Why is Somalia so rich?
Why Is Somalia So Rich? The Paradox of Resources and Potential
Natural wealth galore
Somalia sits on a goldmine—literally. It has untapped reserves of uranium, iron ore, tin, gypsum, bauxite, copper, salt, natural gas, and prospective oil offshore and onshoreCEIC Data+5Wikipédia+5Economy+5.
Natural resource rents made up around 11–17% of GDP between 2013–2016CEIC Data+1TheGlobalEconomy.com+1. That’s significantly above global averages.
Plus, Somalia’s long coastline (over 3,300km) and strategic position near the Bab el-Mandeb and Suez route offer future oil and gas export potentialTheGlobalEconomy.com+7Macrotrends+7CEIC Data+7Wikipédia.
Strong agricultural backbone
Around 60–65% of GDP comes from agriculture, primarily livestock raising, not cropsEncyclopedia Britannica+1Wikipédia+1. Livestock contributes 40% of GDP and over half of foreign exchange earnings. Somali camels, goats, and sheep are exported across the Gulf and beyond.
The diaspora also plays a big role—remittances top USD1billion annually, rivaling export revenue and helping stabilize the economyEncyclopedia Britannica+3Wikipédia+3Wikipédia+3.
Emerging industries & investment
Post-conflict stability—especially around Mogadishu—has attracted foreign and diaspora investment in light manufacturing, telecommunications, banking, and constructionWikipédia.
Somalia even opened a stock exchange in 2012 and is building telecoms, fish canning, and food-processing plantsWikipédia.
Meanwhile, Turkey’s deep involvement via infrastructure projects, military training, and energy deals (e.g. exploring oil & gas offshore) signals growing economic ties and confidenceReuters+1AP News+1.
Still, poverty and instability loom
Despite its wealth, Somalia is classified as a low-income economy with per capita GDP under USD1,000The Guardian+14Wikipédia+14CEIC Data+14.
Much of this wealth remains unexploited, because insecurity, al-Shabab insurgency, and weak governance cripple meaningful developmentThe Washington Post.
Debt relief up to USD4.5billion under the HIPC initiative (reducing debt-to-GDP ratio from 64% in 2018 to under 6% by end-2023) offers hope—but economic stability remains fragileAP News+1The Guardian+1.
What’s needed to unlock Somalia’s true wealth
Security and political stability
Without a safe environment, investors and resource companies hesitate. Sustained action against al‑Shabab and stronger governance are critical.
Investment in infrastructure & regulation
Developing ports, roads, energy grids—especially around oil & gas zones—and enacting transparent mining laws are essential next steps.
Harnessing the diaspora and global partnerships
Remittances are already a lifeline. Scaling that through formal channels, legal banking, and diaspora bonds could fuel sustainable growth.
Conclusion: Rich in potential, but not there yet
Somalia is rich—rich in land, livestock, minerals, oil, and strategic location. But this potential isn’t automatically translating into prosperity. Overcoming conflict, building institutions, and investing wisely are key to turning "rich in resources" into rich in real, shared wealth.
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Is 172 cm good for a man?
Yes it is. Average height of male in India is 166.3 cm (i.e. 5 ft 5.5 inches) while for female it is 152.6 cm (i.e. 5 ft) approximately. So, as far as your question is concerned, aforesaid height is above average in both cases.
Is 165 cm normal for a 15 year old?
The predicted height for a female, based on your parents heights, is 155 to 165cm. Most 15 year old girls are nearly done growing. I was too. It's a very normal height for a girl.
Is 160 cm too tall for a 12 year old?
How Tall Should a 12 Year Old Be? We can only speak to national average heights here in North America, whereby, a 12 year old girl would be between 137 cm to 162 cm tall (4-1/2 to 5-1/3 feet). A 12 year old boy should be between 137 cm to 160 cm tall (4-1/2 to 5-1/4 feet).
How tall is a average 15 year old?
Average Height to Weight for Teenage Boys - 13 to 20 Years
| Male Teens: 13 - 20 Years) | ||
|---|---|---|
| 14 Years | 112.0 lb. (50.8 kg) | 64.5" (163.8 cm) |
| 15 Years | 123.5 lb. (56.02 kg) | 67.0" (170.1 cm) |
| 16 Years | 134.0 lb. (60.78 kg) | 68.3" (173.4 cm) |
| 17 Years | 142.0 lb. (64.41 kg) | 69.0" (175.2 cm) |
How to get taller at 18?
Staying physically active is even more essential from childhood to grow and improve overall health. But taking it up even in adulthood can help you add a few inches to your height. Strength-building exercises, yoga, jumping rope, and biking all can help to increase your flexibility and grow a few inches taller.
Is 5.7 a good height for a 15 year old boy?
Generally speaking, the average height for 15 year olds girls is 62.9 inches (or 159.7 cm). On the other hand, teen boys at the age of 15 have a much higher average height, which is 67.0 inches (or 170.1 cm).
Can you grow between 16 and 18?
Most girls stop growing taller by age 14 or 15. However, after their early teenage growth spurt, boys continue gaining height at a gradual pace until around 18. Note that some kids will stop growing earlier and others may keep growing a year or two more.
Can you grow 1 cm after 17?
Even with a healthy diet, most people's height won't increase after age 18 to 20. The graph below shows the rate of growth from birth to age 20. As you can see, the growth lines fall to zero between ages 18 and 20 ( 7 , 8 ). The reason why your height stops increasing is your bones, specifically your growth plates.