NAM, OIC, OPCW, OPCW (signatory), UN, UNCTAD, UNESCO, UNHCR, UNIDO, UPU, WFTU (NGOs), WHO, WIPO, WMO
Diplomatic representation in the US:
chief of mission: Ambassador Ahmed Issa AWAD (since 17 September 2015)
chancery: 425 East 61st Street, Suite 702, New York City, NY 10021
telephone: [1] (212) 688-9410, 688-5046
FAX: [1] (212) 759-0651
Diplomatic representation from the US:
the US Mission to Somalia, operating out of the US Embassy in Nairobi, Kenya, is headed by Acting Head of Mission Martin DALE (since July 2017)
Flag description:
light blue with a large white five-pointed star in the center; the blue field was originally influenced by the flag of the UN, but today is said to denote the sky and the neighboring Indian Ocean; the five points of the star represent the five regions in the horn of Africa that are inhabited by Somali people: the former British Somaliland and Italian Somaliland (which together make up Somalia), Djibouti, Ogaden (Ethiopia), and the North East Province (Kenya)
National symbol(s):
leopard; national colors: blue, white
National anthem:
name: "Qolobaa Calankeed" (Every Nation Has its own Flag)
lyrics/music: lyrics/music: Abdullahi QARSHE
note: adopted 2012; written in 1959
Government - note:
regional and local governing bodies continue to exist and control various areas of the country, including the self-declared Republic of Somaliland in northwestern Somalia

Economy

Economy - overview:
Despite the lack of effective national governance, Somalia maintains an informal economy largely based on livestock, remittance/money transfer companies, and telecommunications. Somalia's government lacks the ability to collect domestic revenue and external debt – mostly in arrears – was estimated at about 77% of GDP in 2017.
Agriculture is the most important sector, with livestock normally accounting for about 40% of GDP and more than 50% of export earnings. Nomads and semi-pastoralists, who are dependent upon livestock for their livelihood, make up a large portion of the population. Economic activity is estimated to have increased by 2.4% in 2017 because of growth in the agriculture, construction and telecommunications sector. Somalia's small industrial sector, based on the processing of agricultural products, has largely been looted and the machinery sold as scrap metal.
In recent years, Somalia's capital city, Mogadishu, has witnessed the development of the city's first gas stations, supermarkets, and airline flights to Turkey since the collapse of central authority in 1991. Mogadishu's main market offers a variety of goods from food to electronic gadgets. Hotels continue to operate and are supported with private-security militias. Formalized economic growth has yet to expand outside of Mogadishu and a few regional capitals, and within the city, security concerns dominate business. Telecommunication firms provide wireless services in most major cities and offer the lowest international call rates on the continent. In the absence of a formal banking sector, money transfer/remittance services have sprouted throughout the country, handling up to $1.6 billion in remittances annually, although international concerns over the money transfers into Somalia continues to threaten these services’ ability to operate in Western nations. In 2017, Somalia elected a new president and collected a record amount of foreign aid and investment, a positive sign for economic recovery.
GDP (purchasing power parity):
$17.47 billion (2017 est.)
$17.06 billion (2016 est.)
$16.53 billion (2015 est.)
note: data are in 2016 US dollars
country comparison to the world: 154
GDP (official exchange rate):
$6.522 billion (2017 est.)
GDP - real growth rate:
2.4% (2017 est.)
3.2% (2016 est.)
3.6% (2015 est.)
country comparison to the world: 139
GDP - per capita (PPP):
$NA (2017 est.)
$NA (2016 est.)
$NA (2015 est.)
GDP - composition, by end use:
household consumption: 72.1%
government consumption: 8.7%
investment in fixed capital: 19.8%
investment in inventories: 0.8%
exports of goods and services: 0.3%
imports of goods and services: -1.7% (2015 est.)
GDP - composition, by sector of origin:
agriculture: 60.2%
industry: 7.4%
services: 32.5% (2013 est.)
Agriculture - products:
bananas, sorghum, corn, coconuts, rice, sugarcane, mangoes, sesame seeds, beans; cattle, sheep, goats; fish
Industries:
light industries, including sugar refining, textiles, wireless communication
Industrial production growth rate:
3.5% (2014 est.)
country comparison to the world: 82
Labor force:
4.154 million (2016 est.)
country comparison to the world: 91
Labor force - by occupation:
agriculture: 71%
industry and services: 29% (1975 est.)
Unemployment rate:
NA%
Population below poverty line:
NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Budget:
revenues: $145.3 million
expenditures: $151.1 million (2014 est.)
Taxes and other revenues:
2.2% of GDP (2014 est.)
country comparison to the world: 220
Budget surplus (+) or deficit (-):
-0.1% of GDP (2014 est.)
country comparison to the world: 39
Public debt:
76.7% of GDP (2017 est.)
93% of GDP (2014 est.)
country comparison to the world: 46
Fiscal year:
NA
Inflation rate (consumer prices):
1.5% (2017 est.)
-71.1% (2016 est.)
country comparison to the world: 61
Central bank discount rate:
NA%
Commercial bank prime lending rate:
NA%
Current account balance:
$-722 million (2017 est.)
$-640 million (2016 est.)
country comparison to the world: 116
Exports:
$819 million (2014 est.)
$779 million (2013 est.)
country comparison to the world: 165
Exports - commodities:
livestock, bananas, hides, fish, charcoal, scrap metal
Exports - partners:
Saudi Arabia 37.2%, Oman 22.7%, UAE 16.3% (2016)
Imports:
$3.482 billion (2014 est.)
$3.322 billion (2013 est.)
country comparison to the world: 138
Imports - commodities:
manufactures, petroleum products, foodstuffs, construction materials, qat
Imports - partners:
India 26.3%, China 20.8%, Oman 9.1%, Kenya 8.3%, Turkey 6%, Malaysia 4.3%, Brazil 4.2% (2016)
Reserves of foreign exchange and gold:
$30.45 million (2014 est.)
country comparison to the world: 174
Debt - external:
$5.3 billion (31 December 2014 est.)
$2.892 billion (31 December 2015 est.)
country comparison to the world: 134
Stock of direct foreign investment - at home:
$NA
Exchange rates:
Somali shillings (SOS) per US dollar -
23,960 (2016 est.)

