poverty

Source: https://fsnau.org/sectors/markets Although Somalia is a heavily dollarized economy, it is experiencing inflation that is significantly higher than what you would expect from a dollarized economy. US CPI rose 22% in the same time period. 15 of the 18 regions are above that benchmark...

No one chooses to be poor, but apparently the rapper DDG thinks so. Sickening that some people who came from that environment can turn around and use White Supremacist rhetoric towards their own.

Each month FAO Somalia surveys each region's markets to find out how much basic commodities cost. FAO agents go to as many stores as possible in each market town to find the average price of Vegetable Oil, sorghum etc... They then calculate how much it would cost, in cash dollars, to sustain a...

Monthly Cost of food items for a family of 6 (Cereals, Sugar, Vegetable Oil & Cowpeas) Monthly Cost of Non-Food items for a family of 6 (Kerosene, Soap, Firewood, 200 liter Water Drum, Medicine, school fees, Cereal grinding cost, Clothes, Social tax) Monthly Cost of Minimum Expenditure...

Foreign aid and remittances from the diaspora accounted for an unbelievable 79% of GDP in 2020. Somalia's internal economy is incredibly unproductive, with the trade deficit at a whopping 91% of GDP in 2020, due to the inability to export livestock as a result of the cancellation of the Hajj and...

is 44%. Basically there are these things in America that have been introduced or will be introduced called Opportunity Zones.These are zones where poverty is high and areas where there are a lot of problems which the government are hoping that investments into businesses and property willl help...

As promised @AussieHustler , this is all my opinion backed up by anecdotes of Somali history. Where do the rest of you fit? Check your abtirsi and find out.

I have always said that Somalia is in a Malthusian Trap. https://www.somalispot.com/threads/somalia-is-in-a-malthusian-trap.19517/ All increases in GDP are being swallowed by even faster population growth. GDP grew by an average of 2.9% from 2013-2017, but GDP per capita fell by 5.5 in the same...

Is Puntland the richest region in Somalia. Please check out the word bank studies!!! This theme keeps coming back quite regularly in every report regarding economic situation of different regions...