Economy of Somalia (Economy in Countries)

This book about the economy of Somalia from the 1970s to the 2010s. Source data from UN Data.Size. In the 2010s, the gross domestic product of Somalia was equal to 1.4 billion US$ per year. Since the share in the world is less than .01%, the country is classified as a micro economy.Productivity. In the 2010s, the gross domestic product per capita was 108.4 US$. Since the productivity is less the average below average, the economy is classified as least developed.Growth. In the 2010s, the growth of GDP was 2.6%.Structure. In the 2010s, the economy of Somalia included: agriculture (57.2%), service (14.3%), trade (10.0%), transportation (6.7%), industry (6.2%), and construction (5.5%).Export and import. In the 2010s, the import was 5.5 times higher than the export, the net import was equal to 1.4% of the GDP. The technological structure of export is not better than the structure of import.Consumption and reproduction. The attitude of reproduction to the consumption is not better than the global average, so the share of GDP in the world will not increase.

• | Author: Ivan Kushnir
• | Publisher: Independently published
• | Publication Date: Jan 28, 2019
• | Number of Pages: 67 pages
• | Language: English
• | Binding: Paperback
• | ISBN-10: 1795324058
• | ISBN-13: 9781795324052