Dhaqaalaha

Money and work

How Somalis earn, trade, send and save: mobile money, money sent home, markets, livestock trade, jobs, banks and the national budget. Every number links to its source.

27 pagesUpdated 2026-11-12

Banks, finance and the budget

Somalia's economy at a glance

Somalia's economy in numbers: GDP, growth, spending, trade, money from abroad, the budget and debt, with sources from the Central Bank and IMF.

Banks in Somalia

Somalia's banks in numbers: who is licensed, how much they hold and lend, Islamic banking, microfinance, and how the system was rebuilt after 1991.

The Somali shilling and the dollar

The story of the Somali shilling from 1960 to today: why the economy runs on dollars, the street exchange rate, the plan for new notes, and the Somaliland shilling.

Somalia's federal budget and taxes

How Somalia's federal government and member states raise and spend money: the 2026 budget, taxes, grants, salaries, and each state's own accounts.

Somalia's debt and debt relief

How Somalia cleared most of its foreign debt: the old debt, the HIPC debt relief process from 2020 to 2023, the Paris Club, and who Somalia owes today.

Somalia's economic history, 1920s to today

A sourced history of Somalia's economy: colonial plantations, the 1960s republic, scientific socialism, debt and IMF reforms, the 1991 collapse and the private-led rebuild.

Work and business

Jobs, work and poverty in Somalia

Work and poverty in Somalia from the national household survey: poverty by area, who works and in what, youth unemployment, small family businesses and bank accounts.

Money sent home

Hawala and Somali money transfer companies

How Somali hawala money transfer companies work, how they grew after 1991, Dahabshiil and the other main firms, the bank account closures, and how they are regulated today.

Mobile money and payments

Mobile money in Somalia

How mobile money works in Somalia: EVC Plus, Zaad, Sahal, eDahab, the Central Bank licences, the dollar, and the national instant payment system.

Trade and ports

Somalia's trade: exports and imports

What Somalia exports and imports, in numbers: livestock, crops, fish, food and fuel imports, the trade gap, and trade blocs Somalia has joined.

Prices and the cost of living

Telecoms and tech companies

Telecoms and internet in Somalia

Who runs Somalia's phone and internet networks, the regulator and its licences, undersea cables, Starlink, 5G, and how many people are online.

The economy by region

Toosoo!

Since 1895, every generation has worked for one united, prosperous Somalia. Now it is our generation.

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