Albania vs Somalia: Economic Indicators Comparison

Albania with a GDP of $15.1B ranked the 123rd largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Albania and Somalia ranked 84th vs 97th and 107th vs 196th, respectively.

Gross Domestic Product & Income

Stat	Albania	Somalia
GDP	$15.1B	$4.7B
GDP growth, 1 year	4.2%	3.1%
GDP growth, 5-years average	3.1%	2.9%
Population	3M	11M
GDP per capita	$5.3k	$315
GDP per capita growth	4.4%	-2.74%
Purchasing Power Parity conversion factor	42.57	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.39	N/A
GDP per capita, PPP adjusted	$13k	$500
GNI, Atlas method	$13.9B	$959.2M
GNI per capita	$4.9k	$130
GNI, PPP adjusted	$38.3B	N/A
GNI per capita, PPP adjusted	$13k	N/A

Financial system and Human development

Stat	Albania	Somalia
Income Tax Rate	23%	N/A
Corporate Tax Rate	15%	N/A
Inflation, consumer prices	2%	1.5%
Inflation, GDP deflator	0.9%	215.5%
Unemployment	13.9%	14%
Economic Freedom Index	66.9	29
Personal Freedom Index	8.07	3.6
Human Freedom Index	7.68	3.4
Property Rights Index	57.1	20.1
Judical Effectiveness Index	33	26.5
Business Freedom Index	65.7	31.6
Fiscal Health Index	86.3	N/A
Labor Freedom Index	52.1	N/A
Investment Freedom Index	70	N/A
Financial Freedom Index	70	N/A
Trade Freedom Index	88.4	N/A
Monetary Freedom Index	81.2	N/A
Government Spending Index	74.6	N/A
Tax Burden Index	85.9	N/A
Government Integrity Index	38.8	13.1
Corruption Perceptions Index	36	10
Life expectancy at birth, years	78.3	56.7
Suicide mortality rate, per 100,000 people	6.3	4.7
Mortality caused by road traffic injury, per 100,000 people	13.6	27.1
Intentional homicides, per 100,000 people	2.3	4.3
International tourism, number of arrivals	5.3M	N/A

Government debt & reserves

Stat	Albania	Somalia
Central government debt, % of GDP	68.6%	N/A
External debt stocks, % of GNI	67.2%	39.4%
External debt stocks	$10.1B	$2.9B
Short-term debt, % of total reserves	55.6%	847.9%
Total debt service, % of exports and primary income	20.7%	47.6%
Adjusted net savings including particulate emission damage, % of GNI	8.2%	N/A
Gross savings, % of GDP	16.2%	N/A
Gross capital formation, % of GDP	25%	15.5%
Total reserves including gold	$3.9B	$23.1M
Foreign direct investment net inflows	$1.2B	$409M

Exports, imports and economic structure

Stat	Albania	Somalia
Exports of goods and services, % of GDP	31.7%	25.9%
Imports of goods and services, % of GDP	45.4%	99.6%
Current account balance (balance of payments)	-$1B	N/A
Revenue excluding grants, % of GDP	25.6%	0%
Grants excluding technical cooperation, BoP	$181M	$1.5B
Personal remittances received	$1.5B	$21.7M
Industry including construction value added, % of GDP	21.3%	9.5%
Agriculture, forestry and fishing value added, % of GDP	18.4%	62.7%
Charges for the use of intellectual property, payments BoP	$26.4M	N/A
Charges for the use of intellectual property, receipts BoP	$14.9M	N/A
Expense, % of GDP	23.3%	0%
Government Expenditure, % of GDP	29.1%	N/A