Market Research In Somalia

Somalia Profile:

  • Somalia, officially the Federal Republic of Somalia is a country located in the Horn of Africa.
  • Somalia has one of the world’s lowest primary school enrolment rates with over 40% of children are in school, and one of the world’s highest youth unemployment rates.
  • Somalia is a member of the United Nations, African Union and Arab League. It was a founding member of the Organisation of Islamic Cooperation, other memberships include the African Development Bank, Group of 77, Intergovernmental Authority on Development, International Bank for Reconstruction and Development, International Civil Aviation Organization, International Development Association, International Finance Corporation, Non-Aligned Movement, World Federation of Trade Unions and World Meteorological Organization.
  • In 2009, Transparency International ranked the nation in the last place on its annual Corruption Perceptions Index (CPI) and in mid-2010, the Institute for Economics and Peace also ranked Somalia in the next-to-last position in between war-afflicted Iraq and Afghanistan on its Global Peace Index.
  • Somalia scores very low for most humanitarian indicators, suffering from poor governance, protracted internal conflict, underdevelopment, economic decline, poverty, social and gender inequality and environmental degradation

Somalia Economy:

  • Somalia maintains an informal economy largely based on livestock, remittance/ money transfer companies, and telecommunications.
  • Economic activity is estimated to have increased by 3.7% in 2016 because of growth in the agriculture, construction and telecommunications sector.
  • Agriculture is the most important sector, with livestock normally accounting for about 40% of GDP and more than 50% of export earnings.
  • A lack of educational and job opportunities is a major source of tension for Somalia’s large youth cohort, making them vulnerable to recruitment by extremist and pirate groups.
  • Formalized economic growth has yet to expand outside of Mogadishu and a few regional capitals, and within the city, security concerns dominate business

Somalia Facts:

  • Population: 11 million
  • Capital: Mogadishu
  • Largest city: Mogadishu
  • Area: 637,657 sq km
  • Major language: Somali (official), Arabic (official), Italian, English
  • Major religion: Sunni Muslim (Islam)
  • Life expectancy: 50.7 years (Male), 54.9 years (Female)
  • Monetary unit: 1 Somali Shilling (SoSh, SOS) = 100 Cents
  • Main exports: Livestock, bananas, hides, fish, charcoal, scrap metal
  • GNI per Capita: $16,644

Our Market Research Services in Somalia:

We Employ A Wide Range of Research Techniques in Somalia:

How Can We Help You?

Contact us at Global Vox Populi and submit a business inquiry online.

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