Barbados vs Somalia: Economic Indicators Comparison

Barbados with a GDP of $5.1B ranked the 157th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Barbados and Somalia ranked 159th vs 97th and 50th vs 196th, respectively.

Gross Domestic Product & Income

Stat	Barbados	Somalia
GDP	$5.1B	$4.7B
GDP growth, 1 year	-0.5%	3.1%
GDP growth, 5-years average	0.7%	2.9%
Population	286k	11M
GDP per capita	$18k	$315
GDP per capita growth	-0.64%	-2.74%
Purchasing Power Parity conversion factor	1.93	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.97	N/A
GDP per capita, PPP adjusted	$19k	$500
GNI, Atlas method	$4.4B	$959.2M
GNI per capita	$15k	$130
GNI, PPP adjusted	$4.7B	N/A
GNI per capita, PPP adjusted	$16k	N/A

Financial system and Human development

Stat	Barbados	Somalia
Income Tax Rate	40%	N/A
Corporate Tax Rate	5.5%	N/A
Inflation, consumer prices	3.6%	1.5%
Inflation, GDP deflator	3.6%	215.5%
Unemployment	9.6%	14%
Economic Freedom Index	61.4	29
Personal Freedom Index	8.22	3.6
Human Freedom Index	7.21	3.4
Property Rights Index	56.6	20.1
Judical Effectiveness Index	36.1	26.5
Business Freedom Index	69.4	31.6
Fiscal Health Index	63.1	N/A
Labor Freedom Index	60	N/A
Investment Freedom Index	70	N/A
Financial Freedom Index	60	N/A
Trade Freedom Index	56.6	N/A
Monetary Freedom Index	77.9	N/A
Government Spending Index	69.2	N/A
Tax Burden Index	73.6	N/A
Government Integrity Index	44	13.1
Corruption Perceptions Index	68	10
Life expectancy at birth, years	79	56.7
Suicide mortality rate, per 100,000 people	0.8	4.7
Mortality caused by road traffic injury, per 100,000 people	5.6	27.1
Intentional homicides, per 100,000 people	10.5	4.3
International tourism, number of arrivals	680k	N/A

Government debt & reserves

Stat	Barbados	Somalia
Central government debt, % of GDP	124.5%	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	-6.8%	N/A
Gross savings, % of GDP	-0.5%	N/A
Gross capital formation, % of GDP	11.3%	15.5%
Total reserves including gold	$431.8M	$23.1M
Foreign direct investment net inflows	$195.1M	$409M

Exports, imports and economic structure

Stat	Barbados	Somalia
Exports of goods and services, % of GDP	42%	25.9%
Imports of goods and services, % of GDP	40.9%	99.6%
Current account balance (balance of payments)	-$248.2M	N/A
Revenue excluding grants, % of GDP	26.7%	0%
Grants excluding technical cooperation, BoP	$13.8M	$1.5B
Personal remittances received	$108.3M	$21.7M
Industry including construction value added, % of GDP	14%	9.5%
Agriculture, forestry and fishing value added, % of GDP	1.3%	62.7%
Charges for the use of intellectual property, payments BoP	$12.1M	N/A
Charges for the use of intellectual property, receipts BoP	$33.4M	N/A
Expense, % of GDP	35.2%	0%
Government Expenditure, % of GDP	32%	N/A