World Business Council

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SOMALIA

Somalia, with a population of about 17 million and a GDP of approximately $8 billion in 2023, has a primarily agrarian economy. The per capita income is around $500.

Key sectors include agriculture and livestock, with potential in fishing and natural resources. Despite ongoing political instability, Somalia is working to improve infrastructure and attract foreign direct investment (FDI) to develop its economy.

Opportunities exist in agriculture, fisheries, and infrastructure development.

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