Somalia Undeveloped Sectors
Sources: The Library of Congress Country Studies; CIA World Factbook
In the early 1990s, the plantation economy remained undeveloped, even for bananas, which remained Somalia's principal cash crop and second most important export, after livestock. Because of government taxation of exports, this sector had been in decline in the early 1980s. In 1983 the government National Banana Board formed a joint venture with an Italian company to create Somalfruit. The higher producer prices, increased input availability, and improved marketing and shipping facilities resulted in a 180-percent increase in banana production from 60,000 tons in 1980 to 108,000 tons in 1987. By 1986 banana exports accounted for 13 percent of total exports, up from just over 1 percent in 1982 (see Foreign Trade , this ch.).
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 Undeveloped Sectors information contained here. All suggestions for corrections of any errors about Somalia Undeveloped Sectors should be addressed to the Library of Congress and the CIA.