The Marshall Islands vs Somalia: Economic Indicators Comparison

Somalia with a GDP of $4.7B ranked the 159th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Somalia and the Marshall Islands ranked 196th vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Marshall Islands	Somalia
GDP	$221.3M	$4.7B
GDP growth, 1 year	3.62%	3.1%
GDP growth, 5-years average	N/A	2.9%
Population	53k	11M
GDP per capita	$3.8k	$315
GDP per capita growth	2.99%	-2.74%
Purchasing Power Parity conversion factor	0.95	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.95	N/A
GDP per capita, PPP adjusted	$4k	$500
GNI, Atlas method	$283.7M	$959.2M
GNI per capita	$4.9k	$130
GNI, PPP adjusted	$297.6M	N/A
GNI per capita, PPP adjusted	$5.1k	N/A

Financial system and Human development

Stat	Marshall Islands	Somalia
Income Tax Rate	N/A	N/A
Corporate Tax Rate	N/A	N/A
Inflation, consumer prices	N/A	1.5%
Inflation, GDP deflator	0.3%	215.5%
Unemployment	4.7%	14%
Economic Freedom Index	58	29
Personal Freedom Index	6.2	3.6
Human Freedom Index	6.2	3.4
Property Rights Index	N/A	20.1
Judical Effectiveness Index	N/A	26.5
Business Freedom Index	N/A	31.6
Fiscal Health Index	N/A	N/A
Labor Freedom Index	N/A	N/A
Investment Freedom Index	N/A	N/A
Financial Freedom Index	N/A	N/A
Trade Freedom Index	N/A	N/A
Monetary Freedom Index	N/A	N/A
Government Spending Index	N/A	N/A
Tax Burden Index	N/A	N/A
Government Integrity Index	N/A	13.1
Corruption Perceptions Index	64	10
Life expectancy at birth, years	65.2	56.7
Suicide mortality rate, per 100,000 people	1	4.7
Mortality caused by road traffic injury, per 100,000 people	5.7	27.1
Intentional homicides, per 100,000 people	4	4.3
International tourism, number of arrivals	6.8k	N/A

Government debt & reserves

Stat	Marshall Islands	Somalia
Central government debt, % of GDP	48.9%	N/A
External debt stocks, % of GNI	N/A	39.4%
External debt stocks	N/A	$2.9B
Short-term debt, % of total reserves	N/A	847.9%
Total debt service, % of exports and primary income	N/A	47.6%
Adjusted net savings including particulate emission damage, % of GNI	N/A	N/A
Gross savings, % of GDP	17.2%	N/A
Gross capital formation, % of GDP	23.4%	15.5%
Total reserves including gold	N/A	$23.1M
Foreign direct investment net inflows	$9.8M	$409M

Exports, imports and economic structure

Stat	Marshall Islands	Somalia
Exports of goods and services, % of GDP	40.4%	25.9%
Imports of goods and services, % of GDP	85.3%	99.6%
Current account balance (balance of payments)	$53M	N/A
Revenue excluding grants, % of GDP	32.2%	0%
Grants excluding technical cooperation, BoP	$50.6M	$1.5B
Personal remittances received	$31.5M	$21.7M
Industry including construction value added, % of GDP	12.8%	9.5%
Agriculture, forestry and fishing value added, % of GDP	15.2%	62.7%
Charges for the use of intellectual property, payments BoP	N/A	N/A
Charges for the use of intellectual property, receipts BoP	N/A	N/A
Expense, % of GDP	57.9%	0%
Government Expenditure, % of GDP	N/A	N/A