Somalia is no longer in the top 10 Poorest Countries 2024.

[Knaan99]

You guys already do Somalis are the loudest and most racist for no reason online please stop embarrassing us you have made being somali a pariah and something to be ashamed of.

I looked at ur massages history. I Just hope that ur hardcore troll or something. Even not, seek a therapist. I’m serious.

 

[Yahya]

Finally we out of this bahdil View attachment 319302

View attachment 319300

Poorest Countries in the World 2024

The world’s poorest countries suffer from civil wars, ethnic and sectarian strife. Soaring inflation has made their situations worse.

gfmag.com

Soon with the oil money we will be in the top 10 richest inshallah!

 

[0117]

Finally we out of this bahdil View attachment 319302

View attachment 319300

Poorest Countries in the World 2024

The world’s poorest countries suffer from civil wars, ethnic and sectarian strife. Soaring inflation has made their situations worse.

gfmag.com

Somalia is not on the top 10 list as it has limited data.

Even on the list the GDP per Capita is $1510 which isn't accurate at all and would even rank Somalia as the 4th poorest country. I believe they dismissed it due not having sufficient data.

You won't ever find a source that says Somalias GDP is above $2,000

You can even go through the country profile from the same website to see that the GDP per capita hasn't been calculated...

Somalia GDP and Economic Data

Browse a full set of economic indicators, selected by Global Finance editors, including real GDP growth rate, with latest forecasts and historical data, GDP per capita, GDP composition by sector, inflation and unemployment rates, public debt statistics and more. Financial and trade information...

gfmag.com

 

[Gaandheri]

International community to Somalia

 

[Dalac Bilaash]

Somalia is not on the top 10 list as it has limited data.

Even on the list the GDP per Capita is $1510 which isn't accurate at all and would even rank Somalia as the 4th poorest country. I believe they dismissed it due not having sufficient data.

You won't ever find a source that says Somalias GDP is above $1,000

You can even go through the country profile from the same website to see that the GDP per capita hasn't been calculated...

Somalia GDP and Economic Data

Browse a full set of economic indicators, selected by Global Finance editors, including real GDP growth rate, with latest forecasts and historical data, GDP per capita, GDP composition by sector, inflation and unemployment rates, public debt statistics and more. Financial and trade information...

gfmag.com

View attachment 319384

the gdp ppp doesn't mean gdp per capita its different it's the purchasing power parity

 

[0117]

the gdp ppp doesn't mean gdp per capita its different it's the purchasing power parityView attachment 319387

Yes I just missed out on adding PPP but what's above is till correct.

Explain how Somalia can come 11th on the list but has the 4th lowest GDP PPP?

 

[Dalac Bilaash]

Yes I just missed out on adding PPP but what's above is till correct.

Explain how Somalia can come 11th on the list but has the 4th lowest GDP PPP?

Where did you get the results here is the İMF 2024 source

www.forbesindia.com/amp/article/explainers/poorest-countries-in-the-world/87529/1

 

[Aarka.]

Somalia is not on the top 10 list as it has limited data.

Even on the list the GDP per Capita is $1510 which isn't accurate at all and would even rank Somalia as the 4th poorest country. I believe they dismissed it due not having sufficient data.

You won't ever find a source that says Somalias GDP is above $1,000

You can even go through the country profile from the same website to see that the GDP per capita hasn't been calculated...

Somalia GDP and Economic Data

Browse a full set of economic indicators, selected by Global Finance editors, including real GDP growth rate, with latest forecasts and historical data, GDP per capita, GDP composition by sector, inflation and unemployment rates, public debt statistics and more. Financial and trade information...

gfmag.com

View attachment 319384

Wooh, that's Tons of disinformation right there buddy.

The report you are reporting is the World Bank's last report in 2021 and if you look at the chart, below you can see how the GDP per capita has rapidly increased since 2018.

The World Bank has not reported anything since 2021. The new report from the IMF in February 2024 analyzes and reports the precise GDP per capita in Somalia which is 1510 USD.

Brother do your homework before misleading people.

 

[Dalac Bilaash]

Yes I just missed out on adding PPP but what's above is till correct.

Explain how Somalia can come 11th on the list but has the 4th lowest GDP PPP?

You're mistaking gdp per capita with gdp ppp

 

[Dalac Bilaash]

Wooh, that's Tons of disinformation right there buddy.

