er; design based on the flag of the UN (Italian
Somaliland was a UN trust territory)
Government--note: While chaos and clan fighting continue in most
of Somalia, some orderly government has been established in the
northern part. In May 1991, the elders of clans in former British
Somaliland established the independent Republic of Somaliland,
which, although not recognized by any government, maintains a stable
existence, aided by the overwhelming dominance of the ruling clan
and the economic infrastructure left behind by British, Russian and
American military assistance programs. The economy has been growing
and in February 1996 the EU agreed to finance the reconstruction of
the port of Berbera; since then, other aid projects have been
assumed by the EU and by a non-governmental Italian organization.
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. After livestock, bananas are the
principal export; sugar, sorghum, corn, and fish 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, as of early 1999, ongoing civil disturbances in Mogadishu
and outlying areas are interfering with any substantial economic
advance.
GDP: purchasing power parity--$4 billion (1998 est.)
GDP--real growth rate: NA%
GDP--per capita: purchasing power parity?$600 (1998 est.)
GDP--composition by sector:
agriculture: 59%
industry: 10%
services: 31% (1995 est.)
Population below poverty line: NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): NA%
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 industri
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