• Somalia


    Somalia maintains an informal economy largely based on livestock, remittance/money-transfer companies and telecoms. Agriculture is the most important sector and livestock usually accounts for about 40% of GDP and more than 50% of export earnings. Telecoms firms provide wireless services in most major cities and offer the lowest international call rates on the continent. Mogadishu’s main market offers a variety of goods from food to electronic gadgets.

    Name Federal Republic of Somalia

    Capital Mogadishu

    Frequency of elections N/A (President elected 10 September 2012)

    Name of parliament Transitional Federal Parliament of the Somali Republic

    Languages Somali, Arabic, Italian, English

    Area 637 657 km2

    Population 10 428 043 (July 2014 est)

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

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

    Currency Somali shilling

    Source: CIA World Factbook
    Image: Alamy