Grenada vs Somalia: Economic Indicators Comparison

Somalia with a GDP of $4.7B ranked the 159th largest economy in the world, while Grenada ranked 183rd with $1.2B. By GDP per capita, Somalia and Grenada ranked 196th vs 70th, respectively.

Gross Domestic Product & Income

Stat	Grenada	Somalia
GDP	$1.2B	$4.7B
GDP growth, 1 year	4.18%	3.1%
GDP growth, 5-years average	N/A	2.9%
Population	108k	11M
GDP per capita	$11k	$315
GDP per capita growth	3.64%	-2.74%
Purchasing Power Parity conversion factor	1.85	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.68	N/A
GDP per capita, PPP adjusted	$16k	$500
GNI, Atlas method	$1.1B	$959.2M
GNI per capita	$9.7k	$130
GNI, PPP adjusted	$1.6B	N/A
GNI per capita, PPP adjusted	$14k	N/A

Financial system and Human development

Stat	Grenada	Somalia
Income Tax Rate	N/A	N/A
Corporate Tax Rate	N/A	N/A
Inflation, consumer prices	0.8%	1.5%
Inflation, GDP deflator	1%	215.5%
Unemployment	22.9%	14%
Economic Freedom Index	63	29
Personal Freedom Index	6	3.6
Human Freedom Index	6	3.4
Property Rights Index	N/A	20.1
Judical Effectiveness Index	N/A	26.5
Business Freedom Index	N/A	31.6
Fiscal Health Index	N/A	N/A
Labor Freedom Index	N/A	N/A
Investment Freedom Index	N/A	N/A
Financial Freedom Index	N/A	N/A
Trade Freedom Index	N/A	N/A
Monetary Freedom Index	N/A	N/A
Government Spending Index	N/A	N/A
Tax Burden Index	N/A	N/A
Government Integrity Index	N/A	13.1
Corruption Perceptions Index	52	10
Life expectancy at birth, years	72.4	56.7
Suicide mortality rate, per 100,000 people	1.7	4.7
Mortality caused by road traffic injury, per 100,000 people	9.3	27.1
Intentional homicides, per 100,000 people	11.1	4.3
International tourism, number of arrivals	185k	N/A

Government debt & reserves

Stat	Grenada	Somalia
Central government debt, % of GDP	N/A	N/A
External debt stocks, % of GNI	58.8%	39.4%
External debt stocks	$644.9M	$2.9B
Short-term debt, % of total reserves	50.4%	847.9%
Total debt service, % of exports and primary income	8.4%	47.6%
Adjusted net savings including particulate emission damage, % of GNI	N/A	N/A
Gross savings, % of GDP	N/A	N/A
Gross capital formation, % of GDP	N/A	15.5%
Total reserves including gold	$233.8M	$23.1M
Foreign direct investment net inflows	$153.7M	$409M

Exports, imports and economic structure

Stat	Grenada	Somalia
Exports of goods and services, % of GDP	54.2%	25.9%
Imports of goods and services, % of GDP	55.2%	99.6%
Current account balance (balance of payments)	-$116.3M	N/A
Revenue excluding grants, % of GDP	N/A	0%
Grants excluding technical cooperation, BoP	$250k	$1.5B
Personal remittances received	$48.5M	$21.7M
Industry including construction value added, % of GDP	13.3%	9.5%
Agriculture, forestry and fishing value added, % of GDP	5.2%	62.7%
Charges for the use of intellectual property, payments BoP	$9.3M	N/A
Charges for the use of intellectual property, receipts BoP	$56k	N/A
Expense, % of GDP	N/A	0%
Government Expenditure, % of GDP	N/A	N/A