Israel vs Somalia: Economic Indicators Comparison

Israel with a GDP of $370.6B ranked the 34th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Israel and Somalia ranked 73rd vs 97th and 26th vs 196th, respectively.

Gross Domestic Product & Income

Stat	Israel	Somalia
GDP	$370.6B	$4.7B
GDP growth, 1 year	3.3%	3.1%
GDP growth, 5-years average	3.4%	2.9%
Population	9.1M	11M
GDP per capita	$42k	$315
GDP per capita growth	1.47%	-2.74%
Purchasing Power Parity conversion factor	3.75	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	1.04	N/A
GDP per capita, PPP adjusted	$38k	$500
GNI, Atlas method	$363.6B	$959.2M
GNI per capita	$41k	$130
GNI, PPP adjusted	$354.8B	N/A
GNI per capita, PPP adjusted	$40k	N/A

Financial system and Human development

Stat	Israel	Somalia
Income Tax Rate	48%	N/A
Corporate Tax Rate	23%	N/A
Inflation, consumer prices	0.8%	1.5%
Inflation, GDP deflator	1.2%	215.5%
Unemployment	4%	14%
Economic Freedom Index	74	29
Personal Freedom Index	7.64	3.6
Human Freedom Index	7.41	3.4
Property Rights Index	82.3	20.1
Judical Effectiveness Index	71.8	26.5
Business Freedom Index	72.2	31.6
Fiscal Health Index	89.2	N/A
Labor Freedom Index	64.4	N/A
Investment Freedom Index	75	N/A
Financial Freedom Index	70	N/A
Trade Freedom Index	86.2	N/A
Monetary Freedom Index	84.9	N/A
Government Spending Index	53.5	N/A
Tax Burden Index	61	N/A
Government Integrity Index	77.2	13.1
Corruption Perceptions Index	61	10
Life expectancy at birth, years	82.6	56.7
Suicide mortality rate, per 100,000 people	5.4	4.7
Mortality caused by road traffic injury, per 100,000 people	4.2	27.1
Intentional homicides, per 100,000 people	1.4	4.3
International tourism, number of arrivals	4.1M	N/A

Government debt & reserves

Stat	Israel	Somalia
Central government debt, % of GDP	59.6%	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	15.6%	N/A
Gross savings, % of GDP	24.4%	N/A
Gross capital formation, % of GDP	21.8%	15.5%
Total reserves including gold	$115.3B	$23.1M
Foreign direct investment net inflows	$20.8B	$409M

Exports, imports and economic structure

Stat	Israel	Somalia
Exports of goods and services, % of GDP	29.4%	25.9%
Imports of goods and services, % of GDP	29%	99.6%
Current account balance (balance of payments)	$9.3B	N/A
Revenue excluding grants, % of GDP	31.8%	0%
Grants excluding technical cooperation, BoP	$533.6M	$1.5B
Personal remittances received	$939.6M	$21.7M
Industry including construction value added, % of GDP	19.4%	9.5%
Agriculture, forestry and fishing value added, % of GDP	1.1%	62.7%
Charges for the use of intellectual property, payments BoP	$1.4B	N/A
Charges for the use of intellectual property, receipts BoP	$1.3B	N/A
Expense, % of GDP	37%	0%
Government Expenditure, % of GDP	39.4%	N/A