How is South Sudan's economy more than10x bigger than Somalia?

[IPushFatKids]

South Sudan
GDP: 4 Billion
Population: 11 million

Somalia
GDP: 950 million. The only country in Africa without a 'B'!
Population: 16 million

Anyone else surprised by this? A landlocked country with a WORSE history of violence yet still 10x more prosperous than Somalia?

There is truly no hope!

 

[Username]

What is your source? Google is telling me it's around 4 or 5 billion for Somalia, still pitiful though.

 

[Based]

Somalia is at 14 billion. Stop spreading nonsense

 

[pirater]

you searched Somalia gdp, and did not check the date.

 

[RajaaSom]

We will inshaAllah be wealthier soon. We will have grapes being dangle above us to eat like Romans soon lol. BP is going to pump oil from our beautiful sources if they people are fine with wealth insshAllah.

 

[Aden22]

Highly doubt any stats about Somalia are actually accurate when the FGS only controls Mogadishu, AS controls a fifth of the country and a third of the country claims to be a separate entity lol

 

[Aurelian]

Somalia's GDP is estimated to be 13 billion or so.

 

[SomaliWadaniSoldier]

Its unfair to compare Oil rich South Sudan to Somalia

 

[Ahmed Ato]

South Sudan
GDP: 4 Billion
Population: 11 million

Somalia
GDP: 950 million. The only country in Africa without a 'B'!
Population: 16 million

Anyone else surprised by this? A landlocked country with a WORSE history of violence yet still 10x more prosperous than Somalia?

There is truly no hope!

not true. check your numbers.

per capita, Somalia is higher than South Sudan and that is the important one since it takes population into account.

South sudan

GDP (nominal)	2018 estimate
• Total	$3.194 billion[12]
• Per capita	$246[12]

Somalia.

GDP (nominal)	2019 estimate
• Total	US$5.218 billion[8] (184th)
• Per capita	US$348[8] (193rd)

are you South Sudanese making up these lies to feel better about yourself?.

 

[Qeelbax]

not true. check your numbers.

per capita, Somalia is higher than South Sudan and that is the important one since it takes population into account.

South sudan

GDP (nominal)	2018 estimate
• Total	$3.194 billion[12]
• Per capita	$246[12]

Somalia.

GDP (nominal)	2019 estimate
• Total	US$5.218 billion[8] (184th)
• Per capita	US$348[8] (193rd)

are you South Sudanese making up these lies to feel better about yourself?.

I thought @Nilotic was the only south Sudanese, 99% sure @IPushFatKids is somali lol

 

[Ras]

We're then 2nd poorest then

 

[IPushFatKids]

you searched Somalia gdp, and did not check the date.
View attachment 196852

Ouch lol
My bad, it did seem quite low, shouldn’t have passed the smell test.

But still pitiful to be honest. We have bigger population, open shores and much bigger country, we shouldn’t be neck and neck with a country 10 years old.

 

[IPushFatKids]

Somalia is at 14 billion. Stop spreading nonsense

What planet are you on? What industries do you think contribute to 14 billion in Somalia’s economy? Dahabshiil? Banana exports? 14 billion is way far off than 950 million.

 

[Periplus]

What planet are you on? What industries do you think contribute to 14 billion in Somalia’s economy? Dahabshiil? Banana exports? 14 billion is way far off than 950 million.

Let me explain this for everybody here: GDP is all the money flow in the country.

Equation for GDP: Consumption + Investment + Gov't Spending + Net Exports

Somalia's government spending (FGS + SL + PL + JL etc) alone is above 1 Billion a year.

Investment projects such as Garacad and Berbera port plus all the projects done in Somalia contribute to GDP figures.

The expenditure of everyone in the country also counts towards GDP.

 

[IPushFatKids]

Let me explain this for everybody here: GDP is all the money flow in the country.

Equation for GDP: Consumption + Investment + Gov't Spending + Net Exports

Somalia's government spending (FGS + SL + PL + JL etc) alone is above 1 Billion a year.

Investment projects such as Garacad and Berbera port plus all the projects done in Somalia contribute to GDP figures.

The expenditure of everyone in the country also counts towards GDP.

Thanks for the reminder but I don't think anyone here is quarrelling about the definition of GDP or how it's calculated.

Just the figure is in dispute, there is a HUGE difference between 3-4B and 14B.....anyone who has been to Somalia in the last 5 years and knows it's not the latter.

 

[Periplus]

Thanks for the reminder but I don't think anyone here is quarrelling about the definition of GDP or how it's calculated.

Just the figure is in dispute, there is a HUGE difference between 3-4B and 14B.....anyone who has been to Somalia in the last 5 years and knows it's not the latter.

I have to preface this by saying that this nowhere near sound economic advice but I understand how people get to the 14 billion mark.

Let me explain:

If the average Somali spends around $100 a month as disposable income.

That's on average $1200 a year per person in Somalia (averaging out the children, diaspora, businessmen, extremely poor).

Now multiply $1200 a year by the amount of people in Somalia (say 10 million).

12 Billion from consumption alone.

That's a lowball figure that does not include government expenditure, net exports and investment.

 

[Bo$$man]

We have a large nomadic community as well. I’m not sure our livestock value is included in these data.

 

[freedomrider]

Our GDP is not fully optimized, most of GDP is consist of diaspora money sending to fuel consumption. Right now they are just doing a guess, but when the war is over they can do more accurate measurement. If we do farming and improve our dairy production we can easily double triple our GDP.

 

[Nilotic]

South Sudan's GDP dropped from $18 billion in 2013 to just $4 billion in 2020; the outbreak of war in December of 2013 is responsible for the precipitous drop.

We were 'growing' as high as 26% per annum prior to this immoral, destructive and totally unnecessary war. That figure was not impressive because it was purely a derivative of oil sales and the fact that terribly poor Nations (like ours) experience these growths in GDP due to how poor they are.

The state that South Sudan is in makes it impossible to expect even the slightest bit of clear-thinking and competance from a rabble of clinically retarded mis-leaders not even qualified to run a small soup kitchen, let alone a Nation-State; they’re such bellends that they squandered $20 billion since the Interim Period.

In a long list of many failures, Juba inexplicably failed to build an alternative pipeline during the Interim Period and negotiated (with the Afro-Arabs) the most obscenely disadvantageous oil transit fees in the history of mankind — 10x the international rate; these bullet to the head deserving ghouls allowed themselves to be extorted by Khartoum when they agreed to pay them $3.5 billion in compensation for South Sudan's independence...


..A perverse inversion; those mouth-breathing retards in Juba were left with no choice but to agree to that humiliating arrangement due to their unspeakable stupidity, myopia, corruption and incompetance; if I had it my way, they would all be forced against the wall and shot - or hit with missiles until there is nothing left but hair, teeth and eyeballs.

 

[IPushFatKids]

I have to preface this by saying that this nowhere near sound economic advice but I understand how people get to the 14 billion mark.

Let me explain:

If the average Somali spends around $100 a month as disposable income.

That's on average $1200 a year per person in Somalia (averaging out the children, diaspora, businessmen, extremely poor).

Now multiply $1200 a year by the amount of people in Somalia (say 10 million).

12 Billion from consumption alone.

That's a lowball figure that does not include government expenditure, net exports and investment.

You have a fair point, I think the $100 a month is slightly on the high end but still the 12 Billion is way more than 4. Makes me wonder how the hell they come up with these figures.