Energy

Electricity access:
population without electricity: 8,900,000
electrification - total population: 15%
electrification - urban areas: 33%
electrification - rural areas: 4% (2013)
Electricity - production:
344 million kWh (2015 est.)
country comparison to the world: 177
Electricity - consumption:
319.9 million kWh (2015 est.)
country comparison to the world: 182
Electricity - exports:
0 kWh (2016 est.)
country comparison to the world: 198
Electricity - imports:
0 kWh (2016 est.)
country comparison to the world: 202
Electricity - installed generating capacity:
81,000 kW (2015 est.)
country comparison to the world: 182
Electricity - from fossil fuels:
98.8% of total installed capacity (2015 est.)
country comparison to the world: 34
Electricity - from nuclear fuels:
0% of total installed capacity (2015 est.)
country comparison to the world: 183
Electricity - from hydroelectric plants:
0% of total installed capacity (2015 est.)
country comparison to the world: 204
Electricity - from other renewable sources:
1.2% of total installed capacity (2015 est.)
country comparison to the world: 135
Crude oil - production:
0 bbl/day (2016 est.)
country comparison to the world: 195
Crude oil - exports:
0 bbl/day (2014 est.)
country comparison to the world: 191
Crude oil - imports:
0 bbl/day (2014 est.)
country comparison to the world: 190
Crude oil - proved reserves:
0 bbl (1 January 2017 est.)
country comparison to the world: 194
Refined petroleum products - production:
0 bbl/day (2014 est.)
country comparison to the world: 198
Refined petroleum products - consumption:
5,700 bbl/day (2015 est.)
country comparison to the world: 174
Refined petroleum products - exports:
0 bbl/day (2014 est.)
country comparison to the world: 198
Refined petroleum products - imports:
5,679 bbl/day (2014 est.)
country comparison to the world: 163
Natural gas - production:
0 cu m (2013 est.)
country comparison to the world: 195
Natural gas - consumption:
0 cu m (2013 est.)
country comparison to the world: 131
Natural gas - exports:
0 cu m (2013 est.)
country comparison to the world: 183
Natural gas - imports:
0 cu m (2013 est.)
country comparison to the world: 188
Natural gas - proved reserves:
5.663 billion cu m (1 January 2017 est.)
country comparison to the world: 94
Carbon dioxide emissions from consumption of energy:
900,000 Mt (2013 est.)
country comparison to the world: 166

