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

StatAlgeriaSomalia
GDP$173.8B$4.7B
GDP growth, 1 year2.1%3.1%
GDP growth, 5-years average2.8%2.9%
Population41.3M11M
GDP per capita$4.1k$315
GDP per capita growth-0.62%-2.74%
Purchasing Power Parity conversion factor30.9911427.68
Price level ratio of PPP conversion factor GDP to market exchange rate0.27N/A
GDP per capita, PPP adjusted$15k$500
GNI, Atlas method$162.3B$959.2M
GNI per capita$3.9k$130
GNI, PPP adjusted$619.7BN/A
GNI per capita, PPP adjusted$15kN/A

Financial system and Human development

StatAlgeriaSomalia
Income Tax Rate35%N/A
Corporate Tax Rate23%N/A
Inflation, consumer prices4.3%1.5%
Inflation, GDP deflator7.6%215.5%
Unemployment12.2%14%
Economic Freedom Index46.929
Personal Freedom Index5.353.6
Human Freedom Index5.293.4
Property Rights Index37.920.1
Judical Effectiveness Index3526.5
Business Freedom Index6331.6
Fiscal Health Index17.3N/A
Labor Freedom Index50.5N/A
Investment Freedom Index30N/A
Financial Freedom Index30N/A
Trade Freedom Index66.2N/A
Monetary Freedom Index76.2N/A
Government Spending Index52.6N/A
Tax Burden Index75.4N/A
Government Integrity Index28.313.1
Corruption Perceptions Index3510
Life expectancy at birth, years76.556.7
Suicide mortality rate, per 100,000 people3.24.7
Mortality caused by road traffic injury, per 100,000 people23.827.1
Intentional homicides, per 100,000 people1.44.3
International tourism, number of arrivals2.7MN/A

Government debt & reserves

StatAlgeriaSomalia
Central government debt, % of GDP36.9%N/A
External debt stocks, % of GNI3.2%39.4%
External debt stocks$5.7B$2.9B
Short-term debt, % of total reserves2.7%847.9%
Total debt service, % of exports and primary income0.5%47.6%
Adjusted net savings including particulate emission damage, % of GNI21.2%N/A
Gross savings, % of GDP37.8%N/A
Gross capital formation, % of GDP47.1%15.5%
Total reserves including gold$87.4B$23.1M
Foreign direct investment net inflows$1.5B$409M

Exports, imports and economic structure

StatAlgeriaSomalia
Exports of goods and services, % of GDP25.6%25.9%
Imports of goods and services, % of GDP32.3%99.6%
Current account balance (balance of payments)-$22.1BN/A
Revenue excluding grants, % of GDPN/A0%
Grants excluding technical cooperation, BoP$79.5M$1.5B
Personal remittances received$1.8B$21.7M
Industry including construction value added, % of GDP39.6%9.5%
Agriculture, forestry and fishing value added, % of GDP12%62.7%
Charges for the use of intellectual property, payments BoP$147.1MN/A
Charges for the use of intellectual property, receipts BoP$138kN/A
Expense, % of GDPN/A0%
Government Expenditure, % of GDP39.8%N/A

Compare with countries close by GDP per capita

Algeria vs

CountryGDP
per capita
Population
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
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
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M

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