Somalia's GDP is terrible for its population, even in African standards

GDP by African country

1. Zambia, 19.55 billion USD
2. Zimbabwe, 16.29 billion USD
3. Senegal, 14.77 billion USD
4. Mali, 14.05 billion USD
5. Burkina-Faso, 12.2 billion USD
6. Chad, 9.601 billion USD
7. South Sudan, 9.015 billion USD
8. Benin, 8.583 billion USD
9. Rwanda, 8.376 billion USD
10. Guinea, 6.218 billion USD
11. Somalia, 6.127 billion USD
12. Malawi, 5.442 billion USD
13. Burundi, 3.007 billion USD

All these African countries have a minimum population of 10.5 million and a maximum 18.6 million. In this population range, Somalia has the 3rd worst GDP. Chad and Senegal each have around 14 million citizens which is the same as Somalia, but they rank higher in GDP.
 

Zero

Somaliland patriot
Somaliland has a population of 3.9 million and a GDP of 2.5 billion USD with no debt at all compared to that of Somalia who has a population of 12.1 million and a GDP of 6.2 billion USD with a huge external debt.

The AMISOM colony is failing just as expected.A dark future awaits you.:bell:
 

Manafesto

[Biyo Kullule iyo Baalade]#PIM#N&NDown
VIP
Look how many countries have lower GDP than us. If Somalia didnt get into a civil war, I am pretty sure we would be on the top 50 world wide .Screenshot_2018-04-16-01-53-29.jpg
 

RasCanjero-

Self imposed exile
What do you expect when most of your population herds livestock.

Their whole economic contribution revolves around how many livestock they control divided by the end of their families (a lot).

80% of our GDP consist of the 2 billion dollars sent home through remittance that's spread around in our major cities.

We can double our GDP tomorrow by processing those livestock in Somalia before exporting them.
 
The sad thing about Somalia is that not only is it a desperately poor country, but it's stuck being poor. Paul Colliers's Bottom Billion outlines how the poorest countries will remain poor due to various 'traps,' such as the conflict trap which is one of several traps Somalia is enmeshed in. I am sure climate change will just make the situation even worse. Living in Somalia is probably one of the worst fates a modern human can experience. No wonder everyone wants to get out.
 

Yaquub

VIP
The sad thing about Somalia is that not only is it a desperately poor country, but it's stuck being poor. Paul Colliers's Bottom Billion outlines how the poorest countries will remain poor due to various 'traps,' such as the conflict trap which is one of several traps Somalia is enmeshed in. I am sure climate change will just make the situation even worse. Living in Somalia is probably one of the worst fates a modern human can experience. No wonder everyone wants to get out.
I hear europe is good at least that's what some arabs and africans are telling me. Nice fertile women,weak men, good land and wide enough for all savages who have ruined their countries.
 

Cotton Eyed Joe

More law, less justice.
VIP
Somaliland has a population of 3.9 million and a GDP of 2.5 billion USD with no debt at all compared to that of Somalia who has a population of 12.1 million and a GDP of 6.2 billion USD with a huge external debt.

The AMISOM colony is failing just as expected.A dark future awaits you.:bell:
Somaliland's GDP per capita is much lower than the rest of Somalia including Puntland.
 

Manafesto

[Biyo Kullule iyo Baalade]#PIM#N&NDown
VIP
Somaliland's GDP per capita is much lower than the rest of Somalia including Puntland.
If the whole Somalia GDP is around 7 Billions, Somaliland and Puntland both claiming 3 and 2 Billions respectively , Does it mean the rest of Somalia's GDP is 1 Billion, Who is lying then?:faysalwtf:
 

Zero

Somaliland patriot
Somaliland's GDP per capita is much lower than the rest of Somalia including Puntland.
Says a single report based on assumptions.The author of that report didn't go to any somali region and used third party sources which he didn't even disclose.Don't talk bullshit and show other reports.Oh wait,they don't exist.:dead:

Explain to me how Puntland can have a decent GDP per capita with no major companies and small businesses to generate revenue? Why doesn't the Puntland goverment collect any form of tax? How can have a decent GDP per capita when you can't even afford to pay for your 10 militia soldiers and tiny civil servant pool while Somaliland operates on a self funded budget by collecting tax and pays for 75K soldiers and a large civil servant pool each month on time while also bribing SSC clan elders.:draketf:
If the whole Somalia GDP is around 7 Billions, Somaliland and Puntland both claiming 3 and 2 Billions respectively , Does it mean the rest of Somalia's GDP is 1 Billion, Who is lying then?:faysalwtf:
Somalia's GDP is 6.2 billion USD.Its doesn't include the 2.5 billion USD GDP of Somaliland.Puntland has a of GDP 800 million USD.Most of Somalia's GDP belongs to Mugadishu.Viva la Hawiye businessmen.:salute:
 
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Cotton Eyed Joe

More law, less justice.
VIP
If the whole Somalia GDP is around 7 Billions, Somaliland and Puntland both claiming 3 and 2 Billions respectively , Does it mean the rest of Somalia's GDP is 1 Billion, Who is lying then?:faysalwtf:
GDP of Somalia is 6.2b, the figure isn't broken down to regions. He's making up random figures. However per capita has been released in the World Bank study and Somaliland was much below Somalia. You can find the thread in the development section.
 

Zero

Somaliland patriot
GDP of Somalia is 6.2b, the figure isn't broken down to regions. He's making up random figures. However per capita has been released in the World Bank study and Somaliland was much below Somalia. You can find the thread in the development section.
This idiot MJ @Cotton Eyed Joe is truly funny. @Manafesto The 6.2 billion USD GDP of Somalia doesn't include the GDP of Somaliland which is 2.5 billion USD.This is a fact.Puntland is Mugadishu's *****.This is a fact.Go fetch some water for the Hawiye businessmen pirate boi @Cotton Eyed Joe .Ever since the start of the 2010's when your pirating industry died you have been more broke than Jubbaland.

That single report was based on assumptions.The author of that report didn't go to any somali region and used third party sources which he didn't even disclose.Don't talk bullshit and show other reports.Oh wait,they don't exist.:dead:

@Cotton Eyed Joe Please explain to us to us how Puntland can have a decent GDP per capita with no major companies and small businesses to generate revenue? Why doesn't the Puntland goverment collect any form of tax? How can you have a decent GDP per capita when you can't even afford to pay for your 10 militia soldiers and tiny civil servant pool while Somaliland operates on a self funded budget by collecting tax and pays for 75K soldiers and a large civil servant pool each month on time while also bribing SSC clan elders.:what:
 

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