Kiribati vs Somalia: Economic Indicators Comparison

Somalia with a GDP of $4.7B ranked the 159th largest economy in the world, while Kiribati ranked 194th with $188.3M. By GDP 5-years average growth and GDP per capita, Somalia and Kiribati ranked 97th vs 68th and 196th vs 156th, respectively.

Gross Domestic Product & Income

StatKiribatiSomalia
GDP$188.3M$4.7B
GDP growth, 1 year2.3%3.1%
GDP growth, 5-years average3.5%2.9%
Population116k11M
GDP per capita$1.6k$315
GDP per capita growth0.51%-2.74%
Purchasing Power Parity conversion factor0.9511427.68
Price level ratio of PPP conversion factor GDP to market exchange rate0.71N/A
GDP per capita, PPP adjusted$2.1k$500
GNI, Atlas method$363.8M$959.2M
GNI per capita$3.1k$130
GNI, PPP adjusted$511.5MN/A
GNI per capita, PPP adjusted$4.4kN/A

Financial system and Human development

StatKiribatiSomalia
Income Tax Rate35%N/A
Corporate Tax Rate35%N/A
Inflation, consumer prices1.9%1.5%
Inflation, GDP deflator2%215.5%
Unemployment30.6%14%
Economic Freedom Index45.229
Personal Freedom Index4.83.6
Human Freedom Index4.23.4
Property Rights Index47.520.1
Judical Effectiveness Index34.226.5
Business Freedom Index40.631.6
Fiscal Health Index99N/A
Labor Freedom Index62.9N/A
Investment Freedom Index25N/A
Financial Freedom Index30N/A
Trade Freedom Index23.8N/A
Monetary Freedom Index82.2N/A
Government Spending Index0N/A
Tax Burden Index72.4N/A
Government Integrity Index24.313.1
Corruption Perceptions Index4010
Life expectancy at birth, years67.956.7
Suicide mortality rate, per 100,000 people14.44.7
Mortality caused by road traffic injury, per 100,000 people4.427.1
Intentional homicides, per 100,000 people7.54.3
International tourism, number of arrivals7.1kN/A

Government debt & reserves

StatKiribatiSomalia
Central government debt, % of GDP21.9%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 GNIN/AN/A
Gross savings, % of GDP96%N/A
Gross capital formation, % of GDP40%15.5%
Total reserves including goldN/A$23.1M
Foreign direct investment net inflows$591k$409M

Exports, imports and economic structure

StatKiribatiSomalia
Exports of goods and services, % of GDP13.2%25.9%
Imports of goods and services, % of GDP92%99.6%
Current account balance (balance of payments)$70.5MN/A
Revenue excluding grants, % of GDP100.5%0%
Grants excluding technical cooperation, BoP$50.7M$1.5B
Personal remittances received$18M$21.7M
Industry including construction value added, % of GDP12.4%9.5%
Agriculture, forestry and fishing value added, % of GDP30.8%62.7%
Charges for the use of intellectual property, payments BoPN/AN/A
Charges for the use of intellectual property, receipts BoP$13.4MN/A
Expense, % of GDP77.4%0%
Government Expenditure, % of GDP125.7%N/A

Compare with countries close by GDP per capita

Kiribati vs

CountryGDP
per capita
Population
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M

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