Tag Archives: solamia

The Economy of Somalia

Somalia is a country that has experienced internal conflict and war for much of it’s history. Violence and death have become daily realities for the people of Somalia since the central government was overthrow in 1991. There are thousands of refugees throughout the country that have been displaced by the ongoing civil war, as well as reoccurring floods that have plagued the country. Famine is widespread throughout Somalia due to drought and the failure of crops. 300,000 people have died because of starvation and malnutrition and thousand continue to suffer. Somalia has many problems and is considered a relatively poor country, but in comparison to many other African countries Somalia is doing well for itself, especially it’s economy. Though the Somalian economy does not grow and flourish, it continues to be maintained. One would think that due to the civil unrest that is taking place within the country and the absence of a stable government for over eighteen years, the Somalia economy would be in shambles. This is not the case. Somalia has been able to manage the continued existence of a lively informal economy. The Somalia economy depends a great deal on telecommunications and livestock. Farm animals account for … Continue reading