Algeria vs Somalia: Economic Indicators Comparison

Algeria with a GDP of $173.8B ranked the 56th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Algeria and Somalia ranked 100th vs 97th and 119th vs 196th, respectively.

Gross Domestic Product & Income

Stat	Algeria	Somalia
GDP	$173.8B	$4.7B
GDP growth, 1 year	2.1%	3.1%
GDP growth, 5-years average	2.8%	2.9%
Population	41.3M	11M
GDP per capita	$4.1k	$315
GDP per capita growth	-0.62%	-2.74%
Purchasing Power Parity conversion factor	30.99	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.27	N/A
GDP per capita, PPP adjusted	$15k	$500
GNI, Atlas method	$162.3B	$959.2M
GNI per capita	$3.9k	$130
GNI, PPP adjusted	$619.7B	N/A
GNI per capita, PPP adjusted	$15k	N/A

Financial system and Human development

Stat	Algeria	Somalia
Income Tax Rate	35%	N/A
Corporate Tax Rate	23%	N/A
Inflation, consumer prices	4.3%	1.5%
Inflation, GDP deflator	7.6%	215.5%
Unemployment	12.2%	14%
Economic Freedom Index	46.9	29
Personal Freedom Index	5.35	3.6
Human Freedom Index	5.29	3.4
Property Rights Index	37.9	20.1
Judical Effectiveness Index	35	26.5
Business Freedom Index	63	31.6
Fiscal Health Index	17.3	N/A
Labor Freedom Index	50.5	N/A
Investment Freedom Index	30	N/A
Financial Freedom Index	30	N/A
Trade Freedom Index	66.2	N/A
Monetary Freedom Index	76.2	N/A
Government Spending Index	52.6	N/A
Tax Burden Index	75.4	N/A
Government Integrity Index	28.3	13.1
Corruption Perceptions Index	35	10
Life expectancy at birth, years	76.5	56.7
Suicide mortality rate, per 100,000 people	3.2	4.7
Mortality caused by road traffic injury, per 100,000 people	23.8	27.1
Intentional homicides, per 100,000 people	1.4	4.3
International tourism, number of arrivals	2.7M	N/A

Government debt & reserves

Stat	Algeria	Somalia
Central government debt, % of GDP	36.9%	N/A
External debt stocks, % of GNI	3.2%	39.4%
External debt stocks	$5.7B	$2.9B
Short-term debt, % of total reserves	2.7%	847.9%
Total debt service, % of exports and primary income	0.5%	47.6%
Adjusted net savings including particulate emission damage, % of GNI	21.2%	N/A
Gross savings, % of GDP	37.8%	N/A
Gross capital formation, % of GDP	47.1%	15.5%
Total reserves including gold	$87.4B	$23.1M
Foreign direct investment net inflows	$1.5B	$409M

Exports, imports and economic structure

Stat	Algeria	Somalia
Exports of goods and services, % of GDP	25.6%	25.9%
Imports of goods and services, % of GDP	32.3%	99.6%
Current account balance (balance of payments)	-$22.1B	N/A
Revenue excluding grants, % of GDP	N/A	0%
Grants excluding technical cooperation, BoP	$79.5M	$1.5B
Personal remittances received	$1.8B	$21.7M
Industry including construction value added, % of GDP	39.6%	9.5%
Agriculture, forestry and fishing value added, % of GDP	12%	62.7%
Charges for the use of intellectual property, payments BoP	$147.1M	N/A
Charges for the use of intellectual property, receipts BoP	$138k	N/A
Expense, % of GDP	N/A	0%
Government Expenditure, % of GDP	39.8%	N/A