Search within this web site:

 
you are here ::

Somalia, Economy

The economy of Somalia is based primarily on livestock raising. Crop farming was of importance only in the south. Efforts to diversify and modernize the economy were directed by the government through a series of development plans, extensively assisted by foreign grants and loans. In the late 1980s the gross national product (GNP) was estimated at only $290 per capita. In the early 1990s, with the Somalian economy in a state of collapse because of the civil war, the GNP had fallen to $36 per capita.

deeper links ::
 
 

Search within this web site: