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

Stat	Ireland	Somalia
GDP	$382.5B	$4.7B
GDP growth, 1 year	6.8%	3.1%
GDP growth, 5-years average	10.5%	2.9%
Population	4.8M	11M
GDP per capita	$79k	$315
GDP per capita growth	7.14%	-2.74%
Purchasing Power Parity conversion factor	0.8	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.95	N/A
GDP per capita, PPP adjusted	$79k	$500
GNI, Atlas method	$297.9B	$959.2M
GNI per capita	$61k	$130
GNI, PPP adjusted	$325.4B	N/A
GNI per capita, PPP adjusted	$67k	N/A

Financial system and Human development

Stat	Ireland	Somalia
Income Tax Rate	41%	N/A
Corporate Tax Rate	12.5%	N/A
Inflation, consumer prices	0.7%	1.5%
Inflation, GDP deflator	0.8%	215.5%
Unemployment	5.7%	14%
Economic Freedom Index	80.9	29
Personal Freedom Index	9.04	3.6
Human Freedom Index	8.48	3.4
Property Rights Index	86.6	20.1
Judical Effectiveness Index	64.4	26.5
Business Freedom Index	82.7	31.6
Fiscal Health Index	91.4	N/A
Labor Freedom Index	75.9	N/A
Investment Freedom Index	90	N/A
Financial Freedom Index	70	N/A
Trade Freedom Index	86.4	N/A
Monetary Freedom Index	85.3	N/A
Government Spending Index	78.8	N/A
Tax Burden Index	76.4	N/A
Government Integrity Index	82.8	13.1
Corruption Perceptions Index	73	10
Life expectancy at birth, years	82	56.7
Suicide mortality rate, per 100,000 people	11.5	4.7
Mortality caused by road traffic injury, per 100,000 people	4.1	27.1
Intentional homicides, per 100,000 people	0.9	4.3
International tourism, number of arrivals	10.9M	N/A

Government debt & reserves

Stat	Ireland	Somalia
Central government debt, % of GDP	65.2%	N/A
External debt stocks, % of GNI	N/A	39.4%
External debt stocks	N/A	$2.9B
Short-term debt, % of total reserves	N/A	847.9%
Total debt service, % of exports and primary income	N/A	47.6%
Adjusted net savings including particulate emission damage, % of GNI	16%	N/A
Gross savings, % of GDP	36.6%	N/A
Gross capital formation, % of GDP	23.8%	15.5%
Total reserves including gold	$5.2B	$23.1M
Foreign direct investment net inflows	$64.5B	$409M

Exports, imports and economic structure

Stat	Ireland	Somalia
Exports of goods and services, % of GDP	122.3%	25.9%
Imports of goods and services, % of GDP	89.2%	99.6%
Current account balance (balance of payments)	$40.9B	N/A
Revenue excluding grants, % of GDP	24.2%	0%
Grants excluding technical cooperation, BoP	N/A	$1.5B
Personal remittances received	$623.6M	$21.7M
Industry including construction value added, % of GDP	36.8%	9.5%
Agriculture, forestry and fishing value added, % of GDP	0.9%	62.7%
Charges for the use of intellectual property, payments BoP	$85.1B	N/A
Charges for the use of intellectual property, receipts BoP	$13.9B	N/A
Expense, % of GDP	23.3%	0%
Government Expenditure, % of GDP	26.6%	N/A