Montenegro vs Somalia: Economic Indicators Comparison

Montenegro with a GDP of $5.5B ranked the 153rd largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Montenegro and Somalia ranked 67th vs 97th and 81st vs 196th, respectively.

Gross Domestic Product & Income

Stat	Montenegro	Somalia
GDP	$5.5B	$4.7B
GDP growth, 1 year	4.5%	3.1%
GDP growth, 5-years average	3.5%	2.9%
Population	622k	11M
GDP per capita	$8.8k	$315
GDP per capita growth	5.08%	-2.74%
Purchasing Power Parity conversion factor	0.36	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.43	N/A
GDP per capita, PPP adjusted	$19k	$500
GNI, Atlas method	$5.2B	$959.2M
GNI per capita	$8.4k	$130
GNI, PPP adjusted	$13B	N/A
GNI per capita, PPP adjusted	$21k	N/A

Financial system and Human development

Stat	Montenegro	Somalia
Income Tax Rate	9%	N/A
Corporate Tax Rate	9%	N/A
Inflation, consumer prices	2.6%	1.5%
Inflation, GDP deflator	3.2%	215.5%
Unemployment	15.5%	14%
Economic Freedom Index	61.5	29
Personal Freedom Index	8.12	3.6
Human Freedom Index	7.67	3.4
Property Rights Index	59.1	20.1
Judical Effectiveness Index	55.3	26.5
Business Freedom Index	70.8	31.6
Fiscal Health Index	23.4	N/A
Labor Freedom Index	74.8	N/A
Investment Freedom Index	75	N/A
Financial Freedom Index	50	N/A
Trade Freedom Index	83.8	N/A
Monetary Freedom Index	80.3	N/A
Government Spending Index	32.1	N/A
Tax Burden Index	85.4	N/A
Government Integrity Index	47.5	13.1
Corruption Perceptions Index	45	10
Life expectancy at birth, years	76.7	56.7
Suicide mortality rate, per 100,000 people	10.3	4.7
Mortality caused by road traffic injury, per 100,000 people	10.7	27.1
Intentional homicides, per 100,000 people	2.4	4.3
International tourism, number of arrivals	2.1M	N/A

Government debt & reserves

Stat	Montenegro	Somalia
Central government debt, % of GDP	72.1%	N/A
External debt stocks, % of GNI	144.1%	39.4%
External debt stocks	$8B	$2.9B
Short-term debt, % of total reserves	17.2%	847.9%
Total debt service, % of exports and primary income	63.7%	47.6%
Adjusted net savings including particulate emission damage, % of GNI	N/A	N/A
Gross savings, % of GDP	14.9%	N/A
Gross capital formation, % of GDP	31.9%	15.5%
Total reserves including gold	$1.2B	$23.1M
Foreign direct investment net inflows	$485.7M	$409M

Exports, imports and economic structure

Stat	Montenegro	Somalia
Exports of goods and services, % of GDP	42.9%	25.9%
Imports of goods and services, % of GDP	66.7%	99.6%
Current account balance (balance of payments)	-$943M	N/A
Revenue excluding grants, % of GDP	N/A	0%
Grants excluding technical cooperation, BoP	$57.7M	$1.5B
Personal remittances received	$588.9M	$21.7M
Industry including construction value added, % of GDP	15.9%	9.5%
Agriculture, forestry and fishing value added, % of GDP	6.7%	62.7%
Charges for the use of intellectual property, payments BoP	$6M	N/A
Charges for the use of intellectual property, receipts BoP	$432k	N/A
Expense, % of GDP	N/A	0%
Government Expenditure, % of GDP	47.6%	N/A