Monaco vs Somalia: Economic Indicators Comparison

Monaco with a GDP of $7.2B ranked the 149th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP per capita, Monaco and Somalia ranked 1st vs 196th, respectively.

Gross Domestic Product & Income

StatMonacoSomalia
GDP$7.2B$4.7B
GDP growth, 1 year6.1%3.1%
GDP growth, 5-years averageN/A2.9%
Population39k11M
GDP per capita$186k$315
GDP per capita growth5.3%-2.74%
Purchasing Power Parity conversion factorN/A11427.68
Price level ratio of PPP conversion factor GDP to market exchange rateN/AN/A
GDP per capita, PPP adjusted$98k$500
GNI, Atlas methodN/A$959.2M
GNI per capitaN/A$130
GNI, PPP adjustedN/AN/A
GNI per capita, PPP adjustedN/AN/A

Financial system and Human development

StatMonacoSomalia
Income Tax RateN/AN/A
Corporate Tax RateN/AN/A
Inflation, consumer pricesN/A1.5%
Inflation, GDP deflator0.8%215.5%
Unemployment6.3%14%
Economic Freedom Index8329
Personal Freedom Index8.73.6
Human Freedom Index8.73.4
Property Rights IndexN/A20.1
Judical Effectiveness IndexN/A26.5
Business Freedom IndexN/A31.6
Fiscal Health IndexN/AN/A
Labor Freedom IndexN/AN/A
Investment Freedom IndexN/AN/A
Financial Freedom IndexN/AN/A
Trade Freedom IndexN/AN/A
Monetary Freedom IndexN/AN/A
Government Spending IndexN/AN/A
Tax Burden IndexN/AN/A
Government Integrity IndexN/A13.1
Corruption Perceptions Index8210
Life expectancy at birth, years89.756.7
Suicide mortality rate, per 100,000 people0.24.7
Mortality caused by road traffic injury, per 100,000 people027.1
Intentional homicides, per 100,000 people04.3
International tourism, number of arrivals347kN/A

Government debt & reserves

StatMonacoSomalia
Central government debt, % of GDPN/AN/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 GDPN/AN/A
Gross capital formation, % of GDPN/A15.5%
Total reserves including goldN/A$23.1M
Foreign direct investment net inflowsN/A$409M

Exports, imports and economic structure

StatMonacoSomalia
Exports of goods and services, % of GDPN/A25.9%
Imports of goods and services, % of GDPN/A99.6%
Current account balance (balance of payments)N/AN/A
Revenue excluding grants, % of GDPN/A0%
Grants excluding technical cooperation, BoPN/A$1.5B
Personal remittances receivedN/A$21.7M
Industry including construction value added, % of GDP13.1%9.5%
Agriculture, forestry and fishing value added, % of GDPN/A62.7%
Charges for the use of intellectual property, payments BoPN/AN/A
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDPN/A0%
Government Expenditure, % of GDPN/AN/A

Compare with countries close by GDP per capita

Monaco vs

CountryGDP
per capita
Population
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k

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