Puntland Gets Recognised Before Somaliland LOLOLOL

[Lordilord]

Somaliland ha noolato!! We will declare war against Sri Lanka

 

[MadNomad]

The state rivalries on this forum, such pettiness

 

[waraabe]

Kkkkk puntlanders forever comparing themselves to Somaliland

 

[Foreman]

Puntland's GDP is $1.3Billion (2013 estimate)

http://documents.worldbank.org/cura...st-Edition-Somalia-Economic-Update-Report.pdf

i Doubt theres more than 200 million in Hargeisa

I've read this report before and its GDP figures for PL are hearsay (government crunching numbers) In case of SL its GDP was calculated by 3rd party, the World Bank. The picture gets clear when you see the figures how the F you have a 1.3 billion GDP economy next to a 60 million budget??? that's insane! PL real GDP is somewhere between 500 and 750 million dollar.


I am not goin' to quote the whole report but had you read it fully you will draw the conclusion that SL economy is vastly superior to PL in terms of volume, stability and efficiency.




Somalia’s GDP in 2013 was estimated at about $5.4 billion. In current dollar terms, Somalia’s economy is larger than the economies of the
Central African Republic, Djibouti, Burundi, Eritrea, and Malawi (Figure 3.1). Out of 46 Sub-Saharan African countries, Somalia’s economy ranks 16th
from bottom in terms of size. Total GDP estimate simply a per capita GDP of $435, making Somalia the fifth-poorest country in the world (after Malawi, Burundi, the Central African Republic, and Niger) (Figure 3.2). Somalia’s per capita income is 20– 40 percent higher than GDP per capita, because massive inflows of remittances allow households to top up own-generated income (used to measure GDP per capita).The recent estimate of Somaliland’s GDP by the World Bank put it at $1.6 billion in 2012. Estimates by the authorities in Puntland estimate its GDP at $1.3 billion in 2010.


The same scenario is observed in Somaliland, where government revenue increased from $84 million in 2011 to $114 million in 2014 and is projected to reach $152 million in 2015. Puntland expenditures increased from $52.7 million in 2012 to $62.0 million in 2013. Continued improvement in the security situation in Somalia is attracting business activities, as more areas come under government control.