Economic Challenges on Somaliland

Economic Challenges on Somaliland

Somaliland has the fourth lowest GPD per head in the world, according to the newly released data from world bank. GPD per head of US$348 in 2012 ranks Somaliland above only three contries- Burndi, the Democratic Repblic of Congo and Malawi- the world bank revealed during a one-day economic conference. The survey found that 29% of household in Somaliland in rban areas and 38% in rural Somaliland to be living in poverty. Somaliland's effort to boost their development are limited. Somaliland is hoping that the oil and their gas industries may provide a significant new income.

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