Guinea-Bissau vs Somalia: Economic Indicators Comparison

Somalia with a GDP of $4.7B ranked the 159th largest economy in the world, while Guinea-Bissau ranked 181st with $1.5B. By GDP 5-years average growth and GDP per capita, Somalia and Guinea-Bissau ranked 97th vs 44th and 196th vs 179th, respectively.

Gross Domestic Product & Income

Stat	Guinea-Bissau	Somalia
GDP	$1.5B	$4.7B
GDP growth, 1 year	3.8%	3.1%
GDP growth, 5-years average	4.6%	2.9%
Population	1.9M	11M
GDP per capita	$778	$315
GDP per capita growth	1.24%	-2.74%
Purchasing Power Parity conversion factor	240.31	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.43	N/A
GDP per capita, PPP adjusted	$1.9k	$500
GNI, Atlas method	$1.4B	$959.2M
GNI per capita	$750	$130
GNI, PPP adjusted	$3.4B	N/A
GNI per capita, PPP adjusted	$1.8k	N/A

Financial system and Human development

Stat	Guinea-Bissau	Somalia
Income Tax Rate	20%	N/A
Corporate Tax Rate	25%	N/A
Inflation, consumer prices	1.4%	1.5%
Inflation, GDP deflator	-0.4%	215.5%
Unemployment	4.1%	14%
Economic Freedom Index	53.3	29
Personal Freedom Index	6.83	3.6
Human Freedom Index	5.97	3.4
Property Rights Index	41.3	20.1
Judical Effectiveness Index	48.4	26.5
Business Freedom Index	39.1	31.6
Fiscal Health Index	67.3	N/A
Labor Freedom Index	61.2	N/A
Investment Freedom Index	30	N/A
Financial Freedom Index	30	N/A
Trade Freedom Index	49	N/A
Monetary Freedom Index	82.7	N/A
Government Spending Index	86.7	N/A
Tax Burden Index	88.7	N/A
Government Integrity Index	14.8	13.1
Corruption Perceptions Index	16	10
Life expectancy at birth, years	57.7	56.7
Suicide mortality rate, per 100,000 people	4	4.7
Mortality caused by road traffic injury, per 100,000 people	31.1	27.1
Intentional homicides, per 100,000 people	1.1	4.3
International tourism, number of arrivals	45k	N/A

Government debt & reserves

Stat	Guinea-Bissau	Somalia
Central government debt, % of GDP	56.1%	N/A
External debt stocks, % of GNI	28.9%	39.4%
External debt stocks	$420.7M	$2.9B
Short-term debt, % of total reserves	N/A	847.9%
Total debt service, % of exports and primary income	1.9%	47.6%
Adjusted net savings including particulate emission damage, % of GNI	-11%	N/A
Gross savings, % of GDP	8.8%	N/A
Gross capital formation, % of GDP	10.9%	15.5%
Total reserves including gold	N/A	$23.1M
Foreign direct investment net inflows	$20.6M	$409M

Exports, imports and economic structure

Stat	Guinea-Bissau	Somalia
Exports of goods and services, % of GDP	25.3%	25.9%
Imports of goods and services, % of GDP	32.5%	99.6%
Current account balance (balance of payments)	-$54.1M	N/A
Revenue excluding grants, % of GDP	12.7%	0%
Grants excluding technical cooperation, BoP	$80M	$1.5B
Personal remittances received	$127.9M	$21.7M
Industry including construction value added, % of GDP	12.6%	9.5%
Agriculture, forestry and fishing value added, % of GDP	47.5%	62.7%
Charges for the use of intellectual property, payments BoP	$2.4k	N/A
Charges for the use of intellectual property, receipts BoP	$79k	N/A
Expense, % of GDP	12.6%	0%
Government Expenditure, % of GDP	21.1%	N/A