Guinea vs Somalia: Economic Indicators Comparison

Guinea with a GDP of $10.9B ranked the 142nd largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Guinea and Somalia ranked 15th vs 97th and 175th vs 196th, respectively.

Gross Domestic Product & Income

Stat	Guinea	Somalia
GDP	$10.9B	$4.7B
GDP growth, 1 year	5.8%	3.1%
GDP growth, 5-years average	6.7%	2.9%
Population	12.7M	11M
GDP per capita	$879	$315
GDP per capita growth	3.2%	-2.74%
Purchasing Power Parity conversion factor	3160.71	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.35	N/A
GDP per capita, PPP adjusted	$2.3k	$500
GNI, Atlas method	$10.6B	$959.2M
GNI per capita	$850	$130
GNI, PPP adjusted	$30.6B	N/A
GNI per capita, PPP adjusted	$2.5k	N/A

Financial system and Human development

Stat	Guinea	Somalia
Income Tax Rate	40%	N/A
Corporate Tax Rate	35%	N/A
Inflation, consumer prices	9.7%	1.5%
Inflation, GDP deflator	-1.3%	215.5%
Unemployment	3.6%	14%
Economic Freedom Index	56.5	29
Personal Freedom Index	5.95	3.6
Human Freedom Index	5.68	3.4
Property Rights Index	38.7	20.1
Judical Effectiveness Index	33.3	26.5
Business Freedom Index	55.4	31.6
Fiscal Health Index	93.8	N/A
Labor Freedom Index	58	N/A
Investment Freedom Index	50	N/A
Financial Freedom Index	40	N/A
Trade Freedom Index	60.4	N/A
Monetary Freedom Index	70.6	N/A
Government Spending Index	91.4	N/A
Tax Burden Index	70	N/A
Government Integrity Index	16.1	13.1
Corruption Perceptions Index	28	10
Life expectancy at birth, years	60.7	56.7
Suicide mortality rate, per 100,000 people	6.3	4.7
Mortality caused by road traffic injury, per 100,000 people	28.2	27.1
Intentional homicides, per 100,000 people	8.8	4.3
International tourism, number of arrivals	99k	N/A

Government debt & reserves

Stat	Guinea	Somalia
Central government debt, % of GDP	38.7%	N/A
External debt stocks, % of GNI	24.6%	39.4%
External debt stocks	$2.6B	$2.9B
Short-term debt, % of total reserves	12.4%	847.9%
Total debt service, % of exports and primary income	2.2%	47.6%
Adjusted net savings including particulate emission damage, % of GNI	-6.5%	N/A
Gross savings, % of GDP	3.1%	N/A
Gross capital formation, % of GDP	18.9%	15.5%
Total reserves including gold	$1.2B	$23.1M
Foreign direct investment net inflows	$352.8M	$409M

Exports, imports and economic structure

Stat	Guinea	Somalia
Exports of goods and services, % of GDP	37.6%	25.9%
Imports of goods and services, % of GDP	53%	99.6%
Current account balance (balance of payments)	-$190.5M	N/A
Revenue excluding grants, % of GDP	12.1%	0%
Grants excluding technical cooperation, BoP	$367.3M	$1.5B
Personal remittances received	$28.4M	$21.7M
Industry including construction value added, % of GDP	24.8%	9.5%
Agriculture, forestry and fishing value added, % of GDP	24.3%	62.7%
Charges for the use of intellectual property, payments BoP	$620k	N/A
Charges for the use of intellectual property, receipts BoP	-$1.5M	N/A
Expense, % of GDP	9.4%	0%
Government Expenditure, % of GDP	16.9%	N/A