Somalia's nominal GDP is projected to be around $13.89 billion in 2025. In 2020, it was $9.2 billion.
Somalia's population is projected to increase from approximately 18.1 million in 2023 to 19.65 million in 2025.
Somalia's nominal GDP per capita was $597.46 in 2023 and is projected to be $766.01 in 2025. In 2020, it was $518.18478.
Somalia’s Unemployment Rate is 14.03%.
From
2020 to the present, Somalia's exports have seen a general increase, with total
exports reaching $1.03 billion in 2023, a significant jump from earlier
years. The country's top exports include livestock (especially sheep and
goats), gold, and various other goods. The main export destinations are
the United Arab Emirates, Saudi Arabia, and Oman.
https://www.google.com/search?q=somalia+exports+2020+to+present
Somalia's
debt-to-GDP ratio, while fluctuating, has generally shown a decreasing trend
from 2020 to 2024. In 2020, the debt-to-GDP ratio was at 64%, but by 2023,
it had decreased to 6.4% due to debt relief efforts.
https://www.google.com/search?q=somalia+debt+to+nominal+gdp+2020+to+2025
In
2025, Somalia is facing a multifaceted crisis with several interconnected
challenges: a severe drought leading to widespread food insecurity and
malnutrition, ongoing conflict and insecurity, and the threat of Al-Shabaab
attacks. These issues are exacerbated by limited access to healthcare and
rising food prices.
https://www.google.com/search?q=somalia+problems+2025
Comments
Somalia has a low GDP, a high Population, a very low Per Capita GDP and a high Unemployment %.
Somalia also has an Islamic Terror Group and needs to have it removed.
Norb Leahy, Dunwoody GA Tea Party Leader
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