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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