Iran vs Somalia: Economic Indicators Comparison

Iran with a GDP of $454B ranked the 29th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Iran and Somalia ranked 102nd vs 97th and 105th vs 196th, respectively.

Gross Domestic Product & Income

Stat	Iran	Somalia
GDP	$454B	$4.7B
GDP growth, 1 year	-3.9%	3.1%
GDP growth, 5-years average	2.8%	2.9%
Population	80M	11M
GDP per capita	$5.6k	$315
GDP per capita growth	2.33%	-2.74%
Purchasing Power Parity conversion factor	9035.96	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.27	N/A
GDP per capita, PPP adjusted	$20k	$500
GNI, Atlas method	$441B	$959.2M
GNI per capita	$5.5k	$130
GNI, PPP adjusted	$1.7T	N/A
GNI per capita, PPP adjusted	$21k	N/A

Financial system and Human development

Stat	Iran	Somalia
Income Tax Rate	35%	N/A
Corporate Tax Rate	25%	N/A
Inflation, consumer prices	31.2%	1.5%
Inflation, GDP deflator	12.2%	215.5%
Unemployment	12%	14%
Economic Freedom Index	49.2	29
Personal Freedom Index	4.83	3.6
Human Freedom Index	5.29	3.4
Property Rights Index	36.9	20.1
Judical Effectiveness Index	37.1	26.5
Business Freedom Index	57.3	31.6
Fiscal Health Index	86.5	N/A
Labor Freedom Index	50.7	N/A
Investment Freedom Index	5	N/A
Financial Freedom Index	10	N/A
Trade Freedom Index	54.6	N/A
Monetary Freedom Index	49	N/A
Government Spending Index	89.2	N/A
Tax Burden Index	81	N/A
Government Integrity Index	33.5	13.1
Corruption Perceptions Index	28	10
Life expectancy at birth, years	76.3	56.7
Suicide mortality rate, per 100,000 people	4.1	4.7
Mortality caused by road traffic injury, per 100,000 people	20.5	27.1
Intentional homicides, per 100,000 people	2.5	4.3
International tourism, number of arrivals	7.3M	N/A

Government debt & reserves

Stat	Iran	Somalia
Central government debt, % of GDP	33.2%	N/A
External debt stocks, % of GNI	1.5%	39.4%
External debt stocks	$6.3B	$2.9B
Short-term debt, % of total reserves	62.1%	847.9%
Total debt service, % of exports and primary income	0.8%	47.6%
Adjusted net savings including particulate emission damage, % of GNI	8.2%	N/A
Gross savings, % of GDP	37.7%	N/A
Gross capital formation, % of GDP	34.7%	15.5%
Total reserves including gold	$7.7B	$23.1M
Foreign direct investment net inflows	$3.5B	$409M

Exports, imports and economic structure

Stat	Iran	Somalia
Exports of goods and services, % of GDP	24.9%	25.9%
Imports of goods and services, % of GDP	23.8%	99.6%
Current account balance (balance of payments)	$12.5B	N/A
Revenue excluding grants, % of GDP	25.4%	0%
Grants excluding technical cooperation, BoP	$65M	$1.5B
Personal remittances received	$1.3B	$21.7M
Industry including construction value added, % of GDP	34.9%	9.5%
Agriculture, forestry and fishing value added, % of GDP	9.5%	62.7%
Charges for the use of intellectual property, payments BoP	N/A	N/A
Charges for the use of intellectual property, receipts BoP	N/A	N/A
Expense, % of GDP	19.6%	0%
Government Expenditure, % of GDP	19%	N/A