Somalia’s population grew 3.34% in 2025, faster than real GDP growth of 3.1% (World Bank and SNBS).
Somalia: Population Growth vs Real GDP Growth (2025)
Author: sra
Most Somali Adults Do Not Save Money
Only 14 out of every 100 Somali adults save money: 86% of adults aged 15+ do not save (Central Bank of Somalia, Financial Access Survey 2026).
From SRA Data to Parliament: Hon. Faaisa Jeyte Raises the Ministry Salary Gap
An MP raised in Parliament the salary gap between the Ministry of Finance and the three production ministries, first highlighted in an SRA flash card.
Somalia’s National ID Registration: Men vs Women
More than 1.4 million people had registered for Somalia’s national ID by March 2026: 53% men and 47% women.
Mogadishu Electricity Prices Rise by 12.2%
Electricity in Mogadishu now costs $0.46 per kWh, up 12.2% from the $0.41 SRA reported earlier.
Health Insurance Coverage in East Africa
Only 3.5% of people in Somalia have health insurance, compared with 85.3% in Rwanda.
Somalia Has the World’s Highest Fertility Rate
Somali women have on average 6.13 children each, the highest fertility rate in the world.
Security Deposit Required to Open a Bank in Somalia
Anyone opening a bank in Somalia must lodge a security deposit with the Central Bank. Foreign-owned banks have to put up twice as much as Somali-owned banks.
Customer Deposits in East African Banks: Somalia vs Its Neighbours (2025)
Somali banks held $1.63 billion in customer deposits in 2025. Kenya’s banks held about 29 times as much.
Minimum Capital Required to Open a Bank in Somalia
A new bank in Somalia must prove its capital before it is licensed. This minimum capital is separate from the security deposit held at the Central Bank.