Economy of Somalia

Imports

Imports commoditiesmanufactures, petroleum products, foodstuffs, construction materials, qat

Import partnersDjibouti 27.3%, India 13.2%, Kenya 7.1%, China 6.7%, Pakistan 6.4%, Oman 5.1%, UAE 5%, Yemen 4.4% (2012)

Exports

Exports commoditieslivestock, bananas, hides, fish, charcoal, scrap metal

Export partnersUAE 51.7%, Yemen 18.1%, Oman 13% (2012)

Economy sectors

Agriculture productsbananas, sorghum, corn, coconuts, rice, sugarcane, mangoes, sesame seeds, beans; cattle, sheep, goats; fish

Industrial productsa few light industries, including sugar refining, textiles, wireless communication

Economy

GDP growth rate2.60 % (2010)2.60 % (2009)2.60 % (2008)

GDP per Capita (PPP)600 $ (2010)600 $ (2009)600 $ (2008)

GDP - Purchasing Power Parity5.90 Billion $ (2010)5.75 Billion $ (2009)5.61 Billion $ (2008)

GDP PPP per land area9,246 $ per square kilometer (2010)9,017 $ per square kilometer (2009)8,793 $ per square kilometer (2008)

Electricity

Banking

GDP decomposition by sector

Debt, Current Account Balance and Budget Deficit

External Debt Stocks (Percentage of GNI)284 % of GNI (1990)213 % of GNI (1989)213 % of GNI (1988)

Short-term debt (percentage of total external debt)27.1 % of total external debt (2012)26.8 % of total external debt (2011)26.6 % of total external debt (2010)

External Debt (Total)3.05 Billion $ (2012)3.05 Billion $ (2011)2.94 Billion $ (2010)

External Debt (Percentage of GDP)129 % of GDP (2012)129 % of GDP (2011)124 % of GDP (2010)

External Debt per Capita300 $ (2012)307 $ (2011)305 $ (2010)