Russia vs Somalia: Economic Indicators Comparison

Russia with a GDP of $1.7T ranked the 11th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Russia and Somalia ranked 162nd vs 97th and 68th vs 196th, respectively.

Gross Domestic Product & Income

Stat	Russia	Somalia
GDP	$1.7T	$4.7B
GDP growth, 1 year	2.3%	3.1%
GDP growth, 5-years average	0.5%	2.9%
Population	146.8M	11M
GDP per capita	$11k	$315
GDP per capita growth	2.26%	-2.74%
Purchasing Power Parity conversion factor	25.64	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.41	N/A
GDP per capita, PPP adjusted	$29k	$500
GNI, Atlas method	$1.5T	$959.2M
GNI per capita	$10k	$130
GNI, PPP adjusted	$3.9T	N/A
GNI per capita, PPP adjusted	$26k	N/A

Financial system and Human development

Stat	Russia	Somalia
Income Tax Rate	13%	N/A
Corporate Tax Rate	20%	N/A
Inflation, consumer prices	2.9%	1.5%
Inflation, GDP deflator	10.3%	215.5%
Unemployment	4.7%	14%
Economic Freedom Index	61	29
Personal Freedom Index	6.56	3.6
Human Freedom Index	6.49	3.4
Property Rights Index	56.8	20.1
Judical Effectiveness Index	44.4	26.5
Business Freedom Index	80.2	31.6
Fiscal Health Index	98.7	N/A
Labor Freedom Index	52.1	N/A
Investment Freedom Index	30	N/A
Financial Freedom Index	30	N/A
Trade Freedom Index	77.8	N/A
Monetary Freedom Index	68.2	N/A
Government Spending Index	63.8	N/A
Tax Burden Index	88.5	N/A
Government Integrity Index	41.3	13.1
Corruption Perceptions Index	28	10
Life expectancy at birth, years	72.1	56.7
Suicide mortality rate, per 100,000 people	31	4.7
Mortality caused by road traffic injury, per 100,000 people	18	27.1
Intentional homicides, per 100,000 people	9.2	4.3
International tourism, number of arrivals	24.6M	N/A

Government debt & reserves

Stat	Russia	Somalia
Central government debt, % of GDP	14%	N/A
External debt stocks, % of GNI	28.1%	39.4%
External debt stocks	$453.9B	$2.9B
Short-term debt, % of total reserves	10.3%	847.9%
Total debt service, % of exports and primary income	19.6%	47.6%
Adjusted net savings including particulate emission damage, % of GNI	8%	N/A
Gross savings, % of GDP	30.2%	N/A
Gross capital formation, % of GDP	22.7%	15.5%
Total reserves including gold	$468.6B	$23.1M
Foreign direct investment net inflows	$8.8B	$409M

Exports, imports and economic structure

Stat	Russia	Somalia
Exports of goods and services, % of GDP	30.7%	25.9%
Imports of goods and services, % of GDP	20.8%	99.6%
Current account balance (balance of payments)	$113.5B	N/A
Revenue excluding grants, % of GDP	27.5%	0%
Grants excluding technical cooperation, BoP	$658.1M	$1.5B
Personal remittances received	$8.6B	$21.7M
Industry including construction value added, % of GDP	32.1%	9.5%
Agriculture, forestry and fishing value added, % of GDP	3.1%	62.7%
Charges for the use of intellectual property, payments BoP	$6.3B	N/A
Charges for the use of intellectual property, receipts BoP	$876.1M	N/A
Expense, % of GDP	28.9%	0%
Government Expenditure, % of GDP	34.7%	N/A