Somalia Economy - 1986

GEOGRAPHICAL NAMES 

GDP: $1,875 million (1982 est.), $380 per capita

Somalia

Natural resources: uranium, iron, tin, gypsum, bauxite

Agriculture: mainly a pastoral country, raising livestock; crops—bananas, sugarcane, cotton, cereals

Major industries · a few small industries, including sugar refining, tuna, beef canning, textiles, iron rod plant, and petroleum refining

Electric power: 63 600 kW capacity (1985); 83 million kWh produced (1985), 10 kWh per capita

Exports: $107 million (f.o.b., 1985 est.); livestock, hides, skins, bananas

Imports: $561 million (c.i.f., 1985 est.); textiles, cereals, transport equipment, machinery, construction materials and equipment, petroleum products; also military materiel in 1977

Major trade partners: exports—Saudi Arabia 65 8%, Italy 14.1% (1983); imports— Italy 28.1%, Saudi Arabia 15.5%, US 12% (1983)

External debt: $1.5 billion (1985 est.); external debt service 48% of exports of goods and services

Budget: (1983 est. in percent of GDP) revenues and grants, 13.9%; current expenditures, 7.2%; investment expenditures, 10%

Monetary conversion rate: official rate— 40.6 Somali shillings=US$l; legal free market—100 Somali shillings=US$l (October 1985)

Fiscal year: calendar year

NOTE: The information regarding Somalia on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Somalia 1986 information contained here. All suggestions for corrections of any errors about Somalia 1986 should be addressed to the CIA or the source cited on each page.