The 2017 Annual Meetings of the African Development Bank (AfDB) Group will be held on May 22-26, 2017 in Ahmedabad, India. The Annual Meetings are the Bank’s largest annual event and serve to raise the profile of the institution on the global stage. Find out more

Somalia

Somalia Economic Outlook

  • The country’s economic base continues to be narrow with the majority of people depending on livestock and fisheries.
  • The small tax base and weak public financial management continue to cause serious constraints on the government budget, thus leaving the country almost totally dependent on foreign assistance and remittances.
  • While the main obstacles to commerce, investment, and government revenue collection continue to be a lack of peace and security, the Somali National Army (SNA) has had success in recovering many areas that were under Al-Shabaab’s control.

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Key Facts

Flag:
Capital: Mogadishu
Area: 638,000 sq km
Total Population 2015: 10.5 Million
Urban Population 2015: 38.68%
Female Population 2015: 50.26%
GDP: -
GNI Per Capita 2015: -
Inflation Rate: -
Crude Birth Rate (per 1000): 43.77%
Human Development Index (rank / 187): 0
Human Development Index (scale 0 to 1): -
Membership Date: 22/10/1964
Cumulative Approvals (1967-2015): UA 158.1 Million

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