## Somalia: Technical Assistance Report-National Accounts Statistics Mission

_IMF Staff Country Reports, November 9, 2023_

## Source details

**Canonical URL:** [Somalia: Technical Assistance Report-National Accounts Statistics Mission](https://www.imf.org/en/publications/cr/issues/2023/11/09/somalia-technical-assistance-report-national-accounts-statistics-mission-541365)

## Other formats

- [Markdown version](/en/publications/cr/issues/2023/11/09/somalia-technical-assistance-report-national-accounts-statistics-mission-541365/index.md)
- [Structured JSON version](/en/publications/cr/issues/2023/11/09/somalia-technical-assistance-report-national-accounts-statistics-mission-541365/index.json)
- [Bundle manifest](/en/publications/cr/issues/2023/11/09/somalia-technical-assistance-report-national-accounts-statistics-mission-541365/bundle-manifest.json)

## Bibliographic details
- Published: November 9, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400255809.002

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### Mission objective and scope
- Purpose: provide technical assistance to the Somalia National Bureau of Statistics (SNBS) in conducting a comprehensive gross domestic product (GDP) revision to incorporate latest source data and methods and to update the base year from 2017 to 2022.
- Output: assisted SNBS to produce updated annual GDP time series up to 2022.
- Focus areas: incorporation of new data sources and updating the base year for constant prices from 2017 to 2022.

### Key findings about national accounts and data quality
- The GDP compilation system makes good use of the limited available data, but the foundation for the national accounts remains weak.
- There is a continuing need to improve source data to increase the completeness and reliability of Somalia’s national accounts statistics.

### Data updates and methodological changes
- Base year for constant price GDP: updated from 2017 to 2022.
- New data sources: incorporated into the national accounts compilation and used in producing the updated annual GDP time series up to 2022.

### Planned surveys and expected improvements
- Business Census: SNBS will conduct a Business Census in respect of 2023, with implementation gearing up at the end of 2023.
- Population Census: SNBS plans to conduct the first Population Census since 1985; if designed to provide measures of the informal sector, it will especially support improvements in national accounts completeness.

### Recommendations and action planning
- The mission recommended a detailed action plan to support progress toward objectives.
- Priority recommendations were identified to carry particular weight in making headway in improving the completeness of Somalia’s national accounts statistics.

_International Monetary Fund. "Somalia: Technical Assistance Report-National Accounts Statistics Mission", November 9, 2023._

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## Content in this bundle

- **Section I. Detailed Technical Assessment and Recommendations**
  - [Section I. Detailed Technical Assessment and Recommendations (Markdown version)](/-/media/files/publications/cr/2023/english/1somea2023003.pdf.md){rel="alternate" type="text/markdown"}
  - [Section I. Detailed Technical Assessment and Recommendations (PDF)](/-/media/files/publications/cr/2023/english/1somea2023003.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2023/11/09/somalia-technical-assistance-report-national-accounts-statistics-mission-541365_