Monthly Cost of food items for a family of 6 (Cereals, Sugar, Vegetable Oil & Cowpeas)
Monthly Cost of Non-Food items for a family of 6 (Kerosene, Soap, Firewood, 200 liter Water Drum, Medicine, school fees, Cereal grinding cost, Clothes, Social tax)
Monthly Cost of Minimum Expenditure...
Foreign aid and remittances from the diaspora accounted for an unbelievable 79% of GDP in 2020. Somalia's internal economy is incredibly unproductive, with the trade deficit at a whopping 91% of GDP in 2020, due to the inability to export livestock as a result of the cancellation of the Hajj and...
It is now about 2 years old, but it is a good overview of the Somali economy's basics. It gives you a sense of how deep a hole the country is really in.
It seems that sector is in full retreat. The peak for Bosaso was 12 years ago in 2006, and the peak for Berbera was 6 years ago in 2012. Land degradation is starting to catch up with Somalia's ability to raise export quality livestock it seems. The largest economic sector is in absolute decline.
I have always said that Somalia is in a Malthusian Trap.
All increases in GDP are being swallowed by even faster population growth. GDP grew by an average of 2.9% from 2013-2017, but GDP per capita fell by 5.5 in the same...
Iv'e been thinking of the best way to rebuild Somalia. And have come to the the conclusion that the country will never get back on its feet if it tries to emulate Western systems as the social culture of Somalia makes that impossible.
Instead we should try to tailor a system that Somali's can...
The global economy is in crisis.
The exponential exhaustion of natural resources, declining productivity, slow growth, rising unemployment, and steep inequality, forces us to rethink our economic models.:yacadiim:
Where do we go from here?:cosbyhmm:
Jeremy Rifkin (social and economic...
I've been wrestling with the idea of state owned comapanies take charge of the natural resourse of somalia. I think it will calm down the reluctant desire of the public shown towards foreign private companies lurking about.
So my suggesting is, the federal goverment of somalia should build...
For anyone interested about the claim I made about Somalia's economy growing at 30% in 1975.
Here is the link data.
With the exception of 1974 due to the drought, Somalia under Said Barre was growing at a record...
Filipino seeds were well suited to our climates as opposed to Chinese seeds
The two shabelle regions are blessed , they alone can feed the entire somali population who reside in the Horn of africa and there would still be enough produce left for exports.
We have no right to starve like...
Berbera Fuel Depot - Privatized and bidding is underway.
Berbera Port - Stalled.
Berbera Cement Factory - Failed due to local opposition.
Hargeisa Airport - Not privatized.
Wadani has been the main opposition to privatization of national assets both locally and in parliament however the fuel...