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   Market (2002)
Somalia Economy
GDP:
purchasing power parity - $4.361 billion (2003 est.)
GDP - real growth rate:
2.1% (2003 est.)
GDP - per capita:
purchasing power parity - $500 (2003 est.)
GDP - composition by sector:
agriculture: 65%
industry: 10%
services: 25% (2000 est.)
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
note - businesses print their own money, so inflation rates cannot be sensibly determined (2003 est.)
Labor force:
3.7 million (very few are skilled laborers)
Labor force - by occupation:
agriculture (mostly pastoral nomadism) 71%, industry and services 29%
Unemployment rate:
NA
Budget:
revenues: NA
expenditures: NA, including capital expenditures of NA
Industries:
a few light industries, including sugar refining, textiles, petroleum refining (mostly shut down), wireless communication
Industrial production growth rate:
NA
Electricity - production:
245.1 million kWh (2001)
Electricity - production by source:
fossil fuel: 100%
hydro: 0%
other: 0% (2001)
nuclear: 0%
Electricity - consumption:
227.9 million kWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
0 kWh (2001)
Oil - production:
0 bbl/day (2001 est.)
Oil - consumption:
4,000 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Oil - proved reserves:
0 bbl (1 January 2002)
Natural gas - proved reserves:
2.832 billion cu m (1 January 2002)
Agriculture - products:
cattle, sheep, goats; bananas, sorghum, corn, coconuts, rice, sugarcane, mangoes, sesame seeds, beans; fish
Exports:
$79 million f.o.b. (2002 est.)
Exports - commodities:
livestock, bananas, hides, fish, charcoal, scrap metal
Exports - partners:
UAE 38.9%, Yemen 23.2%, Oman 10.5%, China 6.3%, Kuwait 4.2% (2003 est.)
Imports:
$344 million f.o.b. (2002 est.)
Imports - commodities:
manufactures, petroleum products, foodstuffs, construction materials, qat
Imports - partners:
Djibouti 32.5%, Kenya 14.8%, Brazil 10.7%, UAE 4.9%, Thailand 4.1% (2003 est.)
Debt - external:
$2.6 billion (2000 est.)
Economic aid - recipient:
$60 million (1999 est.)
Currency:
Somali shilling (SOS)
Currency code:
SOS
Exchange rates:
Somali shillings per US dollar - 11,000 (November 2000), 2,620 (January 1999), 7,500 (November 1997 est.), 7,000 (January 1996 est.), 5,000 (1 January 1995)
note: the Republic of Somaliland, a self-declared independent country not recognized by any foreign government, issues its own currency, the Somaliland shilling
Fiscal year:
NA
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