Somalia

Somalia Economic Outlook

  • Real GDP growth in Somalia, estimated at 3.7% for 2016, is projected to decelerate to about 2.5% in 2017 because of lower agricultural output but will recover to about 3.5-4.5% in 2018-19.
  • Creating jobs for the youth, providing social services such as education and health, and building sustainable livelihoods are the immediate key development challenges in Somalia.
  • Somalia’s entrepreneurial private sector is one of the country’s main assets and an important partner for development actors.

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Key Facts

Flag:
Capital: Mogadishu
Area: 638,000 sq km
Total Population 2017: 11.4 Million
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: -
GNI Per Capita 2015: -
Inflation Rate: -
Crude Birth Rate (per 1000): 43.00%
Human Development Index (rank / 188): 0
Human Development Index (scale 0 to 1): -
Membership Date: 22/10/1964
Cumulative Approvals (1967-2016): UA 178.4 Million

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