Canada vs Somalia: Economic Indicators Comparison

Canada with a GDP of $1.7T ranked the 10th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Canada and Somalia ranked 133rd vs 97th and 21st vs 196th, respectively.

Gross Domestic Product & Income

StatCanadaSomalia
GDP$1.7T$4.7B
GDP growth, 1 year1.8%3.1%
GDP growth, 5-years average1.9%2.9%
Population37.9M11M
GDP per capita$46k$315
GDP per capita growth0.47%-2.74%
Purchasing Power Parity conversion factor1.2411427.68
Price level ratio of PPP conversion factor GDP to market exchange rate0.96N/A
GDP per capita, PPP adjusted$50k$500
GNI, Atlas method$1.7T$959.2M
GNI per capita$45k$130
GNI, PPP adjusted$1.8TN/A
GNI per capita, PPP adjusted$48kN/A

Financial system and Human development

StatCanadaSomalia
Income Tax Rate33%N/A
Corporate Tax Rate15%N/A
Inflation, consumer prices0.9%1.5%
Inflation, GDP deflator1.9%215.5%
Unemployment5.9%14%
Economic Freedom Index78.229
Personal Freedom Index9.263.6
Human Freedom Index8.693.4
Property Rights Index87.720.1
Judical Effectiveness Index72.726.5
Business Freedom Index81.731.6
Fiscal Health Index83.3N/A
Labor Freedom Index72N/A
Investment Freedom Index80N/A
Financial Freedom Index80N/A
Trade Freedom Index87N/A
Monetary Freedom Index76N/A
Government Spending Index50.9N/A
Tax Burden Index76.5N/A
Government Integrity Index90.313.1
Corruption Perceptions Index8110
Life expectancy at birth, years82.256.7
Suicide mortality rate, per 100,000 people12.54.7
Mortality caused by road traffic injury, per 100,000 people5.827.1
Intentional homicides, per 100,000 people1.84.3
International tourism, number of arrivals21.1MN/A

Government debt & reserves

StatCanadaSomalia
Central government debt, % of GDP90.6%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 GNI6.5%N/A
Gross savings, % of GDP19.7%N/A
Gross capital formation, % of GDP23.1%15.5%
Total reserves including gold$83.9B$23.1M
Foreign direct investment net inflows$46.5B$409M

Exports, imports and economic structure

StatCanadaSomalia
Exports of goods and services, % of GDP32.1%25.9%
Imports of goods and services, % of GDP34.1%99.6%
Current account balance (balance of payments)-$45.3BN/A
Revenue excluding grants, % of GDP18.1%0%
Grants excluding technical cooperation, BoPN/A$1.5B
Personal remittances received$1.4B$21.7M
Industry including construction value added, % of GDP24.8%9.5%
Agriculture, forestry and fishing value added, % of GDP1.7%62.7%
Charges for the use of intellectual property, payments BoP$11.8BN/A
Charges for the use of intellectual property, receipts BoP$4.8BN/A
Expense, % of GDP17.3%0%
Government Expenditure, % of GDP40.5%N/A

Compare with countries close by GDP per capita

Canada vs

CountryGDP
per capita
Population
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
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
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M

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