I have always said that Somalia is in a Malthusian Trap.
https://www.somalispot.com/threads/somalia-is-in-a-malthusian-trap.19517/
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 period. Poverty is actually increasing in Somalia, even as the economy becomes bigger. Somalia's economy is experiencing pre-modern economic growth and the Malthusian model fits perfectly. I cannot stress how SHOCKED I am, Somalia is in the middle ages economically. Even in FUCKING 2016 when the economy grew at 4.4%, per capita income fell. This means that Somalia's population growth rate is above 4.4%, which means that Somalia has the highest rate of population growth in the world!
http://documents.worldbank.org/cura...0-WP-P165699-Somalia-Economic-Update-Ed-3.pdf
Instead of increasing the productivity of crop agriculture, Somalia is doubling down on livestock exports.
What is the problem with that you ask? Only that the livestock sector has been cratering since 2015 due to Saudi vs Qatar and drought.
The World Bank is predicting ~3.3 annual gdp growth for 2018-2020 but it does not matter since population growth is probably at 5 fucking percent! Meaning that every year for the next 3 years per capita income will decline by about 1.7%!










https://www.somalispot.com/threads/somalia-is-in-a-malthusian-trap.19517/
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 period. Poverty is actually increasing in Somalia, even as the economy becomes bigger. Somalia's economy is experiencing pre-modern economic growth and the Malthusian model fits perfectly. I cannot stress how SHOCKED I am, Somalia is in the middle ages economically. Even in FUCKING 2016 when the economy grew at 4.4%, per capita income fell. This means that Somalia's population growth rate is above 4.4%, which means that Somalia has the highest rate of population growth in the world!
http://documents.worldbank.org/cura...0-WP-P165699-Somalia-Economic-Update-Ed-3.pdf

Instead of increasing the productivity of crop agriculture, Somalia is doubling down on livestock exports.

What is the problem with that you ask? Only that the livestock sector has been cratering since 2015 due to Saudi vs Qatar and drought.

The World Bank is predicting ~3.3 annual gdp growth for 2018-2020 but it does not matter since population growth is probably at 5 fucking percent! Meaning that every year for the next 3 years per capita income will decline by about 1.7%!









