Somalia

Somalia has one of the world's most fragile economies, shattered by decades of state collapse, civil war, and the Islamist insurgency of al-Shabaab, with much activity informal and reliant on remittances.

Remittances from a vast diaspora and livestock exports sustain many households, while the country slowly rebuilds federal institutions amid ongoing conflict and recurring drought and famine.

Key Sectors

The economy rests on livestock (the leading export, especially to the Gulf), remittances from the diaspora, a surprisingly vibrant telecommunications sector, and fishing along the longest coastline in mainland Africa.