Somalia’s economy is predominantly based on agriculture and livestock, with livestock alone contributing approximately 40% of the country’s GDP. The economic structure relies heavily on income from remittances, a robust private sector, and foreign assistance. However, Somalia remains one of the least developed and poorest nations, with its growth potential constrained by limited investment and …
Trade, Transport and Infrastructure in Somalia
Somalia’s economy is predominantly based on agriculture and livestock, with livestock alone contributing approximately 40% of the country’s GDP. The economic structure relies heavily on income from remittances, a robust private sector, and foreign assistance. However, Somalia remains one of the least developed and poorest nations, with its growth potential constrained by limited investment and economic diversification.
This lack of diversification contributes to low productivity and restricts economic dynamism, limiting the country’s capacity to generate sustainable growth and create employment opportunities.
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