0117
Reborn
Keynotes:
- In the first quarter of 2021, domestic revenue collection by the Government of Somaliland was 549.4 billion SLSh—a 20% increase from the 463.8 billion SLSh collected in the same period in 2020.
- On the expenditure side, the government spent 371.1 billion SLSh from the general government fund—representing a significant 25% underspend against a 496.9 billion SLSh target.
- The inflation rate in Somaliland significantly slowed in the first quarter of 2021, compared to the same period in 2020.
- The value of the Somaliland shilling in the first quarter of 2021 continued its increase against the US Dollar from December of 2020.
- The Financial contribution of Remittances in Somaliland was significantly higher in the first quarter of 2021 compared to the same period in 2020.
- In the first quarter of 2021, Somaliland exported 411,530 heads of livestock, representing a significant 93% increase from the previous quarter (i.e., Q4 of 2020).
- The nominal value of Somaliland’s imports1 in the first quarter of 2021 was approximately 4.5 trillion SLSH, representing a 1.9% increase from the last quarter of 2020 and a 6% increase compared to the
the first quarter of 2020. - In the first quarter of the year 2021, Somaliland registered 16,444 Air passenger arrivals and 18,922 departures—representing a significant 20% and 12% decrease from the same period in 2020, respectively.
