Economy of Somalia

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Despite civil unrest, Somalia has maintained a healthy informal economy, based mainly on livestock, remittance/money transfer companies, and telecommunications. Livestock exports in recent years have been severely reduced by periodic bans, ostensibly for concerns of animal health, by Arabian Peninsula states. Drought has also impaired agricultural and livestock production. Because rainfall is scanty and irregular, farming generally is limited to certain coastal districts, areas near Hargeisa, and the Jubba and Shebelle River valleys. The modern sector of the agricultural economy consists mainly of banana plantations located in the south, which have used modern irrigation systems and up-to-date farm machinery. Somalia has meager natural resources such as oil, gemstones, and salt. Economic progress in Somalia is decidedly mixed. As of January 2007, Somalia is still a fragile state with hundreds of thousands of refugees due to massive floods and the latest fighting of the civil war.

Weitere Informationen

  • Allgemeine Informationen
    • GTIN 09786130729356
    • Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
    • EAN 9786130729356
    • Format Fachbuch
    • Titel Economy of Somalia
    • Herausgeber Alphascript Publishing
    • Anzahl Seiten 116
    • Genre Wirtschaft

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