North Korea vs Somalia: Economic Indicators Comparison

North Korea with a GDP of $43.3B ranked the 89th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, North Korea and Somalia ranked 172nd vs 97th and 154th vs 196th, respectively.

Gross Domestic Product & Income

StatNorth KoreaSomalia
GDP$43.3B$4.7B
GDP growth, 1 year-4.1%3.1%
GDP growth, 5-years average-0.8%2.9%
Population25.5M11M
GDP per capita$1.7k$315
GDP per capita growthN/A-2.74%
Purchasing Power Parity conversion factorN/A11427.68
Price level ratio of PPP conversion factor GDP to market exchange rateN/AN/A
GDP per capita, PPP adjusted$1.7k$500
GNI, Atlas methodN/A$959.2M
GNI per capitaN/A$130
GNI, PPP adjustedN/AN/A
GNI per capita, PPP adjustedN/AN/A

Financial system and Human development

StatNorth KoreaSomalia
Income Tax RateN/AN/A
Corporate Tax RateN/AN/A
Inflation, consumer pricesN/A1.5%
Inflation, GDP deflatorN/A215.5%
Unemployment3.3%14%
Economic Freedom Index4.229
Personal Freedom Index1.43.6
Human Freedom Index1.43.4
Property Rights Index20.120.1
Judical Effectiveness Index526.5
Business Freedom Index531.6
Fiscal Health Index0N/A
Labor Freedom Index5N/A
Investment Freedom Index0N/A
Financial Freedom Index0N/A
Trade Freedom Index0N/A
Monetary Freedom Index0N/A
Government Spending Index0N/A
Tax Burden Index0N/A
Government Integrity Index15.113.1
Corruption Perceptions Index1410
Life expectancy at birth, years71.956.7
Suicide mortality rate, per 100,000 people11.24.7
Mortality caused by road traffic injury, per 100,000 people20.827.1
Intentional homicides, per 100,000 people4.44.3
International tourism, number of arrivalsN/AN/A

Government debt & reserves

StatNorth KoreaSomalia
Central government debt, % of GDPN/AN/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 GNIN/AN/A
Gross savings, % of GDPN/AN/A
Gross capital formation, % of GDPN/A15.5%
Total reserves including goldN/A$23.1M
Foreign direct investment net inflows$52M$409M

Exports, imports and economic structure

StatNorth KoreaSomalia
Exports of goods and services, % of GDPN/A25.9%
Imports of goods and services, % of GDPN/A99.6%
Current account balance (balance of payments)N/AN/A
Revenue excluding grants, % of GDPN/A0%
Grants excluding technical cooperation, BoP$118.5M$1.5B
Personal remittances receivedN/A$21.7M
Industry including construction value added, % of GDPN/A9.5%
Agriculture, forestry and fishing value added, % of GDPN/A62.7%
Charges for the use of intellectual property, payments BoPN/AN/A
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDPN/A0%
Government Expenditure, % of GDPN/AN/A

Compare with countries close by GDP per capita

North Korea vs

CountryGDP
per capita
Population
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M

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