Ludwig von Mises Institute

Somalia

From Mises Wiki, the global repository of classical-liberal thought
Jump to: navigation, search
Country summary

Capital

Mogadishu

Borders

Djibouti 58 km, Ethiopia 1,600 km, Kenya 682 km

Government type

no permanent national government; transitional, parliamentary federal government

Population

9,832,017[1]

Population growth

2.815% (2010 est.)[1]

Life expectancy

49.63 years[1]

Unemployment

NA%[1]

Corruption Perceptions Index

180[2]


Britain withdrew from British Somaliland in 1960 to allow its protectorate to join with Italian Somaliland and form the new nation of Somalia. In 1969, a coup headed by Mohamed SIAD Barre ushered in an authoritarian socialist rule that managed to impose a degree of stability in the country for more than two decades. After the regime's collapse early in 1991, Somalia descended into turmoil, factional fighting, and anarchy. In May 1991, northern clans declared an independent Republic of Somaliland that now includes the administrative regions of Awdal, Woqooyi Galbeed, Togdheer, Sanaag, and Sool. Although not recognized by any government, this entity has maintained a stable existence and continues efforts to establish a constitutional democracy, including holding municipal, parliamentary, and presidential elections. The regions of Bari, Nugaal, and northern Mudug comprise a neighboring semi-autonomous state of Puntland, which has been self-governing since 1998 but does not aim at independence; it has also made strides toward reconstructing a legitimate, representative government but has suffered some civil strife. Puntland disputes its border with Somaliland as it also claims portions of eastern Sool and Sanaag. Beginning in 1993, a two-year UN humanitarian effort (primarily in the south) was able to alleviate famine conditions, but when the UN withdrew in 1995, having suffered significant casualties, order still had not been restored. A two-year peace process, led by the Government of Kenya under the auspices of the Intergovernmental Authority on Development (IGAD), concluded in October 2004 with the election of Abdullahi YUSUF Ahmed as President of the Transitional Federal Government (TFG) of Somalia and the formation of an interim government, known as the Somalia Transitional Federal Institutions (TFIs). The TFIs included a 275-member parliamentary body, known as the Transitional Federal Assembly (TFA). President YUSUF resigned late in 2008 while United Nations-sponsored talks between the TFG and the opposition Alliance for the Re-Liberation of Somalia (ARS) were underway in Djibouti. In January 2009, following the creation of a TFG-ARS unity government, Ethiopian military forces, which had entered Somalia in December 2006 to support the TFG in the face of advances by the opposition Islamic Courts Union (ICU), withdrew from the country. The TFA was increased to 550 seats with the addition of 200 ARS and 75 civil society members of parliament. The expanded parliament elected Sheikh SHARIF Sheikh Ahmed, the former CIC and ARS chairman as president on 31 January 2009, in Djibouti. Subsequently, President SHARIF appointed Omar Abdirashid ali SHARMARKE, son of a former president of Somalia, as prime minister on 13 February 2009. The TFIs are based on the Transitional Federal Charter (TFC), which outlines a five-year mandate leading to the establishment of a new Somali constitution and a transition to a representative government following national elections. However, in January 2009 the TFA amended the TFC to extend TFG's mandate until 2011. While its institutions remain weak, the TFG continues to reach out to Somali stakeholders and to work with international donors to help build the governance capacity of the TFIs and to work toward national elections in 2011.[1]

Economical characteristics[edit]

  • Currency: Somali shilling (ISO code: SOS)
  • Central bank discount rate: NA% (31 December 2008)[1]
  • Commercial banks lending rate: NA%[1]
  • Stock of money (M1): [1]
  • Quasi money (with M1 makes M2): [1]


Statistics[edit]

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (USD)[3]
Govt. debt (% of GDP)[4]
Govt. revenue (% of GDP)[5]
Govt. expenses (% of GDP)[6]
Debt to revenue (years)

References[edit]

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Factbook. "Somalia", from The World Factbook. Referenced 2010-10-04.
  2. Transparency International. "Somalia", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-10-04.
  3. World Bank. "Somalia: GDP", from World Bank Data. Referenced 2010-10-04.
  4. World Bank. "Somalia: government debt", from World Bank Data. Referenced 2010-10-04.
  5. World Bank. "Somalia: government revenue", from World Bank Data. Referenced 2010-10-04.
  6. World Bank. "Somalia: government expenses", from World Bank Data. Referenced 2010-10-04.

Links[edit]

Personal tools

Namespaces

Variants

Actions

Navigation
Tools
Print/export