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

Stat	Burkina Faso	Somalia
GDP	$14.1B	$4.7B
GDP growth, 1 year	6%	3.1%
GDP growth, 5-years average	5.3%	2.9%
Population	19.2M	11M
GDP per capita	$715	$315
GDP per capita growth	3.81%	-2.74%
Purchasing Power Parity conversion factor	200.22	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.36	N/A
GDP per capita, PPP adjusted	$2k	$500
GNI, Atlas method	$13.3B	$959.2M
GNI per capita	$670	$130
GNI, PPP adjusted	$38.9B	N/A
GNI per capita, PPP adjusted	$2k	N/A

Financial system and Human development

Stat	Burkina Faso	Somalia
Income Tax Rate	27.5%	N/A
Corporate Tax Rate	28%	N/A
Inflation, consumer prices	2%	1.5%
Inflation, GDP deflator	2.4%	215.5%
Unemployment	6.1%	14%
Economic Freedom Index	56.7	29
Personal Freedom Index	7.63	3.6
Human Freedom Index	6.84	3.4
Property Rights Index	46.9	20.1
Judical Effectiveness Index	42.6	26.5
Business Freedom Index	47.6	31.6
Fiscal Health Index	49.2	N/A
Labor Freedom Index	52.1	N/A
Investment Freedom Index	65	N/A
Financial Freedom Index	40	N/A
Trade Freedom Index	61.8	N/A
Monetary Freedom Index	82.4	N/A
Government Spending Index	77	N/A
Tax Burden Index	81.3	N/A
Government Integrity Index	34.1	13.1
Corruption Perceptions Index	41	10
Life expectancy at birth, years	60.8	56.7
Suicide mortality rate, per 100,000 people	7.7	4.7
Mortality caused by road traffic injury, per 100,000 people	30.5	27.1
Intentional homicides, per 100,000 people	1.3	4.3
International tourism, number of arrivals	144k	N/A

Government debt & reserves

Stat	Burkina Faso	Somalia
Central government debt, % of GDP	43%	N/A
External debt stocks, % of GNI	23.4%	39.4%
External debt stocks	$3.3B	$2.9B
Short-term debt, % of total reserves	N/A	847.9%
Total debt service, % of exports and primary income	3.5%	47.6%
Adjusted net savings including particulate emission damage, % of GNI	-9%	N/A
Gross savings, % of GDP	19.1%	N/A
Gross capital formation, % of GDP	24.7%	15.5%
Total reserves including gold	N/A	$23.1M
Foreign direct investment net inflows	$480M	$409M

Exports, imports and economic structure

Stat	Burkina Faso	Somalia
Exports of goods and services, % of GDP	30.8%	25.9%
Imports of goods and services, % of GDP	37.2%	99.6%
Current account balance (balance of payments)	-$894.1M	N/A
Revenue excluding grants, % of GDP	18.9%	0%
Grants excluding technical cooperation, BoP	$720.7M	$1.5B
Personal remittances received	$455.7M	$21.7M
Industry including construction value added, % of GDP	19.5%	9.5%
Agriculture, forestry and fishing value added, % of GDP	28%	62.7%
Charges for the use of intellectual property, payments BoP	$438k	N/A
Charges for the use of intellectual property, receipts BoP	$725k	N/A
Expense, % of GDP	19.5%	0%
Government Expenditure, % of GDP	27.7%	N/A