Somalia THE "REAL" SOMALI ECONOMY IN THE 1980s
Sources: The Library of Congress Country Studies; CIA World Factbook
Camel caravan transporting goods in northern Somalia between Hargeysa and Berbera
Truck loaded with passengers and household goods
The Somali economy in the 1980s, when viewed in standard economic terms, was characterized by minimal economic reform and declining GDP per capita. But the macroeconomic perspectives, which were based on questionable data, presented an unreliable picture of the actual Somali economy. In fact, the macroeconomic figures used by the IMF and the World Bank would lead one to wonder how any Somalis could have physically survived the recent years of economic crisis. Yet visitors to Somalia, although distressed by the civil war and the wanton killing, observed a relatively well-fed population up until the 1991-92 drought. Clearly a Somali economy existed outside the realm of international data collection. Examination of what has been called Somalia's "unconventional" economy allows a better appreciation of how the Somali economy actually worked.
NOTE: The information regarding Somalia on this page is re-published from The Library of Congress Country Studies and the CIA World Factbook. No claims are made regarding the accuracy of Somalia THE "REAL" SOMALI ECONOMY IN THE 1980s information contained here. All suggestions for corrections of any errors about Somalia THE "REAL" SOMALI ECONOMY IN THE 1980s should be addressed to the Library of Congress and the CIA.