MOGADISHU– Somali National Bureau Of Statistics has on Wednesday released a Poverty Analysis Report which showed a significant decrease in poverty rates.

According to SNBS, 54.4 percent of Somali population live below the poverty line as they consume less than $2.06 per day.

The agency noted that the percentage of individuals earning less than $2.06 per day has slightly decreased from 69% to 54.4%, representing a 15% improvement.

SNBS detailed that a total of 7,212 households were selected from 601 Enumeration Areas (EAs) which were distributed across Somalia.

It added that compilation  of the Poverty Analysis Report resulted from series of trainings, followed by drafting workshop that garnered the concerned efforts of both SNBS staff as well as WB support team.

Furthermore, the agency highlighted that primary objective of the household budget
survey was to collect detailed information on household expenditures and consumption incurred on goods and services to monitor household welfare and measure poverty more sustainably.

SNBS eventually expressed gratitude to its staff and Development Partners for playing a pivotal role in the compilation of the report.

“Special credit goes to SNBS staff who spent tremendous amount of time and energy to analyze the SIHBS-2022 and generate the findings of this subsequent Poverty Analysis Report for Somalia.

The Federal Government earnestly appreciate, the financial support from Development partners as well as the technical assistance and advice provided by the World Bank Group throughout the compilation of this report.” said the agency.

Somalia is among the poorest countries in Africa with majority of its population living below the poverty line.

This has been attributed to several factors including climate change and drought and the civil war that rocked the East African Nation for three decades.