The Palestine vs Somalia: Economic Indicators Comparison

The Palestine with a GDP of $14.6B ranked the 125th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP per capita, the Palestine and Somalia ranked 132nd vs 196th, respectively.

Gross Domestic Product & Income

Stat	Palestine	Somalia
GDP	$14.6B	$4.7B
GDP growth, 1 year	0.91%	3.1%
GDP growth, 5-years average	N/A	2.9%
Population	4.7M	11M
GDP per capita	$3.2k	$315
GDP per capita growth	-1.62%	-2.74%
Purchasing Power Parity conversion factor	2.23	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.62	N/A
GDP per capita, PPP adjusted	$5.2k	$500
GNI, Atlas method	$17B	$959.2M
GNI per capita	$3.7k	$130
GNI, PPP adjusted	$27.4B	N/A
GNI per capita, PPP adjusted	$6k	N/A

Financial system and Human development

Stat	Palestine	Somalia
Income Tax Rate	N/A	N/A
Corporate Tax Rate	N/A	N/A
Inflation, consumer prices	-0.2%	1.5%
Inflation, GDP deflator	-0.1%	215.5%
Unemployment	26.3%	14%
Economic Freedom Index	30	29
Personal Freedom Index	4.1	3.6
Human Freedom Index	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	18	10
Life expectancy at birth, years	73.7	56.7
Suicide mortality rate, per 100,000 people	4.3	4.7
Mortality caused by road traffic injury, per 100,000 people	19.5	27.1
Intentional homicides, per 100,000 people	0.7	4.3
International tourism, number of arrivals	606k	N/A

Government debt & reserves

Stat	Palestine	Somalia
Central government debt, % of GDP	N/A	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	12.6%	N/A
Gross capital formation, % of GDP	24.2%	15.5%
Total reserves including gold	$537.8M	$23.1M
Foreign direct investment net inflows	$262.5M	$409M

Exports, imports and economic structure

Stat	Palestine	Somalia
Exports of goods and services, % of GDP	19.9%	25.9%
Imports of goods and services, % of GDP	59.7%	99.6%
Current account balance (balance of payments)	-$1.7B	N/A
Revenue excluding grants, % of GDP	6.9%	0%
Grants excluding technical cooperation, BoP	$2.1B	$1.5B
Personal remittances received	$2.5B	$21.7M
Industry including construction value added, % of GDP	19.6%	9.5%
Agriculture, forestry and fishing value added, % of GDP	3.2%	62.7%
Charges for the use of intellectual property, payments BoP	$1.4M	N/A
Charges for the use of intellectual property, receipts BoP	$1.6k	N/A
Expense, % of GDP	8.3%	0%
Government Expenditure, % of GDP	N/A	N/A