Qatar vs Somalia: Economic Indicators Comparison

Qatar with a GDP of $191.4B ranked the 54th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Qatar and Somalia ranked 108th vs 97th and 9th vs 196th, respectively.

Gross Domestic Product & Income

Stat	Qatar	Somalia
GDP	$191.4B	$4.7B
GDP growth, 1 year	2.2%	3.1%
GDP growth, 5-years average	2.7%	2.9%
Population	2.6M	11M
GDP per capita	$69k	$315
GDP per capita growth	-0.58%	-2.74%
Purchasing Power Parity conversion factor	1.97	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.54	N/A
GDP per capita, PPP adjusted	$130k	$500
GNI, Atlas method	$170.1B	$959.2M
GNI per capita	$61k	$130
GNI, PPP adjusted	$346.1B	N/A
GNI per capita, PPP adjusted	$124k	N/A

Financial system and Human development

Stat	Qatar	Somalia
Income Tax Rate	0%	N/A
Corporate Tax Rate	0%	N/A
Inflation, consumer prices	0.2%	1.5%
Inflation, GDP deflator	13%	215.5%
Unemployment	0.1%	14%
Economic Freedom Index	72.3	29
Personal Freedom Index	5.22	3.6
Human Freedom Index	6.22	3.4
Property Rights Index	66.9	20.1
Judical Effectiveness Index	58.7	26.5
Business Freedom Index	71.1	31.6
Fiscal Health Index	93.7	N/A
Labor Freedom Index	65.9	N/A
Investment Freedom Index	60	N/A
Financial Freedom Index	60	N/A
Trade Freedom Index	81.6	N/A
Monetary Freedom Index	80.6	N/A
Government Spending Index	64.6	N/A
Tax Burden Index	99.8	N/A
Government Integrity Index	64.6	13.1
Corruption Perceptions Index	62	10
Life expectancy at birth, years	80	56.7
Suicide mortality rate, per 100,000 people	6.6	4.7
Mortality caused by road traffic injury, per 100,000 people	9.3	27.1
Intentional homicides, per 100,000 people	0.4	4.3
International tourism, number of arrivals	1.8M	N/A

Government debt & reserves

Stat	Qatar	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	26.8%	N/A
Gross savings, % of GDP	51.6%	N/A
Gross capital formation, % of GDP	42.9%	15.5%
Total reserves including gold	$30.4B	$23.1M
Foreign direct investment net inflows	-$2.2B	$409M

Exports, imports and economic structure

Stat	Qatar	Somalia
Exports of goods and services, % of GDP	53.6%	25.9%
Imports of goods and services, % of GDP	34.4%	99.6%
Current account balance (balance of payments)	$16.7B	N/A
Revenue excluding grants, % of GDP	N/A	0%
Grants excluding technical cooperation, BoP	$2.2M	$1.5B
Personal remittances received	$467M	$21.7M
Industry including construction value added, % of GDP	61.1%	9.5%
Agriculture, forestry and fishing value added, % of GDP	0.2%	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	N/A	0%
Government Expenditure, % of GDP	34.3%	N/A