Georgia vs Somalia: Economic Indicators Comparison

Georgia with a GDP of $17.6B ranked the 119th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Georgia and Somalia ranked 54th vs 97th and 111th vs 196th, respectively.

Gross Domestic Product & Income

Stat	Georgia	Somalia
GDP	$17.6B	$4.7B
GDP growth, 1 year	4.7%	3.1%
GDP growth, 5-years average	4%	2.9%
Population	3.7M	11M
GDP per capita	$4.7k	$315
GDP per capita growth	4.72%	-2.74%
Purchasing Power Parity conversion factor	1	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.39	N/A
GDP per capita, PPP adjusted	$11k	$500
GNI, Atlas method	$16.6B	$959.2M
GNI per capita	$4.4k	$130
GNI, PPP adjusted	$42.9B	N/A
GNI per capita, PPP adjusted	$12k	N/A

Financial system and Human development

Stat	Georgia	Somalia
Income Tax Rate	20%	N/A
Corporate Tax Rate	15%	N/A
Inflation, consumer prices	2.6%	1.5%
Inflation, GDP deflator	4.4%	215.5%
Unemployment	14.1%	14%
Economic Freedom Index	77.1	29
Personal Freedom Index	7.4	3.6
Human Freedom Index	7.48	3.4
Property Rights Index	68.6	20.1
Judical Effectiveness Index	57.9	26.5
Business Freedom Index	85.3	31.6
Fiscal Health Index	94.4	N/A
Labor Freedom Index	76.3	N/A
Investment Freedom Index	80	N/A
Financial Freedom Index	70	N/A
Trade Freedom Index	88.6	N/A
Monetary Freedom Index	78.3	N/A
Government Spending Index	73.6	N/A
Tax Burden Index	87.1	N/A
Government Integrity Index	64.8	13.1
Corruption Perceptions Index	58	10
Life expectancy at birth, years	73.4	56.7
Suicide mortality rate, per 100,000 people	8.2	4.7
Mortality caused by road traffic injury, per 100,000 people	15.3	27.1
Intentional homicides, per 100,000 people	1	4.3
International tourism, number of arrivals	4.8M	N/A

Government debt & reserves

Stat	Georgia	Somalia
Central government debt, % of GDP	44.5%	N/A
External debt stocks, % of GNI	110.6%	39.4%
External debt stocks	$17.1B	$2.9B
Short-term debt, % of total reserves	81.1%	847.9%
Total debt service, % of exports and primary income	23.7%	47.6%
Adjusted net savings including particulate emission damage, % of GNI	12.5%	N/A
Gross savings, % of GDP	21%	N/A
Gross capital formation, % of GDP	28.1%	15.5%
Total reserves including gold	$3.3B	$23.1M
Foreign direct investment net inflows	$1.2B	$409M

Exports, imports and economic structure

Stat	Georgia	Somalia
Exports of goods and services, % of GDP	50.6%	25.9%
Imports of goods and services, % of GDP	61.2%	99.6%
Current account balance (balance of payments)	-$1.2B	N/A
Revenue excluding grants, % of GDP	23%	0%
Grants excluding technical cooperation, BoP	$314.1M	$1.5B
Personal remittances received	$2B	$21.7M
Industry including construction value added, % of GDP	19.9%	9.5%
Agriculture, forestry and fishing value added, % of GDP	6.8%	62.7%
Charges for the use of intellectual property, payments BoP	$27.1M	N/A
Charges for the use of intellectual property, receipts BoP	$270k	N/A
Expense, % of GDP	21.4%	0%
Government Expenditure, % of GDP	29.6%	N/A