Mongolia vs Somalia: Economic Indicators Comparison

Mongolia with a GDP of $13.1B ranked the 134th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Mongolia and Somalia ranked 39th vs 97th and 118th vs 196th, respectively.

Gross Domestic Product & Income

Stat	Mongolia	Somalia
GDP	$13.1B	$4.7B
GDP growth, 1 year	6.9%	3.1%
GDP growth, 5-years average	4.7%	2.9%
Population	3.1M	11M
GDP per capita	$4.1k	$315
GDP per capita growth	5.32%	-2.74%
Purchasing Power Parity conversion factor	738.48	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.3	N/A
GDP per capita, PPP adjusted	$13k	$500
GNI, Atlas method	$11.6B	$959.2M
GNI per capita	$3.7k	$130
GNI, PPP adjusted	$39.6B	N/A
GNI per capita, PPP adjusted	$13k	N/A

Financial system and Human development

Stat	Mongolia	Somalia
Income Tax Rate	10%	N/A
Corporate Tax Rate	25%	N/A
Inflation, consumer prices	7.7%	1.5%
Inflation, GDP deflator	8.1%	215.5%
Unemployment	6.3%	14%
Economic Freedom Index	55.9	29
Personal Freedom Index	7.63	3.6
Human Freedom Index	7.17	3.4
Property Rights Index	50.3	20.1
Judical Effectiveness Index	23	26.5
Business Freedom Index	63.6	31.6
Fiscal Health Index	9.3	N/A
Labor Freedom Index	75.7	N/A
Investment Freedom Index	50	N/A
Financial Freedom Index	60	N/A
Trade Freedom Index	74	N/A
Monetary Freedom Index	74.2	N/A
Government Spending Index	66.6	N/A
Tax Burden Index	87.4	N/A
Government Integrity Index	36.9	13.1
Corruption Perceptions Index	37	10
Life expectancy at birth, years	69.5	56.7
Suicide mortality rate, per 100,000 people	13	4.7
Mortality caused by road traffic injury, per 100,000 people	16.5	27.1
Intentional homicides, per 100,000 people	6.2	4.3
International tourism, number of arrivals	529k	N/A

Government debt & reserves

Stat	Mongolia	Somalia
Central government debt, % of GDP	73.3%	N/A
External debt stocks, % of GNI	253.9%	39.4%
External debt stocks	$29.4B	$2.9B
Short-term debt, % of total reserves	87.3%	847.9%
Total debt service, % of exports and primary income	101.6%	47.6%
Adjusted net savings including particulate emission damage, % of GNI	-10.3%	N/A
Gross savings, % of GDP	30.3%	N/A
Gross capital formation, % of GDP	43.1%	15.5%
Total reserves including gold	$3.5B	$23.1M
Foreign direct investment net inflows	$2B	$409M

Exports, imports and economic structure

Stat	Mongolia	Somalia
Exports of goods and services, % of GDP	58.7%	25.9%
Imports of goods and services, % of GDP	64.2%	99.6%
Current account balance (balance of payments)	-$1.9B	N/A
Revenue excluding grants, % of GDP	24.9%	0%
Grants excluding technical cooperation, BoP	$115.6M	$1.5B
Personal remittances received	$440.6M	$21.7M
Industry including construction value added, % of GDP	38.7%	9.5%
Agriculture, forestry and fishing value added, % of GDP	10.8%	62.7%
Charges for the use of intellectual property, payments BoP	$16.1M	N/A
Charges for the use of intellectual property, receipts BoP	$1.4M	N/A
Expense, % of GDP	23.8%	0%
Government Expenditure, % of GDP	33.4%	N/A