Namibia vs Somalia: Economic Indicators Comparison

Namibia with a GDP of $14.5B ranked the 127th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Namibia and Somalia ranked 117th vs 97th and 102nd vs 196th, respectively.

Gross Domestic Product & Income

Stat	Namibia	Somalia
GDP	$14.5B	$4.7B
GDP growth, 1 year	-0.1%	3.1%
GDP growth, 5-years average	2.4%	2.9%
Population	2.5M	11M
GDP per capita	$5.9k	$315
GDP per capita growth	-2.4%	-2.74%
Purchasing Power Parity conversion factor	7.07	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.53	N/A
GDP per capita, PPP adjusted	$11k	$500
GNI, Atlas method	$12.8B	$959.2M
GNI per capita	$5.2k	$130
GNI, PPP adjusted	$26.6B	N/A
GNI per capita, PPP adjusted	$11k	N/A

Financial system and Human development

Stat	Namibia	Somalia
Income Tax Rate	37%	N/A
Corporate Tax Rate	34%	N/A
Inflation, consumer prices	4.3%	1.5%
Inflation, GDP deflator	7%	215.5%
Unemployment	23.1%	14%
Economic Freedom Index	60.9	29
Personal Freedom Index	7.15	3.6
Human Freedom Index	6.97	3.4
Property Rights Index	58.9	20.1
Judical Effectiveness Index	58.5	26.5
Business Freedom Index	65.6	31.6
Fiscal Health Index	28.7	N/A
Labor Freedom Index	84.9	N/A
Investment Freedom Index	65	N/A
Financial Freedom Index	40	N/A
Trade Freedom Index	83.2	N/A
Monetary Freedom Index	75.9	N/A
Government Spending Index	58.1	N/A
Tax Burden Index	65.7	N/A
Government Integrity Index	46	13.1
Corruption Perceptions Index	53	10
Life expectancy at birth, years	63	56.7
Suicide mortality rate, per 100,000 people	8.7	4.7
Mortality caused by road traffic injury, per 100,000 people	30.4	27.1
Intentional homicides, per 100,000 people	17.1	4.3
International tourism, number of arrivals	1.5M	N/A

Government debt & reserves

Stat	Namibia	Somalia
Central government debt, % of GDP	47.1%	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	4.5%	N/A
Gross savings, % of GDP	14%	N/A
Gross capital formation, % of GDP	12.6%	15.5%
Total reserves including gold	$2.1B	$23.1M
Foreign direct investment net inflows	$199.6M	$409M

Exports, imports and economic structure

Stat	Namibia	Somalia
Exports of goods and services, % of GDP	38.7%	25.9%
Imports of goods and services, % of GDP	44.9%	99.6%
Current account balance (balance of payments)	-$354.5M	N/A
Revenue excluding grants, % of GDP	31.6%	0%
Grants excluding technical cooperation, BoP	$127.9M	$1.5B
Personal remittances received	$53.7M	$21.7M
Industry including construction value added, % of GDP	29.3%	9.5%
Agriculture, forestry and fishing value added, % of GDP	7.2%	62.7%
Charges for the use of intellectual property, payments BoP	$1.3M	N/A
Charges for the use of intellectual property, receipts BoP	$1.4M	N/A
Expense, % of GDP	31.1%	0%
Government Expenditure, % of GDP	37.4%	N/A