Somali's GDP per Capita is false

[Barkhadle1520]

Yep . The flood hit the hardest in the south because of the two rivers. EL Nino was truly a once in a century flood. The most equivalent to this that i have learned about recently is the yellow river flood : https://en.wikipedia.org/wiki/1938_Yellow_River_flood#Damages

I learned about it from a youtube video titled "China's Massive Dam (Which Collapsed)"

It was a Sypertyphoon La Nina that pretty much devastated large parts of Chinese and they really didn't recover from it fully for many years to come. It was once in a thousand year flood.

The drought and dry period can be somewhat manageable through water harvesting, storage and supply systems and the lands productivity usually recovers when the rainy season comes , that's why those displaced strictly by drought only are actually minimal in comparison.

To me what i find inspiring really is what the Seed System Groups articulated, namely the resilience and forward thinking spirit, despite the setbacks they refused to be held back by it.
View attachment 363690

Also correct me if I'm wrong but the 2023 drought actually started in 2021 right ?

 

[Zak12]

In comparison, our neighbor Ethiopia has 15.8M people who face high food insecurity according to the FSNWG.

What about per capita? Ethiopia has a much bigger population.

 

[Barkhadle1520]

What about per capita? Ethiopia has a much bigger population.

We're like 8% ahead of them pretty sure

 

[dcstardude]

Forget about the Oil we're not seeing it in our lifetime.

Oil is literally being drilled right now wdym we'll literally be seeing that shit within 5-10 years

 

[Barkhadle1520]

Oil is literally being drilled right now wdym we'll literally be seeing that shit within 5-10 years

I stand corrected, you were right but it's not being drilled right now

 

[Barkhadle1520]

Livestock has great wealth-generating potential than we often realize. Instead of exporting animals wholesale, we can process them into a wide range of industrial goods — leather, plastics, cosmetics, medicines, fertilizers, and more.

Just from dairy alone: milk and dairy products generated $6 billion domestically in 2016.

And it's already starting , beyond milk and dairy processors, Somalia has begun opening meat processing plants and modern slaughterhouses.



But fish can also be extremely lucrative if we scale production of it,

And i almost forgot the large fish processing plant they are building in Garcad


I wonder how far they come with the construction..





Check my posts about this:

Somalia Fishing

Won’t be much left with all these sales and MOU

www.somalispot.com

From 2017 and 2025 they have built extensive cold chain infrastructure across the Somali coast and storage/processing facilities, plants, started to invest in fish farms and they have also opened up shops to sell them locally as well in the major cities , not just exports so the revenue numbers is probably in the hundreds of millions now.

The gov wants to export more fish by 2027

Also interesting thing, Gov. knows most of the economy is largely informal and they admit over half the workforce is employed in the private sector

Here they plan on soon opening a department which will do financial reporting using internationally recognized standards like IFRS (International Financial Reporting Standards) for private sector financial reporting, so we may see more accurate estimations of the informal economy in the future,

I dont know if they plan on giving more accurate estimates on mobile money tho, they just give vague initiatives on ICT regulations

 

[Midas]

Honestly considering how many factors seem to br falling into place like this oil money and our fast pouplation and economic growth. The transformation Somalia will likely undergo over the next 2-3 decades will probably be the fastest in Africa and maybe even the world ( especially since our pouplation isn't so large that we need a huge share of the world's economic growth that countries like ethiopia or Nigeria or Pakistan would need )

 

[Barkhadle1520]

Honestly considering how many factors seem to br falling into place like this oil money and our fast pouplation and economic growth. The transformation Somalia will likely undergo over the next 2-3 decades will probably be the fastest in Africa and maybe even the world ( especially since our pouplation isn't so large that we need a huge share of the world's economic growth that countries like ethiopia or Nigeria or Pakistan would need )

Corruption which leads to political unstability is literally nerfing us so bad, were last on the CPI score. Seeing how things are going right now if the gov is still as corrupt in a few years it will lead to worsening politicial stability and we may see African union troops leaving and FGS getting overrun by shabab