Burkina Faso vs Somalia: Economic Indicators Comparison

Burkina Faso with a GDP of $14.1B ranked the 129th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Burkina Faso and Somalia ranked 28th vs 97th and 184th vs 196th, respectively.

Gross Domestic Product & Income

StatBurkina FasoSomalia
GDP$14.1B$4.7B
GDP growth, 1 year6%3.1%
GDP growth, 5-years average5.3%2.9%
Population19.2M11M
GDP per capita$715$315
GDP per capita growth3.81%-2.74%
Purchasing Power Parity conversion factor200.2211427.68
Price level ratio of PPP conversion factor GDP to market exchange rate0.36N/A
GDP per capita, PPP adjusted$2k$500
GNI, Atlas method$13.3B$959.2M
GNI per capita$670$130
GNI, PPP adjusted$38.9BN/A
GNI per capita, PPP adjusted$2kN/A

Financial system and Human development

StatBurkina FasoSomalia
Income Tax Rate27.5%N/A
Corporate Tax Rate28%N/A
Inflation, consumer prices2%1.5%
Inflation, GDP deflator2.4%215.5%
Unemployment6.1%14%
Economic Freedom Index56.729
Personal Freedom Index7.633.6
Human Freedom Index6.843.4
Property Rights Index46.920.1
Judical Effectiveness Index42.626.5
Business Freedom Index47.631.6
Fiscal Health Index49.2N/A
Labor Freedom Index52.1N/A
Investment Freedom Index65N/A
Financial Freedom Index40N/A
Trade Freedom Index61.8N/A
Monetary Freedom Index82.4N/A
Government Spending Index77N/A
Tax Burden Index81.3N/A
Government Integrity Index34.113.1
Corruption Perceptions Index4110
Life expectancy at birth, years60.856.7
Suicide mortality rate, per 100,000 people7.74.7
Mortality caused by road traffic injury, per 100,000 people30.527.1
Intentional homicides, per 100,000 people1.34.3
International tourism, number of arrivals144kN/A

Government debt & reserves

StatBurkina FasoSomalia
Central government debt, % of GDP43%N/A
External debt stocks, % of GNI23.4%39.4%
External debt stocks$3.3B$2.9B
Short-term debt, % of total reservesN/A847.9%
Total debt service, % of exports and primary income3.5%47.6%
Adjusted net savings including particulate emission damage, % of GNI-9%N/A
Gross savings, % of GDP19.1%N/A
Gross capital formation, % of GDP24.7%15.5%
Total reserves including goldN/A$23.1M
Foreign direct investment net inflows$480M$409M

Exports, imports and economic structure

StatBurkina FasoSomalia
Exports of goods and services, % of GDP30.8%25.9%
Imports of goods and services, % of GDP37.2%99.6%
Current account balance (balance of payments)-$894.1MN/A
Revenue excluding grants, % of GDP18.9%0%
Grants excluding technical cooperation, BoP$720.7M$1.5B
Personal remittances received$455.7M$21.7M
Industry including construction value added, % of GDP19.5%9.5%
Agriculture, forestry and fishing value added, % of GDP28%62.7%
Charges for the use of intellectual property, payments BoP$438kN/A
Charges for the use of intellectual property, receipts BoP$725kN/A
Expense, % of GDP19.5%0%
Government Expenditure, % of GDP27.7%N/A

Compare with countries close by GDP per capita

Burkina Faso vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
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
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

Somalia vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
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
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