Ireland vs Somalia: Economic Indicators Comparison

Ireland with a GDP of $382.5B ranked the 33rd largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Ireland and Somalia ranked 1st vs 97th and 7th vs 196th, respectively.

Gross Domestic Product & Income

StatIrelandSomalia
GDP$382.5B$4.7B
GDP growth, 1 year6.8%3.1%
GDP growth, 5-years average10.5%2.9%
Population4.8M11M
GDP per capita$79k$315
GDP per capita growth7.14%-2.74%
Purchasing Power Parity conversion factor0.811427.68
Price level ratio of PPP conversion factor GDP to market exchange rate0.95N/A
GDP per capita, PPP adjusted$79k$500
GNI, Atlas method$297.9B$959.2M
GNI per capita$61k$130
GNI, PPP adjusted$325.4BN/A
GNI per capita, PPP adjusted$67kN/A

Financial system and Human development

StatIrelandSomalia
Income Tax Rate41%N/A
Corporate Tax Rate12.5%N/A
Inflation, consumer prices0.7%1.5%
Inflation, GDP deflator0.8%215.5%
Unemployment5.7%14%
Economic Freedom Index80.929
Personal Freedom Index9.043.6
Human Freedom Index8.483.4
Property Rights Index86.620.1
Judical Effectiveness Index64.426.5
Business Freedom Index82.731.6
Fiscal Health Index91.4N/A
Labor Freedom Index75.9N/A
Investment Freedom Index90N/A
Financial Freedom Index70N/A
Trade Freedom Index86.4N/A
Monetary Freedom Index85.3N/A
Government Spending Index78.8N/A
Tax Burden Index76.4N/A
Government Integrity Index82.813.1
Corruption Perceptions Index7310
Life expectancy at birth, years8256.7
Suicide mortality rate, per 100,000 people11.54.7
Mortality caused by road traffic injury, per 100,000 people4.127.1
Intentional homicides, per 100,000 people0.94.3
International tourism, number of arrivals10.9MN/A

Government debt & reserves

StatIrelandSomalia
Central government debt, % of GDP65.2%N/A
External debt stocks, % of GNIN/A39.4%
External debt stocksN/A$2.9B
Short-term debt, % of total reservesN/A847.9%
Total debt service, % of exports and primary incomeN/A47.6%
Adjusted net savings including particulate emission damage, % of GNI16%N/A
Gross savings, % of GDP36.6%N/A
Gross capital formation, % of GDP23.8%15.5%
Total reserves including gold$5.2B$23.1M
Foreign direct investment net inflows$64.5B$409M

Exports, imports and economic structure

StatIrelandSomalia
Exports of goods and services, % of GDP122.3%25.9%
Imports of goods and services, % of GDP89.2%99.6%
Current account balance (balance of payments)$40.9BN/A
Revenue excluding grants, % of GDP24.2%0%
Grants excluding technical cooperation, BoPN/A$1.5B
Personal remittances received$623.6M$21.7M
Industry including construction value added, % of GDP36.8%9.5%
Agriculture, forestry and fishing value added, % of GDP0.9%62.7%
Charges for the use of intellectual property, payments BoP$85.1BN/A
Charges for the use of intellectual property, receipts BoP$13.9BN/A
Expense, % of GDP23.3%0%
Government Expenditure, % of GDP26.6%N/A

Compare with countries close by GDP per capita

Ireland vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k

Somalia vs

CountryGDP
per capita
Population
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Burundi
$272
10.9M