Economy of Somalia

Somalia is classified by the United Nations as a least developed country. Despite experiencing two decades of civil war, the country has maintained an informal economy, based mainly on livestock, remittance/money transfers from abroad, and telecommunications. Due to a dearth of formal government statistics and the recent civil war, it is difficult to gauge the size or growth of the economy. For 1994, the CIA estimated the GDP at purchasing power parity (PPP) to be $3.3 billion. In 2001, it was estimated to be $4.1 billion. By 2009, the CIA estimated that the PPP GDP had grown to $5.731 billion, with a projected real growth rate of 2.6%. In 2014, the International Monetary Fund estimated economic activity to have expanded by 3.7 percent primarily driven by growth in the primary sector and secondary sector. According to a 2007 British Chambers of Commerce report, the private sector has experienced growth, particularly in the service sector. Unlike the pre-civil war period when most services and the industrial sector were government-run, there has been substantial, albeit unmeasured, private investment in commercial activities; this has been largely financed by the Somali diaspora, and includes trade and marketing, money transfer services, transportation, communications, fishery equipment, airlines, telecommunications, education, health, construction and hotels.

Somalia

Coordinates: 10°N 49°E / 10°N 49°E / 10; 49

Somalia (/səˈmɑːliə, soʊ-, -ljə/so-MAH-lee-ə; Somali: Soomaaliya; Arabic: الصومال‎ aṣ-Ṣūmāl), officially the Federal Republic of Somalia (Somali: Jamhuuriyadda Federaalka Soomaaliya, Arabic: جمهورية الصومال الفدرالية‎ Jumhūrīyat aṣ-Ṣūmāl al-Fidirālīyah), is a country located in the Horn of Africa. It is bordered by Ethiopia to the west, Djibouti to the northwest, the Gulf of Aden to the north, the Indian Ocean to the east, and Kenya to the southwest. Somalia has the longest coastline on the continent's mainland, and its terrain consists mainly of plateaus, plains and highlands. Climatically, hot conditions prevail year-round, with periodic monsoon winds and irregular rainfall.

Somalia has a population of around 10.8 million. Around 85% of its residents are ethnic Somalis, who have historically inhabited the northern part of the country. Ethnic minorities are largely concentrated in the southern regions. The official languages of Somalia are Somali and Arabic, both of which belong to the Afroasiatic family. Most people in the country are Muslim, with the majority being Sunni.

Somália (footballer)

Wanderson de Paula Sabino (Portuguese pronunciation: [ˈvɐ̃deʁsõ dʒi ˈpawlɐ sɐˈbinu]) ([sɔˈmaʎɐ], born June 22, 1977 in Nova Venécia), nicknamed Somália, is a Brazilian striker. He currently plays for America.

Career

On 27 April 2009, the right wingback Carlinhos and the forward terminated their contract with Náutico after their bad performances in this first part of the season.

Honours

External links

Somalia (album)

Somalia is an album by saxophonist Billy Harper recorded in 1993 and released on the Evidence label.

Reception

In his review for AllMusic, Scott Yanow states "This CD contains some of Billy Harper's finest playing in years".

Track listing

All compositions by Billy Harper

Personnel

References