The Philippines vs Somalia: Economic Indicators Comparison

The Philippines with a GDP of $330.9B ranked the 40th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, the Philippines and Somalia ranked 21st vs 97th and 134th vs 196th, respectively.

Gross Domestic Product & Income

Stat	Philippines	Somalia
GDP	$330.9B	$4.7B
GDP growth, 1 year	6.2%	3.1%
GDP growth, 5-years average	6.4%	2.9%
Population	104.9M	11M
GDP per capita	$3.1k	$315
GDP per capita growth	4.77%	-2.74%
Purchasing Power Parity conversion factor	18.25	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.35	N/A
GDP per capita, PPP adjusted	$8.9k	$500
GNI, Atlas method	$408.8B	$959.2M
GNI per capita	$3.8k	$130
GNI, PPP adjusted	$1.1T	N/A
GNI per capita, PPP adjusted	$11k	N/A

Financial system and Human development

Stat	Philippines	Somalia
Income Tax Rate	35%	N/A
Corporate Tax Rate	30%	N/A
Inflation, consumer prices	5.2%	1.5%
Inflation, GDP deflator	3.8%	215.5%
Unemployment	2.5%	14%
Economic Freedom Index	64.5	29
Personal Freedom Index	7.06	3.6
Human Freedom Index	6.92	3.4
Property Rights Index	54.6	20.1
Judical Effectiveness Index	34.2	26.5
Business Freedom Index	59.5	31.6
Fiscal Health Index	96.3	N/A
Labor Freedom Index	57.4	N/A
Investment Freedom Index	60	N/A
Financial Freedom Index	60	N/A
Trade Freedom Index	81.6	N/A
Monetary Freedom Index	66.9	N/A
Government Spending Index	87.9	N/A
Tax Burden Index	76.7	N/A
Government Integrity Index	38.7	13.1
Corruption Perceptions Index	36	10
Life expectancy at birth, years	71	56.7
Suicide mortality rate, per 100,000 people	3.2	4.7
Mortality caused by road traffic injury, per 100,000 people	12.3	27.1
Intentional homicides, per 100,000 people	8.4	4.3
International tourism, number of arrivals	7.2M	N/A

Government debt & reserves

Stat	Philippines	Somalia
Central government debt, % of GDP	39.6%	N/A
External debt stocks, % of GNI	19.9%	39.4%
External debt stocks	$78.8B	$2.9B
Short-term debt, % of total reserves	20.3%	847.9%
Total debt service, % of exports and primary income	8.7%	47.6%
Adjusted net savings including particulate emission damage, % of GNI	28.5%	N/A
Gross savings, % of GDP	42.4%	N/A
Gross capital formation, % of GDP	26.9%	15.5%
Total reserves including gold	$79.2B	$23.1M
Foreign direct investment net inflows	$9.8B	$409M

Exports, imports and economic structure

Stat	Philippines	Somalia
Exports of goods and services, % of GDP	31.7%	25.9%
Imports of goods and services, % of GDP	44.4%	99.6%
Current account balance (balance of payments)	-$8.7B	N/A
Revenue excluding grants, % of GDP	16.3%	0%
Grants excluding technical cooperation, BoP	$436.5M	$1.5B
Personal remittances received	$33.8B	$21.7M
Industry including construction value added, % of GDP	30.7%	9.5%
Agriculture, forestry and fishing value added, % of GDP	9.3%	62.7%
Charges for the use of intellectual property, payments BoP	$917M	N/A
Charges for the use of intellectual property, receipts BoP	$44.1M	N/A
Expense, % of GDP	14.9%	0%
Government Expenditure, % of GDP	20.1%	N/A