What’s Somalia’s current GDP per capita?

[BetterDaysAhead]

I heard per capita is more important for measuring economic development

 

[Teflon]

500 dollars

 

[BetterDaysAhead]

500 dollars

Source?

 

[Teflon]

Source?

google somalia gdp per capita and you'll get 499 practically 500 dollars ofc

 

[OTF]

GDP is at 8.45 USD Billion / 15.5 mill= 545$ per capital
Those Are Rookie Numbers we need we gotta pump those up

 

[BetterDaysAhead]

google somalia gdp per capita and you'll get 499 practically 500 dollars ofc

That’s from 2017 sxb what’s the more recent measure?

 

[Mr.Haggis]

After the oil and gas it will be at least 100k

 

[Xasusi]

After the oil and gas it will be at least 100k

Let's bring it out already and turn into Qatar. But ofc we need very strong borders and army to keep the Africans out.

 

[Basra]

$99 cent

 

[Mr.Haggis]

Let's bring it out already and turn into Qatar. But ofc we need very strong borders and army to keep the Africans out.

we’re less than 20 mil (population)

we have a potential of at least 110 billion, (I reckon it’s around 200 billion barrels of oi).

that’s trillions of dollars

 

[babooshke]

we’re less than 20 mil (population)

we have a potential of at least 110 billion, (I reckon it’s around 200 billion barrels of oi).

that’s trillions of dollars

the problem is, we don't have the capital to mine the oil ourselves which means we won't be able to seek full profits and will have to give up some money to a foreign entity to come in and grab it, so we won't be looking exactly like the arabs who had the resources to mine their own oil

 

[OTF]

the problem is, we don't have the capital to mine the oil ourselves which means we won't be able to seek full profits and will have to give up some money to a foreign entity to come in and grab it, so we won't be looking exactly like the arabs who had the resources to mine their own oil

True the gov would most likely make around 25-35 percent profit for the first few years. But still tho if south sudan can produce 350,000 barrels per day in middle of civil war with only 1.1 billion barrels in reserve we can produce 5x-10x more then that easily. We also cant forget natural gas too. The gov can make 20b+ a year

 

[Aurelian]

Do you know that rental rates are between 300 to up in cites like garoowe and hargeisa, and this is without including water and electricity. So the adequate income for each family in hargeisa for example is 700 at least, or 500-600 in garoowe.