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

Stat	Palau	Somalia
GDP	$284M	$4.7B
GDP growth, 1 year	1.71%	3.1%
GDP growth, 5-years average	N/A	2.9%
Population	22k	11M
GDP per capita	$16k	$315
GDP per capita growth	1.14%	-2.74%
Purchasing Power Parity conversion factor	0.86	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.86	N/A
GDP per capita, PPP adjusted	$19k	$500
GNI, Atlas method	$309.4M	$959.2M
GNI per capita	$17k	$130
GNI, PPP adjusted	$349.4M	N/A
GNI per capita, PPP adjusted	$20k	N/A

Financial system and Human development

Stat	Palau	Somalia
Income Tax Rate	N/A	N/A
Corporate Tax Rate	N/A	N/A
Inflation, consumer prices	1.3%	1.5%
Inflation, GDP deflator	-2.5%	215.5%
Unemployment	1.4%	14%
Economic Freedom Index	62	29
Personal Freedom Index	6.4	3.6
Human Freedom Index	6.4	3.4
Property Rights Index	N/A	20.1
Judical Effectiveness Index	N/A	26.5
Business Freedom Index	N/A	31.6
Fiscal Health Index	N/A	N/A
Labor Freedom Index	N/A	N/A
Investment Freedom Index	N/A	N/A
Financial Freedom Index	N/A	N/A
Trade Freedom Index	N/A	N/A
Monetary Freedom Index	N/A	N/A
Government Spending Index	N/A	N/A
Tax Burden Index	N/A	N/A
Government Integrity Index	N/A	13.1
Corruption Perceptions Index	49	10
Life expectancy at birth, years	69.1	56.7
Suicide mortality rate, per 100,000 people	21.7	4.7
Mortality caused by road traffic injury, per 100,000 people	4.8	27.1
Intentional homicides, per 100,000 people	3.1	4.3
International tourism, number of arrivals	106k	N/A

Government debt & reserves

Stat	Palau	Somalia
Central government debt, % of GDP	67.5%	N/A
External debt stocks, % of GNI	N/A	39.4%
External debt stocks	N/A	$2.9B
Short-term debt, % of total reserves	N/A	847.9%
Total debt service, % of exports and primary income	N/A	47.6%
Adjusted net savings including particulate emission damage, % of GNI	N/A	N/A
Gross savings, % of GDP	10.7%	N/A
Gross capital formation, % of GDP	26.7%	15.5%
Total reserves including gold	N/A	$23.1M
Foreign direct investment net inflows	$21.5M	$409M

Exports, imports and economic structure

Stat	Palau	Somalia
Exports of goods and services, % of GDP	47%	25.9%
Imports of goods and services, % of GDP	76.3%	99.6%
Current account balance (balance of payments)	-$51.8M	N/A
Revenue excluding grants, % of GDP	27.3%	0%
Grants excluding technical cooperation, BoP	$81.2M	$1.5B
Personal remittances received	$2.2M	$21.7M
Industry including construction value added, % of GDP	8%	9.5%
Agriculture, forestry and fishing value added, % of GDP	3.2%	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	41.4%	0%
Government Expenditure, % of GDP	N/A	N/A