Madagascar vs Somalia: Economic Indicators Comparison

Madagascar with a GDP of $13.9B ranked the 130th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Madagascar and Somalia ranked 55th vs 97th and 190th vs 196th, respectively.

Gross Domestic Product & Income

StatMadagascarSomalia
GDP$13.9B$4.7B
GDP growth, 1 year5.2%3.1%
GDP growth, 5-years average4%2.9%
Population25.6M11M
GDP per capita$528$315
GDP per capita growth1.81%-2.74%
Purchasing Power Parity conversion factor929.911427.68
Price level ratio of PPP conversion factor GDP to market exchange rate0.28N/A
GDP per capita, PPP adjusted$1.6k$500
GNI, Atlas method$13.3B$959.2M
GNI per capita$510$130
GNI, PPP adjusted$48.2BN/A
GNI per capita, PPP adjusted$1.8kN/A

Financial system and Human development

StatMadagascarSomalia
Income Tax Rate20%N/A
Corporate Tax Rate20%N/A
Inflation, consumer prices7.3%1.5%
Inflation, GDP deflator7.6%215.5%
Unemployment1.7%14%
Economic Freedom Index60.529
Personal Freedom Index7.293.6
Human Freedom Index6.693.4
Property Rights Index45.620.1
Judical Effectiveness Index39.626.5
Business Freedom Index47.331.6
Fiscal Health Index90.6N/A
Labor Freedom Index44.6N/A
Investment Freedom Index55N/A
Financial Freedom Index50N/A
Trade Freedom Index73.6N/A
Monetary Freedom Index72.7N/A
Government Spending Index91.5N/A
Tax Burden Index90.7N/A
Government Integrity Index2513.1
Corruption Perceptions Index2510
Life expectancy at birth, years66.356.7
Suicide mortality rate, per 100,000 people3.94.7
Mortality caused by road traffic injury, per 100,000 people28.627.1
Intentional homicides, per 100,000 people7.74.3
International tourism, number of arrivals291kN/A

Government debt & reserves

StatMadagascarSomalia
Central government debt, % of GDP39.7%N/A
External debt stocks, % of GNI31.8%39.4%
External debt stocks$3.7B$2.9B
Short-term debt, % of total reserves15.6%847.9%
Total debt service, % of exports and primary income2.7%47.6%
Adjusted net savings including particulate emission damage, % of GNI7.7%N/A
Gross savings, % of GDP18.6%N/A
Gross capital formation, % of GDP19.6%15.5%
Total reserves including gold$1.7B$23.1M
Foreign direct investment net inflows$612M$409M

Exports, imports and economic structure

StatMadagascarSomalia
Exports of goods and services, % of GDP28.7%25.9%
Imports of goods and services, % of GDP33.8%99.6%
Current account balance (balance of payments)$80.1MN/A
Revenue excluding grants, % of GDP11.4%0%
Grants excluding technical cooperation, BoP$373.7M$1.5B
Personal remittances received$425.5M$21.7M
Industry including construction value added, % of GDP23.1%9.5%
Agriculture, forestry and fishing value added, % of GDP23.8%62.7%
Charges for the use of intellectual property, payments BoP$17.1MN/A
Charges for the use of intellectual property, receipts BoP$4.5MN/A
Expense, % of GDP9.8%0%
Government Expenditure, % of GDP16.8%N/A

Compare with countries close by GDP per capita

Madagascar vs

CountryGDP
per capita
Population
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
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
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

Somalia vs

CountryGDP
per capita
Population
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
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
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