FREE BOOKS

Author's List




PREV.   NEXT  
|<   1100   1101   1102   1103   1104   1105   1106   1107   1108   1109   1110   1111   1112   1113   1114   1115   1116   1117   1118   1119   1120   1121   1122   1123   1124  
1125   1126   1127   1128   1129   1130   1131   1132   1133   1134   1135   1136   1137   1138   1139   1140   1141   1142   1143   1144   1145   1146   1147   1148   1149   >>   >|  
factions have representatives in Washington Diplomatic representation from the US: the US does not have an embassy in Somalia; US interests are represented by the US Embassy in Nairobi at Mombasa Road; mail address: P. O. Box 30137, Unit 64100, Nairobi; APO AE 09831; telephone: [254] (2) 537800; FAX [254] (2) 537810 Flag description: light blue with a large white five-pointed star in the center; blue field influenced by the flag of the UN Government - note: An interim Transitional National Government - with a president, prime minister, and 245-member National Assembly - was established in Mogadishu in October 2000. However, other governing bodies continue to exist and control various cities and regions of the country, including Somaliland, Puntland, and traditional clan and faction strongholds. Economy Somalia Economy - overview: One of the world's poorest and least developed countries, Somalia has few resources and is prone to drought. Moreover, much of the economy has been devastated by civil war since 1991. Agriculture is the most important sector, with livestock accounting for about 40% of GDP and about 65% of export earnings. Nomads and semi-nomads, who are dependent upon livestock for their livelihood, make up a large portion of the population. Livestock, hides, charcoal, and bananas are Somalia's principal exports, while sugar, sorghum, corn, fish, qat, and machined goods are the principal imports. Somalia's small industrial sector, based on the processing of agricultural products, has largely been looted and sold as scrap metal. Despite the seeming anarchy, Somalia's service sector has managed to survive and grow. Telecommunication firms provide wireless services in most major cities and offer the lowest international call rates on the continent. In the absence of a formal banking sector, money exchange services have sprouted throughout the country, handling between $200 million and $500 million in remittances annually. Mogadishu's main market offers a variety of goods from food to the newest electronic gadgets. Hotels continue to operate, and security is provided by militias. Ongoing civil disturbances and clan rivalries, however, have interfered with any broad-based economic development and international aid arrangements. The failure of spring rains caused major food shortages in the south in 2001. Economic data is scare and prone to a wide margin of error. GDP: purchasing power parity - $4.1
PREV.   NEXT  
|<   1100   1101   1102   1103   1104   1105   1106   1107   1108   1109   1110   1111   1112   1113   1114   1115   1116   1117   1118   1119   1120   1121   1122   1123   1124  
1125   1126   1127   1128   1129   1130   1131   1132   1133   1134   1135   1136   1137   1138   1139   1140   1141   1142   1143   1144   1145   1146   1147   1148   1149   >>   >|  



Top keywords:

Somalia

 

sector

 
continue
 

cities

 

country

 
Mogadishu
 

National

 

million

 
Government
 

international


services

 

principal

 

Economy

 

livestock

 
Nairobi
 

provide

 

wireless

 

representation

 

anarchy

 

service


managed

 

survive

 

Telecommunication

 

Diplomatic

 

formal

 

absence

 

banking

 

exchange

 

continent

 
lowest

Washington

 

machined

 

imports

 
sorghum
 
exports
 
industrial
 

sprouted

 

looted

 
largely
 

processing


agricultural

 
products
 
Despite
 
handling
 

spring

 

failure

 
caused
 

shortages

 

arrangements

 

economic