The Bahamas vs Somalia: Economic Indicators Comparison

The Bahamas with a GDP of $12.4B ranked the 137th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, the Bahamas and Somalia ranked 160th vs 97th and 31st vs 196th, respectively.

Gross Domestic Product & Income

Stat	Bahamas	Somalia
GDP	$12.4B	$4.7B
GDP growth, 1 year	2.3%	3.1%
GDP growth, 5-years average	0.6%	2.9%
Population	395k	11M
GDP per capita	$32k	$315
GDP per capita growth	0.54%	-2.74%
Purchasing Power Parity conversion factor	1	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	1	N/A
GDP per capita, PPP adjusted	$33k	$500
GNI, Atlas method	$11.8B	$959.2M
GNI per capita	$31k	$130
GNI, PPP adjusted	$11.7B	N/A
GNI per capita, PPP adjusted	$30k	N/A

Financial system and Human development

Stat	Bahamas	Somalia
Income Tax Rate	0%	N/A
Corporate Tax Rate	0%	N/A
Inflation, consumer prices	2.2%	1.5%
Inflation, GDP deflator	0.7%	215.5%
Unemployment	11.9%	14%
Economic Freedom Index	64.5	29
Personal Freedom Index	8.32	3.6
Human Freedom Index	7.97	3.4
Property Rights Index	54.9	20.1
Judical Effectiveness Index	46.4	26.5
Business Freedom Index	69	31.6
Fiscal Health Index	69.2	N/A
Labor Freedom Index	70	N/A
Investment Freedom Index	50	N/A
Financial Freedom Index	60	N/A
Trade Freedom Index	47.8	N/A
Monetary Freedom Index	76.3	N/A
Government Spending Index	87.4	N/A
Tax Burden Index	96.8	N/A
Government Integrity Index	46	13.1
Corruption Perceptions Index	65	10
Life expectancy at birth, years	73.6	56.7
Suicide mortality rate, per 100,000 people	1.7	4.7
Mortality caused by road traffic injury, per 100,000 people	13.8	27.1
Intentional homicides, per 100,000 people	30.9	4.3
International tourism, number of arrivals	1.6M	N/A

Government debt & reserves

Stat	Bahamas	Somalia
Central government debt, % of GDP	61%	N/A
External debt stocks, % of GNI	N/A	39.4%
External debt stocks	N/A	$2.9B
Short-term debt, % of total reserves	N/A	847.9%
Total debt service, % of exports and primary income	N/A	47.6%
Adjusted net savings including particulate emission damage, % of GNI	7.1%	N/A
Gross savings, % of GDP	12.7%	N/A
Gross capital formation, % of GDP	24.5%	15.5%
Total reserves including gold	$1.4B	$23.1M
Foreign direct investment net inflows	$491.4M	$409M

Exports, imports and economic structure

Stat	Bahamas	Somalia
Exports of goods and services, % of GDP	36.1%	25.9%
Imports of goods and services, % of GDP	41.3%	99.6%
Current account balance (balance of payments)	-$1.5B	N/A
Revenue excluding grants, % of GDP	16.4%	0%
Grants excluding technical cooperation, BoP	$1.7M	$1.5B
Personal remittances received	N/A	$21.7M
Industry including construction value added, % of GDP	13%	9.5%
Agriculture, forestry and fishing value added, % of GDP	0.9%	62.7%
Charges for the use of intellectual property, payments BoP	$10.3M	N/A
Charges for the use of intellectual property, receipts BoP	N/A	N/A
Expense, % of GDP	17.9%	0%
Government Expenditure, % of GDP	20.5%	N/A