Somalia - Fishing

Capital Investing   Equity   Finance   Mutual Funds   Business Investing   Investing Guide   Biotechnology   Genome   

In part because Somalia has 3,025 kilometers of coastline, fishing was a sector with excellent economic potential. Considerable attention had been paid to this sector, especially since the 1974 drought, when 15,000 nomads were resettled in fishing cooperatives. Data in the latter half of the 1980s showed improvement in the fishing industry. Food and Agriculture Organization estimates of total tons of fish caught and processed rose from 16,900 in 1986 to 18,200 in 1988, an increase that resulted from the development of a national fishing fleet. Yet fishing remained a largely unexploited sector, contributing less than 1 percent of GDP in 1990.


Next Page    Prev Page    Index Page    

Other Links:  MarketSigns.com  Employer's Guide for Tax  Individual Federal Tax  Tax for Small Business  Tax on Med&Dental Exp.  TaxonChild&Dep.care Exp.      
Countries  Finland  Georgia  Germany(East)  Ghana  Guyana  Haiti  Honduras  Hungary  India