New Zealand vs Somalia: Economic Indicators Comparison

New Zealand with a GDP of $204.9B ranked the 53rd largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, New Zealand and Somalia ranked 72nd vs 97th and 25th vs 196th, respectively.

Gross Domestic Product & Income

StatNew ZealandSomalia
GDP$204.9B$4.7B
GDP growth, 1 year3%3.1%
GDP growth, 5-years average3.4%2.9%
Population4.9M11M
GDP per capita$42k$315
GDP per capita growth0.85%-2.74%
Purchasing Power Parity conversion factor1.4811427.68
Price level ratio of PPP conversion factor GDP to market exchange rate1.02N/A
GDP per capita, PPP adjusted$40k$500
GNI, Atlas method$198.6B$959.2M
GNI per capita$41k$130
GNI, PPP adjusted$192.5BN/A
GNI per capita, PPP adjusted$39kN/A

Financial system and Human development

StatNew ZealandSomalia
Income Tax Rate33%N/A
Corporate Tax Rate28%N/A
Inflation, consumer prices1.6%1.5%
Inflation, GDP deflator1.1%215.5%
Unemployment4.5%14%
Economic Freedom Index84.129
Personal Freedom Index9.423.6
Human Freedom Index8.943.4
Property Rights Index93.320.1
Judical Effectiveness Index79.126.5
Business Freedom Index90.431.6
Fiscal Health Index98.3N/A
Labor Freedom Index86.7N/A
Investment Freedom Index80N/A
Financial Freedom Index80N/A
Trade Freedom Index92.2N/A
Monetary Freedom Index87N/A
Government Spending Index57.8N/A
Tax Burden Index71N/A
Government Integrity Index93.913.1
Corruption Perceptions Index8710
Life expectancy at birth, years81.756.7
Suicide mortality rate, per 100,000 people12.14.7
Mortality caused by road traffic injury, per 100,000 people7.827.1
Intentional homicides, per 100,000 people0.74.3
International tourism, number of arrivals3.7MN/A

Government debt & reserves

StatNew ZealandSomalia
Central government debt, % of GDP29.4%N/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 GNI13.9%N/A
Gross savings, % of GDP19.6%N/A
Gross capital formation, % of GDP23.9%15.5%
Total reserves including gold$17.7B$23.1M
Foreign direct investment net inflows$2.1B$409M

Exports, imports and economic structure

StatNew ZealandSomalia
Exports of goods and services, % of GDP28.1%25.9%
Imports of goods and services, % of GDP28.3%99.6%
Current account balance (balance of payments)-$7.7BN/A
Revenue excluding grants, % of GDP33%0%
Grants excluding technical cooperation, BoPN/A$1.5B
Personal remittances received$452.5M$21.7M
Industry including construction value added, % of GDP19.2%9.5%
Agriculture, forestry and fishing value added, % of GDP6.6%62.7%
Charges for the use of intellectual property, payments BoP$912.8MN/A
Charges for the use of intellectual property, receipts BoP$540.5MN/A
Expense, % of GDP30.7%0%
Government Expenditure, % of GDP37.5%N/A

Compare with countries close by GDP per capita

New Zealand vs

CountryGDP
per capita
Population
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
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M

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