You are here

Somalia

Somalia Economic Outlook

The economy grew by an estimated 2.9% in 2019, up from 2.8% in 2018. The rebound is mainly due to recovery in agriculture and strong consumer demand. Inflation peaked at 5.1% in 2018 and declined to an estimated 4.4% in 2019 as food prices adjusted downward. The government budget remained in balance—given the restrictions on new public borrowing under staff monitored programs (SMPs) since 2016 and the need to keep inflation under control.

Read more


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

View detailed map

Resources



Useful Links