Niger vs Somalia: Economic Indicators Comparison

Niger with a GDP of $9.3B ranked the 146th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Niger and Somalia ranked 26th vs 97th and 194th vs 196th, respectively.

Gross Domestic Product & Income

Stat	Niger	Somalia
GDP	$9.3B	$4.7B
GDP growth, 1 year	5.2%	3.1%
GDP growth, 5-years average	5.4%	2.9%
Population	21.5M	11M
GDP per capita	$414	$315
GDP per capita growth	2.5%	-2.74%
Purchasing Power Parity conversion factor	216.34	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.39	N/A
GDP per capita, PPP adjusted	$1.2k	$500
GNI, Atlas method	$8.7B	$959.2M
GNI per capita	$390	$130
GNI, PPP adjusted	$23.3B	N/A
GNI per capita, PPP adjusted	$1k	N/A

Financial system and Human development

Stat	Niger	Somalia
Income Tax Rate	35%	N/A
Corporate Tax Rate	30%	N/A
Inflation, consumer prices	3%	1.5%
Inflation, GDP deflator	2.6%	215.5%
Unemployment	0.3%	14%
Economic Freedom Index	54.7	29
Personal Freedom Index	6.67	3.6
Human Freedom Index	6	3.4
Property Rights Index	45.6	20.1
Judical Effectiveness Index	42.6	26.5
Business Freedom Index	55.4	31.6
Fiscal Health Index	44.7	N/A
Labor Freedom Index	47.9	N/A
Investment Freedom Index	55	N/A
Financial Freedom Index	40	N/A
Trade Freedom Index	61.2	N/A
Monetary Freedom Index	74.8	N/A
Government Spending Index	79	N/A
Tax Burden Index	76.7	N/A
Government Integrity Index	33.4	13.1
Corruption Perceptions Index	34	10
Life expectancy at birth, years	61.6	56.7
Suicide mortality rate, per 100,000 people	4.6	4.7
Mortality caused by road traffic injury, per 100,000 people	26.2	27.1
Intentional homicides, per 100,000 people	4.4	4.3
International tourism, number of arrivals	157k	N/A

Government debt & reserves

Stat	Niger	Somalia
Central government debt, % of GDP	55.1%	N/A
External debt stocks, % of GNI	36.1%	39.4%
External debt stocks	$3.3B	$2.9B
Short-term debt, % of total reserves	N/A	847.9%
Total debt service, % of exports and primary income	8.5%	47.6%
Adjusted net savings including particulate emission damage, % of GNI	5%	N/A
Gross savings, % of GDP	20.2%	N/A
Gross capital formation, % of GDP	37.1%	15.5%
Total reserves including gold	N/A	$23.1M
Foreign direct investment net inflows	$2B	$409M

Exports, imports and economic structure

Stat	Niger	Somalia
Exports of goods and services, % of GDP	15.7%	25.9%
Imports of goods and services, % of GDP	33%	99.6%
Current account balance (balance of payments)	-$1.3B	N/A
Revenue excluding grants, % of GDP	14.6%	0%
Grants excluding technical cooperation, BoP	$881.8M	$1.5B
Personal remittances received	$296.7M	$21.7M
Industry including construction value added, % of GDP	15.5%	9.5%
Agriculture, forestry and fishing value added, % of GDP	39.2%	62.7%
Charges for the use of intellectual property, payments BoP	$2M	N/A
Charges for the use of intellectual property, receipts BoP	$6.2k	N/A
Expense, % of GDP	10.2%	0%
Government Expenditure, % of GDP	26.5%	N/A