Poland vs Somalia: Economic Indicators Comparison

Poland with a GDP of $585.7B ranked the 22nd largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Poland and Somalia ranked 53rd vs 97th and 62nd vs 196th, respectively.

Gross Domestic Product & Income

Stat	Poland	Somalia
GDP	$585.7B	$4.7B
GDP growth, 1 year	5.1%	3.1%
GDP growth, 5-years average	4%	2.9%
Population	38.4M	11M
GDP per capita	$15k	$315
GDP per capita growth	5.14%	-2.74%
Purchasing Power Parity conversion factor	1.78	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.49	N/A
GDP per capita, PPP adjusted	$32k	$500
GNI, Atlas method	$535.5B	$959.2M
GNI per capita	$14k	$130
GNI, PPP adjusted	$1.1T	N/A
GNI per capita, PPP adjusted	$30k	N/A

Financial system and Human development

Stat	Poland	Somalia
Income Tax Rate	32%	N/A
Corporate Tax Rate	19%	N/A
Inflation, consumer prices	1.6%	1.5%
Inflation, GDP deflator	1.2%	215.5%
Unemployment	3.7%	14%
Economic Freedom Index	69.1	29
Personal Freedom Index	8.95	3.6
Human Freedom Index	8.02	3.4
Property Rights Index	63.1	20.1
Judical Effectiveness Index	42.8	26.5
Business Freedom Index	62.6	31.6
Fiscal Health Index	92.2	N/A
Labor Freedom Index	62	N/A
Investment Freedom Index	80	N/A
Financial Freedom Index	70	N/A
Trade Freedom Index	86.4	N/A
Monetary Freedom Index	82	N/A
Government Spending Index	48.8	N/A
Tax Burden Index	74.7	N/A
Government Integrity Index	64.6	13.1
Corruption Perceptions Index	60	10
Life expectancy at birth, years	77.9	56.7
Suicide mortality rate, per 100,000 people	16.2	4.7
Mortality caused by road traffic injury, per 100,000 people	9.7	27.1
Intentional homicides, per 100,000 people	0.8	4.3
International tourism, number of arrivals	19.6M	N/A

Government debt & reserves

Stat	Poland	Somalia
Central government debt, % of GDP	48.4%	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	10.6%	N/A
Gross savings, % of GDP	19.6%	N/A
Gross capital formation, % of GDP	20.7%	15.5%
Total reserves including gold	$117B	$23.1M
Foreign direct investment net inflows	$16.7B	$409M

Exports, imports and economic structure

Stat	Poland	Somalia
Exports of goods and services, % of GDP	55.6%	25.9%
Imports of goods and services, % of GDP	52.2%	99.6%
Current account balance (balance of payments)	-$5.8B	N/A
Revenue excluding grants, % of GDP	33.6%	0%
Grants excluding technical cooperation, BoP	$1.4B	$1.5B
Personal remittances received	$7.1B	$21.7M
Industry including construction value added, % of GDP	28.6%	9.5%
Agriculture, forestry and fishing value added, % of GDP	2.1%	62.7%
Charges for the use of intellectual property, payments BoP	$3.6B	N/A
Charges for the use of intellectual property, receipts BoP	$614M	N/A
Expense, % of GDP	34.2%	0%
Government Expenditure, % of GDP	41.3%	N/A