Malawi vs Somalia: Economic Indicators Comparison

Malawi with a GDP of $7.1B ranked the 150th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Malawi and Somalia ranked 63rd vs 97th and 195th vs 196th, respectively.

Gross Domestic Product & Income

Stat	Malawi	Somalia
GDP	$7.1B	$4.7B
GDP growth, 1 year	3.2%	3.1%
GDP growth, 5-years average	3.6%	2.9%
Population	18.6M	11M
GDP per capita	$389	$315
GDP per capita growth	0.8%	-2.74%
Purchasing Power Parity conversion factor	217.52	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.3	N/A
GDP per capita, PPP adjusted	$1.2k	$500
GNI, Atlas method	$6.5B	$959.2M
GNI per capita	$360	$130
GNI, PPP adjusted	$23.7B	N/A
GNI per capita, PPP adjusted	$1.3k	N/A

Financial system and Human development

Stat	Malawi	Somalia
Income Tax Rate	30%	N/A
Corporate Tax Rate	30%	N/A
Inflation, consumer prices	9.2%	1.5%
Inflation, GDP deflator	8.6%	215.5%
Unemployment	5.4%	14%
Economic Freedom Index	52.8	29
Personal Freedom Index	7.18	3.6
Human Freedom Index	6.68	3.4
Property Rights Index	43.1	20.1
Judical Effectiveness Index	42.1	26.5
Business Freedom Index	41.9	31.6
Fiscal Health Index	23.6	N/A
Labor Freedom Index	62.8	N/A
Investment Freedom Index	50	N/A
Financial Freedom Index	50	N/A
Trade Freedom Index	75.4	N/A
Monetary Freedom Index	69.1	N/A
Government Spending Index	71.7	N/A
Tax Burden Index	79	N/A
Government Integrity Index	24.8	13.1
Corruption Perceptions Index	32	10
Life expectancy at birth, years	63.3	56.7
Suicide mortality rate, per 100,000 people	3.7	4.7
Mortality caused by road traffic injury, per 100,000 people	31	27.1
Intentional homicides, per 100,000 people	1.7	4.3
International tourism, number of arrivals	871k	N/A

Government debt & reserves

Stat	Malawi	Somalia
Central government debt, % of GDP	61.3%	N/A
External debt stocks, % of GNI	32.2%	39.4%
External debt stocks	$2.3B	$2.9B
Short-term debt, % of total reserves	3%	847.9%
Total debt service, % of exports and primary income	5.7%	47.6%
Adjusted net savings including particulate emission damage, % of GNI	-16.7%	N/A
Gross savings, % of GDP	13.2%	N/A
Gross capital formation, % of GDP	13.4%	15.5%
Total reserves including gold	$759.6M	$23.1M
Foreign direct investment net inflows	$102M	$409M

Exports, imports and economic structure

Stat	Malawi	Somalia
Exports of goods and services, % of GDP	29.2%	25.9%
Imports of goods and services, % of GDP	36.2%	99.6%
Current account balance (balance of payments)	-$1.4B	N/A
Revenue excluding grants, % of GDP	18.1%	0%
Grants excluding technical cooperation, BoP	$973.7M	$1.5B
Personal remittances received	$181.6M	$21.7M
Industry including construction value added, % of GDP	14.4%	9.5%
Agriculture, forestry and fishing value added, % of GDP	26.1%	62.7%
Charges for the use of intellectual property, payments BoP	$3.2M	N/A
Charges for the use of intellectual property, receipts BoP	N/A	N/A
Expense, % of GDP	20.9%	0%
Government Expenditure, % of GDP	30.7%	N/A