Pontus Marine LTD- Leader of fishing industry in Somaliland

Monday, July 15, 2019

Somaliland: Making do with what they have

Somaliland has the world's fourth-lowest GDP per capita and a high income gap between rich and poor, according to data from the World Bank.


Yet the country has been resilient with little foreign aid.

With a GDP of $400 per head, Somaliland is wealthier than countries like Burundi, the Democratic Republic of Congo and Malawi, according to a survey by the World Bank.


Since unilaterally declaring independence in 1991, Somaliland's efforts to boost development are limited by low inflows of donor aid. The government's main source of revenue for its $400 million budget has been the port of Berbera, which is being rebuilt by DP World from the UAE, at a cost of $442 million.
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