Imports$1.263 billion (2010 est.)
Exports$515.8 million (2010 est.)
Inflation rate (consumer prices)NA%
GDP - per capita (PPP)$600 (2010 est.)
National product real growth rate2.6% (2010 est.)
Internet users106,000 (2009)
Telephones - mobile cellular648,200 (2009)
Population growth rate1.596% (2012 est.)
Population10,085,638 (July 2012 est.)
About this country
Britain withdrew from British Somaliland in 1960 to allow its protectorate to join with Italian Somaliland and form the new nation of Somalia.
In 1969, a coup headed by Mohamed SIAD Barre ushered in an authoritarian socialist rule characterized by the persecution, jailing and torture of political opponents and dissidents.
After the regime's collapse early in 1991, Somalia descended into turmoil, factional fighting, and anarchy....
Despite the lack of effective national governance, Somalia has maintained a healthy informal economy, largely based on livestock, remittance/money transfer companies, and telecommunications.
Agriculture is the most important sector with livestock normally accounting for about 40% of GDP and more than 50% of export earnings.
Nomads and semi-pastoralists, who are dependent upon livestock for their livelihood, make up a large portion of the population....
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