- note: An interim Transitional National Government -
with a president, prime minister, and 245-member National Assembly -
was formed in October 2000. However, other governing bodies continue
to exist and control various cities and regions of the country,
including Somaliland, Puntland, and traditional clan and faction
strongholds.

Somalia Economy

Economy - overview: One of the world's poorest and least developed
countries, Somalia has few resources. Moreover, much of the economy
has been devastated by the civil war. Agriculture is the most
important sector, with livestock accounting for about 40% of GDP and
about 65% of export earnings. Nomads and semi-nomads, who are
dependent upon livestock for their livelihood, make up a large
portion of the population. Livestock and bananas are the principal
exports; sugar, sorghum, corn, fish, and qat are products for the
domestic market. The small industrial sector, based on the
processing of agricultural products, accounts for 10% of GDP; most
facilities have been shut down because of the civil strife.
Moreover, ongoing civil disturbances in Mogadishu and outlying areas
have interfered with any substantial economic advance and with
international aid arrangements. Due to the civil strife, economic
data is susceptible to an exceptionally wide margin of error.

GDP: purchasing power parity - $4.3 billion (2000 est.)

GDP - real growth rate: NA%

GDP - per capita: purchasing power parity - $600 (2000 est.)

GDP - composition by sector: agriculture: 60%

industry: 10% (largely shut down in 2000)

services: 30% (2000 est.)

Population below poverty line: NA%

Household income or consumption by percentage share: lowest 10%: NA%

highest 10%: NA%

Inflation rate (consumer prices): over 100% (businesses print their
own money) (2000 est.)

Labor force: 3.7 million (very few are skilled laborers) (1993 est.)

Labor force - by occupation: agriculture (mostly pastoral nomadism)
71%, industry and services 29%

Unemployment rate: NA%

Budget: revenues: $NA

expenditures: $NA, including capital expenditures of $NA

Industries: a few small industries, including sugar refining,
textiles, petroleum refining (mostly shut down), wireless
communication

Industrial production growth rate: NA%

Electricity - production: 260 million kWh (1999)

Electricity - production by source: fossil fuel: 100%

hydro: 0%

nuclear: 0%

other: 0% (1999)

Electric