Communications

Telephones - fixed lines:
total subscriptions: 48,000
subscriptions per 100 inhabitants: less than 1 (July 2016 est.)
country comparison to the world: 158
Telephones - mobile cellular:
total: 6,653,040
subscriptions per 100 inhabitants: 60 (July 2016 est.)
country comparison to the world: 109
Telephone system:
general assessment: the public telecom system was almost completely destroyed or dismantled during the civil war; private companies offer limited local fixed-line service, and private wireless companies offer service in most major cities, while charging some of the lowest rates on the continent
domestic: seven networks compete for customers in the mobile sector; some of these mobile-service providers offer fixed-line and Internet services
international: country code - 252; Mogadishu is a landing point for the EASSy fiber-optic submarine cable system linking East Africa with Europe and North America; this connection ended the country's expensive satellite-dependent Internet access (2016)
Broadcast media:
2 private TV stations rebroadcast Al-Jazeera and CNN; Somaliland has 1 government-operated TV station and Puntland has 1 private TV station; the transitional government operates Radio Mogadishu; 1 SW and roughly 10 private FM radio stations broadcast in Mogadishu; several radio stations operate in central and southern regions; Somaliland has 1 government-operated radio station; Puntland has roughly a half-dozen private radio stations; transmissions of at least 2 international broadcasters are available (2007)
Internet country code:
.so
Internet users:
total: 203,366
percent of population: 1.9% (July 2016 est.)
country comparison to the world: 170

Transportation

National air transport system:
number of registered air carriers: 1
inventory of registered aircraft operated by air carriers: 1
annual passenger traffic on registered air carriers: 251,652
annual freight traffic on registered air carriers: 0 mt-km (2015)
Civil aircraft registration country code prefix:
6O (2016)
Airports:
61 (2013)
country comparison to the world: 81
Airports - with paved runways:
total: 6
over 3,047 m: 4
2,438 to 3,047 m: 1
1,524 to 2,437 m: 1 (2013)
Airports - with unpaved runways:
total: 55
over 3,047 m: 1
2,438 to 3,047 m: 5
1,524 to 2,437 m: 20
914 to 1,523 m: 23
under 914 m: 6 (2013)
Roadways:
total: 22,100 km
paved: 2,608 km
unpaved: 19,492 km (2000)
country comparison to the world: 105
Merchant marine:
total: 5
by type: general cargo 2, other 3 (2017)
country comparison to the world: 162
Ports and terminals:
major seaport(s): Berbera, Kismaayo

Military & Security

Military branches:
National Security Force (NSF): Somali National Army (2017)
Military service age and obligation:
18 is the legal minimum age for compulsory and voluntary military service (2012)
Maritime threats:
despite a dramatic drop in the number of attacks in 2016, the International Maritime Bureau continues to report the territorial and offshore waters in the Gulf of Aden and Indian Ocean as a region of significant risk for piracy and armed robbery against ships; during the first half of 2017, nine vessels were attacked or hijacked compared with two in 2016; Operation Ocean Shield, the NATO naval task force established in 2009 to combat Somali piracy, concluded its operations in December 2016 as a result of the drop in reported incidents over the last few years; additional anti-piracy measures on the part of ship operators, including the use of on-board armed security teams, have reduced piracy incidents in that body of water; Somali pirates tend to be heavily armed with automatic weapons and rocket propelled grenades; the use of "mother ships" from which skiffs can be launched to attack vessels allows these pirates to extend the range of their operations hundreds of nautical miles offshore

Transnational Issues

Disputes - international:
Ethiopian forces invaded southern Somalia and routed Islamist Courts from Mogadishu in January 2007; "Somaliland" secessionists provide port facilities in Berbera to landlocked Ethiopia and have established commercial ties with other regional states; "Puntland" and "Somaliland" "governments" seek international support in their secessionist aspirations and overlapping border claims; the undemarcated former British administrative line has little meaning as a political separation to rival clans within Ethiopia's Ogaden and southern Somalia's Oromo region; Kenya works hard to prevent the clan and militia fighting in Somalia from spreading south across the border, which has long been open to nomadic pastoralists
Refugees and internally displaced persons:
refugees (country of origin): 18,312 (Ethiopia) (refugees and asylum seekers); 11,367 (Yemen) (refugees and asylum seekers) (2018)
IDPs: 2.1 million (civil war since 1988, clan-based competition for resources; 2011 famine; insecurity because of fighting between al-Shabaab and the Transitional Federal Government's allied forces) (2018)

Economic Indicators for Somalia including actual values, historical data, and latest data updates for the Somalia economy.