Somalia

SOMALIA

 

 

  

 

 

 

 

 

 

Official title:

Federal Republic of Somalia

 

General information:
Capital: Mogadishu
Population: 10,616,380 (July 2015 est.)
Total area: 637,657 km2
Currency: Somali shilling (SOS)
National holiday: Independence Day, 1st July (1960), 26th June (1960) in Somaliland.
Official languages: Somali and Arabic

 

Type of government:
Federal parliamentary republic

 

Economy:
GDP (nominal): $1399 million (2014 est.)
GDP (nominal) per capita: $418 (2014 est.)
GDP (PPP): n/a
GDP (PPP) per capita: n/a
GDP (official exchange rate): n/a
GDP (real growth rate): 2,7% (2015 est.)

GDP per sector:
• Agriculture 60,2%
• Industry 7,4%
• Services 32,5% (2014 est.)

Agriculture products: bananas, sorghum, corn, coconuts, rice, sugarcane, mangoes, sesame seeds, beans, cattle, sheep, goats, fish
Main industries: sugar refining, textiles, livestock, money transfer, telecommunications

 

Trade - Export
Exported commodities: livestock, bananas, hides, fish, charcoal, scrap metal
Main export partners:
• United Arab Emirates 44,4%
• Yemen 19,1%
• Oman 15,4%
• India 5,6%
• China 3,4% (2015 est)

 

Trade - Import
Imported commodities: manufactured products, petroleum products, foodstuffs, construction materials
Main import partners:
• Djibouti 19,8%
• India 14,7%
• Oman 9,1%
• China 9%
• Kenya 8,9%

 

Sources:
Australian Government – Department of Foreign Affairs and Trade. 2015. Somalia Fact Sheet. Available at: https://dfat.gov.au/trade/resources/Documents/soml.pdf (February 11th 2016).

 

European Commission – Directorate-General for Trade. 2015. EU, Trade in goods with Somalia. Available at: http://trade.ec.europa.eu/doclib/docs/2011/january/tradoc_147385.pdf (February 11th 2016).

 

International Monetary Fund. 2015. IMF Executive Board Concludes 2015 Article IV Consultation with Somalia. Available at: https://www.imf.org/external/np/sec/pr/2015/pr15360.htm (February 11th 2016).

 

Mail Guardian Africa. 2015. Somalia's debt is 39% of its GDP. Available at: http://mgafrica.com/article/2015-08-01-15-things-you-didnt-know-about-somalias-cash-situation-1 (February 11th 2016).