Somali's GDP per Capita is false

[Barkhadle1520]

At first I thought even 5k sounded ridculous because I was thinking of vietnam and indonesia which are Also around there. But then j realizes that 5k would only gives us a gdp of 90 billion which is way smaller than Vietnam or Thailand's gdp which is in the several hundred billions range. If we take kenya as the comparison which has a similar total gdp and then add in the fact that Kenya's wealth is very much concentrated whereas somalia's is much more equally istributed then you realize a 5k gdp per capita isnt unrealistic at all.

By the way I forgot to say but 90b$ is the 2018 data and Kenya was also around 90B$ at that time, if you add yearly GDP growth % which is between 3-4% every year until 2025, you get around 101B$ GDP with 5800$ GDP per capita.

Can't wait until this becomes official, economy nerds will have a hard time understanding how it's possible lol

 

[Midas]

By the way I forgot to say but 90b$ is the 2018 data and Kenya was also around 90B$ at that time, if you add yearly GDP growth % which is between 3-4% every year until 2025, you get around 101B$ GDP with 5800$ GDP per capita.

Can't wait until this becomes official, economy nerds will have a hard time understanding how it's possible lol

I think a lot of it comes from rhe fact that somali's undeveloped public sector means that a lot of public sector goods (like roads and education) are way behind what would be normal for our gdp per capita level. The lack of foreign investment also means that the tech transfers and development of certain more high-tevh industries never happened.

 

[Midas]

I think a lot of it comes from rhe fact that somali's undeveloped public sector means that a lot of public sector goods (like roads and education) are way behind what would be normal for our gdp per capita level. The lack of foreign investment also means that the tech transfers and development of certain more high-tevh industries never happened.

While the avg quality of education in somalia is probably higher due to children being educated in their native language. 30-40 of children are still not enrolled in schools. There also don't seemed to be standardized somali textbooks at all

We have about 21 thousand km's in total road compared to kenyas 180 thousand Km's

This is where the oil money would change everything. Since these kinds of public goods require billions in investment. The oil money would allows us to not take billions in debt that countries in africa did to invest in education and public infrastructure.

 

[bobby_hill-Punt]

Either the geel

This is making me miss Hargeysa I miss climbing five billion hills to explore

Abayo are you short ?