Palau vs Somalia: Economic Indicators Comparison

Somalia with a GDP of $4.7B ranked the 159th largest economy in the world, while Palau ranked 192nd with $284M. By GDP per capita, Somalia and Palau ranked 196th vs 60th, respectively.

Gross Domestic Product & Income

StatPalauSomalia
GDP$284M$4.7B
GDP growth, 1 year1.71%3.1%
GDP growth, 5-years averageN/A2.9%
Population22k11M
GDP per capita$16k$315
GDP per capita growth1.14%-2.74%
Purchasing Power Parity conversion factor0.8611427.68
Price level ratio of PPP conversion factor GDP to market exchange rate0.86N/A
GDP per capita, PPP adjusted$19k$500
GNI, Atlas method$309.4M$959.2M
GNI per capita$17k$130
GNI, PPP adjusted$349.4MN/A
GNI per capita, PPP adjusted$20kN/A

Financial system and Human development

StatPalauSomalia
Income Tax RateN/AN/A
Corporate Tax RateN/AN/A
Inflation, consumer prices1.3%1.5%
Inflation, GDP deflator-2.5%215.5%
Unemployment1.4%14%
Economic Freedom Index6229
Personal Freedom Index6.43.6
Human Freedom Index6.43.4
Property Rights IndexN/A20.1
Judical Effectiveness IndexN/A26.5
Business Freedom IndexN/A31.6
Fiscal Health IndexN/AN/A
Labor Freedom IndexN/AN/A
Investment Freedom IndexN/AN/A
Financial Freedom IndexN/AN/A
Trade Freedom IndexN/AN/A
Monetary Freedom IndexN/AN/A
Government Spending IndexN/AN/A
Tax Burden IndexN/AN/A
Government Integrity IndexN/A13.1
Corruption Perceptions Index4910
Life expectancy at birth, years69.156.7
Suicide mortality rate, per 100,000 people21.74.7
Mortality caused by road traffic injury, per 100,000 people4.827.1
Intentional homicides, per 100,000 people3.14.3
International tourism, number of arrivals106kN/A

Government debt & reserves

StatPalauSomalia
Central government debt, % of GDP67.5%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 GNIN/AN/A
Gross savings, % of GDP10.7%N/A
Gross capital formation, % of GDP26.7%15.5%
Total reserves including goldN/A$23.1M
Foreign direct investment net inflows$21.5M$409M

Exports, imports and economic structure

StatPalauSomalia
Exports of goods and services, % of GDP47%25.9%
Imports of goods and services, % of GDP76.3%99.6%
Current account balance (balance of payments)-$51.8MN/A
Revenue excluding grants, % of GDP27.3%0%
Grants excluding technical cooperation, BoP$81.2M$1.5B
Personal remittances received$2.2M$21.7M
Industry including construction value added, % of GDP8%9.5%
Agriculture, forestry and fishing value added, % of GDP3.2%62.7%
Charges for the use of intellectual property, payments BoPN/AN/A
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDP41.4%0%
Government Expenditure, % of GDPN/AN/A

Compare with countries close by GDP per capita

Palau vs

CountryGDP
per capita
Population
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M

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