The report you are reporting is the World Bank's last report in 2021 and if you look at the chart, below you can see how the GDP per capita has rapidly increased since 2018.

The World Bank has not reported anything since 2021. The new report from the IMF in February 2024 analyzes and reports the precise GDP per capita in Somalia.

Brother do your homework before misleading people.

View attachment 319388

Thats old data Somalia current gdp per capita has grown to 717$ while the gdp reached 12 Billion

Source is from IMF

https://www.imf.org/external/datamapper/profile/SOM

 

[Aarka.]

Thats old data Somalia current gdp per capita has grown to 717$ while the gdp reached 12 Billion

You misunderstood my previous comment. Which bank has reported this and from which year? The last report from the IMF says 1510$ GDP per capita

 

[Dalac Bilaash]

You misunderstood my previous comment. Which bank has reported this and from which year? The last report from the IMF says 1510$ GDP per capita

That's the gdp ppp not the gdp per capita you guys don't seem to understand that gdp ppp and gdp per capita are two different things

 

[Aarka.]

That's the gdp ppp not the gdp per capita you guys don't seem to understand that gdp ppp and gdp per capita are two different things

Why would the banks bother calculating the purchasing power of a country to see the average living standard of the population?

These Banks and Funds simply look at the GDP of a country and then divide that by the total population to get the GDP per capita number. Somalilands GDP per capita alone was $853 in 2022, that number has increased. And so has Somalia's GDP per capita. These numbers could be well over $1510

 

[Dalac Bilaash]

Why would the banks bother calculating the purchasing power of a country to see the average living standard of the population?

These Banks and Funds simply look at the GDP of a country and then divide that by the total population to get the GDP per capita number. Somalilands GDP per capita alone was $853 in 2022, that number has increased. And so has Somalia's GDP per capita. These numbers could be well over $1510

View attachment 319393

Source is from Wikipedia someone literally can edit and put out fake numbers but I gave you sources of IMF the international Monetary Fund which is solely created to Collect data of the entire countries of the world without bias

 

[Aarka.]

Source is from Wikipedia someone literally can edit and put out fake numbers but I gave you sources of IMF the international Monetary Fund which is solely created to Collect data of the entire countries of the world without bias

Thanks, just saw it. you didn't provide it before.

We're still not in the top 10 poorest countries by GDP per capita according to that data tho. LoL. A win is still a win.

 

[Bazed]

Woo. Now all we need to do is shoot everyone that's corrupt, unfortunately that's more than half of our politicians but oh well.

 

[Dalac Bilaash]

Woo. Now all we need to do is shoot everyone that's corrupt, unfortunately that's more than half of our politicians but oh well.

I would prefer if we digitalize everything it can be tracked easily and it's hard to steal it but cash is the problem everyone can steal and its very difficult to trace it.

 

[Bazed]

I would prefer if we digitalize everything it can be tracked easily and it's hard to steal it but cash is the problem everyone can steal and its very difficult to trace it.

I think they have a good idea with tge ID system and it would lead to tighter measures in all aspects of society. However that vision is till way off and those in power need to be held accountable. It seems accountability is something that is not understood in the nation. We have long memories for clan beefs but forget easily when our own kin robs us. It's just frustrating and it's holding us back.

Imagine if funds went into what they were supposed to, we'd be better off and perhaps even further down this list.

 

[Dalac Bilaash]

I think they have a good idea with tge ID system and it would lead to tighter measures in all aspects of society. However that vision is till way off and those in power need to be held accountable. It seems accountability is something that is not understood in the nation. We have long memories for clan beefs but forget easily when our own kin robs us. It's just frustrating and it's holding us back.

Imagine if funds went into what they were supposed to, we'd be better off and perhaps even further down this list.

Suddenly the current finance minister is doing some reforms to tackle the those issues
He is well educated economist who graduated from Oxford university hope things will change soon.

 

[Bazed]

Suddenly the current finance minister is doing some reforms to tackle the those issues
He is well educated economist who graduated from Oxford university hope things will change soon.

Honestly I hope he does well. I truly want to be proven wrong, nothing would make happier. It's just something like this feels like it's gonna take generations to make disappear and set backs (which are bound to happen) make it more frustrating. Inshallah things get better for the common people. The deserve some peace and security.