Maldives vs Somalia: Economic Indicators Comparison

Maldives with a GDP of $5.3B ranked the 155th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Maldives and Somalia ranked 22nd vs 97th and 72nd vs 196th, respectively.

Gross Domestic Product & Income

Stat	Maldives	Somalia
GDP	$5.3B	$4.7B
GDP growth, 1 year	7%	3.1%
GDP growth, 5-years average	6.3%	2.9%
Population	436k	11M
GDP per capita	$10k	$315
GDP per capita growth	2.89%	-2.74%
Purchasing Power Parity conversion factor	10.39	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.67	N/A
GDP per capita, PPP adjusted	$22k	$500
GNI, Atlas method	$4.8B	$959.2M
GNI per capita	$9.3k	$130
GNI, PPP adjusted	$7.3B	N/A
GNI per capita, PPP adjusted	$14k	N/A

Financial system and Human development

Stat	Maldives	Somalia
Income Tax Rate	0%	N/A
Corporate Tax Rate	0%	N/A
Inflation, consumer prices	1.5%	1.5%
Inflation, GDP deflator	5.3%	215.5%
Unemployment	6.1%	14%
Economic Freedom Index	56.5	29
Personal Freedom Index	7.2	3.6
Human Freedom Index	7.1	3.4
Property Rights Index	48.5	20.1
Judical Effectiveness Index	31.7	26.5
Business Freedom Index	78.7	31.6
Fiscal Health Index	42.9	N/A
Labor Freedom Index	70.6	N/A
Investment Freedom Index	35	N/A
Financial Freedom Index	30	N/A
Trade Freedom Index	61	N/A
Monetary Freedom Index	77	N/A
Government Spending Index	67.9	N/A
Tax Burden Index	95.8	N/A
Government Integrity Index	39.2	13.1
Corruption Perceptions Index	31	10
Life expectancy at birth, years	78.3	56.7
Suicide mortality rate, per 100,000 people	2.3	4.7
Mortality caused by road traffic injury, per 100,000 people	0.9	27.1
Intentional homicides, per 100,000 people	0.8	4.3
International tourism, number of arrivals	1.5M	N/A

Government debt & reserves

Stat	Maldives	Somalia
Central government debt, % of GDP	61.5%	N/A
External debt stocks, % of GNI	48%	39.4%
External debt stocks	$2.3B	$2.9B
Short-term debt, % of total reserves	36.4%	847.9%
Total debt service, % of exports and primary income	9.2%	47.6%
Adjusted net savings including particulate emission damage, % of GNI	N/A	N/A
Gross savings, % of GDP	N/A	N/A
Gross capital formation, % of GDP	N/A	15.5%
Total reserves including gold	$722.1M	$23.1M
Foreign direct investment net inflows	$538.5M	$409M

Exports, imports and economic structure

Stat	Maldives	Somalia
Exports of goods and services, % of GDP	69.1%	25.9%
Imports of goods and services, % of GDP	77.2%	99.6%
Current account balance (balance of payments)	-$1.4B	N/A
Revenue excluding grants, % of GDP	25.7%	0%
Grants excluding technical cooperation, BoP	$72.6M	$1.5B
Personal remittances received	$4.2M	$21.7M
Industry including construction value added, % of GDP	12.9%	9.5%
Agriculture, forestry and fishing value added, % of GDP	5.6%	62.7%
Charges for the use of intellectual property, payments BoP	$3.5M	N/A
Charges for the use of intellectual property, receipts BoP	$5.6M	N/A
Expense, % of GDP	25.1%	0%
Government Expenditure, % of GDP	32.7%	N/A