Overview of the Economy
Agriculture is the most significant industry, employing over 70% of the workforce, with livestock accounting for roughly 40% of the country's GDP. Telecommunications and manufacturing are other key businesses. In actuality, there has been an active period of growth since Somalia's creation as a federation in 2012. This has been most noticeable in and around Mogadishu, the capital city.
Manufacturing is obviously robust in this region, notably in and around the capital city. Furthermore, with six commercial aircraft operating around the nation, Somalia's import and export trade is prospering.
Looking for Work in Somalia
As with any transfer to a new nation, it is best to conduct your research beforehand. There are several techniques to make your job search considerably simpler, such as contacting specialized recruiters. You may glance through the career opportunities that are presently accessible online. Somalijobs.net, Somalijobs.com, and Career Jet are suggested internet portals for Somalia.
Somalia's Social Security System
Those working in Somalia should be aware that the social security system cannot be totally depended on. Even Somali citizens do not have access to benefits such as unemployment insurance. There is, however, a welfare system based on contributions. This is the customary method of transferring funds amongst native groups. With 43 percent of the population living on less than $1 per day, the federal government recognizes Somalia's Social Security concerns and is striving to address them.