Nepal vs Somalia: Economic Indicators Comparison

Nepal with a GDP of $29B ranked the 103rd largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Nepal and Somalia ranked 37th vs 97th and 170th vs 196th, respectively.

Gross Domestic Product & Income

Stat	Nepal	Somalia
GDP	$29B	$4.7B
GDP growth, 1 year	6.3%	3.1%
GDP growth, 5-years average	4.8%	2.9%
Population	29.4M	11M
GDP per capita	$1k	$315
GDP per capita growth	4.91%	-2.74%
Purchasing Power Parity conversion factor	34.93	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.33	N/A
GDP per capita, PPP adjusted	$2.9k	$500
GNI, Atlas method	$27.2B	$959.2M
GNI per capita	$970	$130
GNI, PPP adjusted	$87.4B	N/A
GNI per capita, PPP adjusted	$3.1k	N/A

Financial system and Human development

Stat	Nepal	Somalia
Income Tax Rate	25%	N/A
Corporate Tax Rate	25%	N/A
Inflation, consumer prices	4.2%	1.5%
Inflation, GDP deflator	6.3%	215.5%
Unemployment	1.3%	14%
Economic Freedom Index	54.2	29
Personal Freedom Index	7.75	3.6
Human Freedom Index	6.83	3.4
Property Rights Index	40.7	20.1
Judical Effectiveness Index	32	26.5
Business Freedom Index	61.6	31.6
Fiscal Health Index	98.1	N/A
Labor Freedom Index	53.7	N/A
Investment Freedom Index	10	N/A
Financial Freedom Index	30	N/A
Trade Freedom Index	60.4	N/A
Monetary Freedom Index	71.2	N/A
Government Spending Index	77.9	N/A
Tax Burden Index	83.4	N/A
Government Integrity Index	31.5	13.1
Corruption Perceptions Index	31	10
Life expectancy at birth, years	70.2	56.7
Suicide mortality rate, per 100,000 people	8.8	4.7
Mortality caused by road traffic injury, per 100,000 people	15.9	27.1
Intentional homicides, per 100,000 people	2.2	4.3
International tourism, number of arrivals	1.2M	N/A

Government debt & reserves

Stat	Nepal	Somalia
Central government debt, % of GDP	30.4%	N/A
External debt stocks, % of GNI	18.9%	39.4%
External debt stocks	$5.5B	$2.9B
Short-term debt, % of total reserves	3%	847.9%
Total debt service, % of exports and primary income	8.5%	47.6%
Adjusted net savings including particulate emission damage, % of GNI	38.1%	N/A
Gross savings, % of GDP	49.5%	N/A
Gross capital formation, % of GDP	55.2%	15.5%
Total reserves including gold	$8.3B	$23.1M
Foreign direct investment net inflows	$68.2M	$409M

Exports, imports and economic structure

Stat	Nepal	Somalia
Exports of goods and services, % of GDP	8.9%	25.9%
Imports of goods and services, % of GDP	46.3%	99.6%
Current account balance (balance of payments)	-$2.8B	N/A
Revenue excluding grants, % of GDP	22.9%	0%
Grants excluding technical cooperation, BoP	$629.7M	$1.5B
Personal remittances received	$8.3B	$21.7M
Industry including construction value added, % of GDP	13.5%	9.5%
Agriculture, forestry and fishing value added, % of GDP	25.3%	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	19.4%	0%
Government Expenditure, % of GDP	27.2%	N/A