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

StatBahamasSomalia
GDP$12.4B$4.7B
GDP growth, 1 year2.3%3.1%
GDP growth, 5-years average0.6%2.9%
Population395k11M
GDP per capita$32k$315
GDP per capita growth0.54%-2.74%
Purchasing Power Parity conversion factor111427.68
Price level ratio of PPP conversion factor GDP to market exchange rate1N/A
GDP per capita, PPP adjusted$33k$500
GNI, Atlas method$11.8B$959.2M
GNI per capita$31k$130
GNI, PPP adjusted$11.7BN/A
GNI per capita, PPP adjusted$30kN/A

Financial system and Human development

StatBahamasSomalia
Income Tax Rate0%N/A
Corporate Tax Rate0%N/A
Inflation, consumer prices2.2%1.5%
Inflation, GDP deflator0.7%215.5%
Unemployment11.9%14%
Economic Freedom Index64.529
Personal Freedom Index8.323.6
Human Freedom Index7.973.4
Property Rights Index54.920.1
Judical Effectiveness Index46.426.5
Business Freedom Index6931.6
Fiscal Health Index69.2N/A
Labor Freedom Index70N/A
Investment Freedom Index50N/A
Financial Freedom Index60N/A
Trade Freedom Index47.8N/A
Monetary Freedom Index76.3N/A
Government Spending Index87.4N/A
Tax Burden Index96.8N/A
Government Integrity Index4613.1
Corruption Perceptions Index6510
Life expectancy at birth, years73.656.7
Suicide mortality rate, per 100,000 people1.74.7
Mortality caused by road traffic injury, per 100,000 people13.827.1
Intentional homicides, per 100,000 people30.94.3
International tourism, number of arrivals1.6MN/A

Government debt & reserves

StatBahamasSomalia
Central government debt, % of GDP61%N/A
External debt stocks, % of GNIN/A39.4%
External debt stocksN/A$2.9B
Short-term debt, % of total reservesN/A847.9%
Total debt service, % of exports and primary incomeN/A47.6%
Adjusted net savings including particulate emission damage, % of GNI7.1%N/A
Gross savings, % of GDP12.7%N/A
Gross capital formation, % of GDP24.5%15.5%
Total reserves including gold$1.4B$23.1M
Foreign direct investment net inflows$491.4M$409M

Exports, imports and economic structure

StatBahamasSomalia
Exports of goods and services, % of GDP36.1%25.9%
Imports of goods and services, % of GDP41.3%99.6%
Current account balance (balance of payments)-$1.5BN/A
Revenue excluding grants, % of GDP16.4%0%
Grants excluding technical cooperation, BoP$1.7M$1.5B
Personal remittances receivedN/A$21.7M
Industry including construction value added, % of GDP13%9.5%
Agriculture, forestry and fishing value added, % of GDP0.9%62.7%
Charges for the use of intellectual property, payments BoP$10.3MN/A
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDP17.9%0%
Government Expenditure, % of GDP20.5%N/A

Compare with countries close by GDP per capita

Bahamas vs

CountryGDP
per capita
Population
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k

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