Somalia – Fast Facts
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Somalia is a lower income economies comes under the Sub Saharan African region, as to the classification made by the world bank on the basis of income and region for the year 2006.
The country’s economy is more market oriented. Agriculture is the major type of economic activity in the country. Agriculture constitutes more than 60% of the Gross Domestic Product followed by the services.
Somalia is a lower income economies comes under the Sub Saharan African region, as to the classification made by the world bank on the basis of income and region for the year 2006.
The country’s economy is more market oriented. Agriculture is the major type of economic activity in the country. Agriculture constitutes more than 60% of the Gross Domestic Product followed by the services.
Major agricultural products in the country are bananas, sorghum, maize, sugar cane, mangoes, beans, cattle and fish. Textiles, sugar refining, and petroleum refining are the important industry types.
