Somalia’s GDP per capita before the war - REAL DATA

[Three Moons]

https://en.m.wikipedia.org/wiki/The_World_Economy:_Historical_Statistics

 

[romanzolanski]

1000$ dollars per year?!
Damn Somalis were always broke

 

[Three Moons]

1000$ dollars per year?!
Damn Somalis were always broke

In today’s dollar value that would be $3000 or more, which is not bad for a developing country, which is where the likes of Malaysia were at, at the time. More importantly if Somalia had just focused on development and not militarism, we would be on the same level as Tunisia or Malaysia are today.

 

[Avalanche]

Somalia was doing better alot of african nation but it wasn't great

 

[mohammdov]

It gets worse now with per capita income of $500 or $600 !
The famine that will wipe out this nation is coming

 

[Three Moons]

Somalia’s economy consists majority of a informal economy, which is why a rebase of the economy would paint an entirely different picture. The mobile money industry is a good indicator of the size of the real economy. A country with a GPD per capita of $500 could never have the same monthly mobile transactions ($2.7 billion in 2018) as Kenya or Ghana nor be the main trading partner of all of its neighbours.

Perception is a weapon and currency, and Somalia’s current image serves the world bodies, NGOs and other elements quite well.

 

[Dalalos_ibn_Adali]

N&N raised the national budget back to the Kacaan days which is a huge win for them, since they didn't get as much aid as Kacaan got.

 

[Mr steal your naag 2]

It gets worse now with per capita income of $500 or $600 !
The famine that will wipe out this nation is coming

View attachment 297891

Haiti and Benin doing 3 times better then somalia is a crime Haïti is the dustiest country in the west with no gouverment and army

 

[Nin123]

1000$ dollars per year?!
Damn Somalis were always broke

This is in the 50s the American salary was back then no more than 7k

 

[Nin123]

It gets worse now with per capita income of $500 or $600 !
The famine that will wipe out this nation is coming

View attachment 297891

Not the last place babyyyyyy a win is win

 

[Three Moons]

One interesting thing about the table I posted is that the highest GDP per capita year was 1977 at $1421, which would be equivalent to more than $7,000 dollars today. I wonder whether its because all of the factories, farmers, pastoralists, merchants had to chip in with the war effort?

 

[nanat]

That's equal to 8000$ in today's dollar.
I can say we were far richer back then than today

 

[Mr steal your naag 2]

That's equal to 8000$ in today's dollar.
I can say we were far richer back then than today

Old somalia factory map during kacaan

 

[Three Moons]

That is something I will never understand with these chaebols like Hormuud, Dahabshiil or questionable leaders like HSM is their lack of interest for manufacturing and its huge potential for wealth creation. A single medium sized pasta factory for example would wield hundreds of millions of dollars currently spent on importing that item every year to Somalia.

Instead HSM buys a depreciating asset like a private jet

 

[Pastoralist]

Boot hsm and stuff will improve. per capita, government assets, and inflation adjustment cements that Somalis were richer under MSB

Drought is not tough if the country has desalination plants. LA had one which was built by diaspora. Mogadishu has no excuse. These plants would create a continuous amount of water for drinking and irrigation.