Jamaica vs Somalia: Economic Indicators Comparison

Jamaica with a GDP of $15.7B ranked the 122nd largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Jamaica and Somalia ranked 153rd vs 97th and 106th vs 196th, respectively.

Gross Domestic Product & Income

Stat	Jamaica	Somalia
GDP	$15.7B	$4.7B
GDP growth, 1 year	1.4%	3.1%
GDP growth, 5-years average	1%	2.9%
Population	2.9M	11M
GDP per capita	$5.4k	$315
GDP per capita growth	1.45%	-2.74%
Purchasing Power Parity conversion factor	73.98	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.57	N/A
GDP per capita, PPP adjusted	$9.4k	$500
GNI, Atlas method	$14.6B	$959.2M
GNI per capita	$5k	$130
GNI, PPP adjusted	$26.1B	N/A
GNI per capita, PPP adjusted	$8.9k	N/A

Financial system and Human development

Stat	Jamaica	Somalia
Income Tax Rate	25%	N/A
Corporate Tax Rate	25%	N/A
Inflation, consumer prices	3.7%	1.5%
Inflation, GDP deflator	4.8%	215.5%
Unemployment	9.5%	14%
Economic Freedom Index	68.5	29
Personal Freedom Index	7.29	3.6
Human Freedom Index	7.16	3.4
Property Rights Index	62.1	20.1
Judical Effectiveness Index	50.5	26.5
Business Freedom Index	77.7	31.6
Fiscal Health Index	80.2	N/A
Labor Freedom Index	74	N/A
Investment Freedom Index	80	N/A
Financial Freedom Index	50	N/A
Trade Freedom Index	68.4	N/A
Monetary Freedom Index	77.7	N/A
Government Spending Index	74.8	N/A
Tax Burden Index	80	N/A
Government Integrity Index	46.8	13.1
Corruption Perceptions Index	44	10
Life expectancy at birth, years	74.3	56.7
Suicide mortality rate, per 100,000 people	2.2	4.7
Mortality caused by road traffic injury, per 100,000 people	13.6	27.1
Intentional homicides, per 100,000 people	57	4.3
International tourism, number of arrivals	2.5M	N/A

Government debt & reserves

Stat	Jamaica	Somalia
Central government debt, % of GDP	99.4%	N/A
External debt stocks, % of GNI	108%	39.4%
External debt stocks	$16.3B	$2.9B
Short-term debt, % of total reserves	56.4%	847.9%
Total debt service, % of exports and primary income	20.4%	47.6%
Adjusted net savings including particulate emission damage, % of GNI	15.9%	N/A
Gross savings, % of GDP	21.3%	N/A
Gross capital formation, % of GDP	23.3%	15.5%
Total reserves including gold	$3.5B	$23.1M
Foreign direct investment net inflows	$774.6M	$409M

Exports, imports and economic structure

Stat	Jamaica	Somalia
Exports of goods and services, % of GDP	38%	25.9%
Imports of goods and services, % of GDP	51.1%	99.6%
Current account balance (balance of payments)	-$287.6M	N/A
Revenue excluding grants, % of GDP	29.3%	0%
Grants excluding technical cooperation, BoP	$96.8M	$1.5B
Personal remittances received	$2.5B	$21.7M
Industry including construction value added, % of GDP	20.3%	9.5%
Agriculture, forestry and fishing value added, % of GDP	6.6%	62.7%
Charges for the use of intellectual property, payments BoP	$50.8M	N/A
Charges for the use of intellectual property, receipts BoP	$5.3M	N/A
Expense, % of GDP	26.7%	0%
Government Expenditure, % of GDP	29%	N/A