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

StatAlbaniaSomalia
GDP$15.1B$4.7B
GDP growth, 1 year4.2%3.1%
GDP growth, 5-years average3.1%2.9%
Population3M11M
GDP per capita$5.3k$315
GDP per capita growth4.4%-2.74%
Purchasing Power Parity conversion factor42.5711427.68
Price level ratio of PPP conversion factor GDP to market exchange rate0.39N/A
GDP per capita, PPP adjusted$13k$500
GNI, Atlas method$13.9B$959.2M
GNI per capita$4.9k$130
GNI, PPP adjusted$38.3BN/A
GNI per capita, PPP adjusted$13kN/A

Financial system and Human development

StatAlbaniaSomalia
Income Tax Rate23%N/A
Corporate Tax Rate15%N/A
Inflation, consumer prices2%1.5%
Inflation, GDP deflator0.9%215.5%
Unemployment13.9%14%
Economic Freedom Index66.929
Personal Freedom Index8.073.6
Human Freedom Index7.683.4
Property Rights Index57.120.1
Judical Effectiveness Index3326.5
Business Freedom Index65.731.6
Fiscal Health Index86.3N/A
Labor Freedom Index52.1N/A
Investment Freedom Index70N/A
Financial Freedom Index70N/A
Trade Freedom Index88.4N/A
Monetary Freedom Index81.2N/A
Government Spending Index74.6N/A
Tax Burden Index85.9N/A
Government Integrity Index38.813.1
Corruption Perceptions Index3610
Life expectancy at birth, years78.356.7
Suicide mortality rate, per 100,000 people6.34.7
Mortality caused by road traffic injury, per 100,000 people13.627.1
Intentional homicides, per 100,000 people2.34.3
International tourism, number of arrivals5.3MN/A

Government debt & reserves

StatAlbaniaSomalia
Central government debt, % of GDP68.6%N/A
External debt stocks, % of GNI67.2%39.4%
External debt stocks$10.1B$2.9B
Short-term debt, % of total reserves55.6%847.9%
Total debt service, % of exports and primary income20.7%47.6%
Adjusted net savings including particulate emission damage, % of GNI8.2%N/A
Gross savings, % of GDP16.2%N/A
Gross capital formation, % of GDP25%15.5%
Total reserves including gold$3.9B$23.1M
Foreign direct investment net inflows$1.2B$409M

Exports, imports and economic structure

StatAlbaniaSomalia
Exports of goods and services, % of GDP31.7%25.9%
Imports of goods and services, % of GDP45.4%99.6%
Current account balance (balance of payments)-$1BN/A
Revenue excluding grants, % of GDP25.6%0%
Grants excluding technical cooperation, BoP$181M$1.5B
Personal remittances received$1.5B$21.7M
Industry including construction value added, % of GDP21.3%9.5%
Agriculture, forestry and fishing value added, % of GDP18.4%62.7%
Charges for the use of intellectual property, payments BoP$26.4MN/A
Charges for the use of intellectual property, receipts BoP$14.9MN/A
Expense, % of GDP23.3%0%
Government Expenditure, % of GDP29.1%N/A

Compare with countries close by GDP per capita

Albania vs

CountryGDP
per capita
Population
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M

Somalia vs

CountryGDP
per capita
Population
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Burundi
$272
10.9M