Saudi Arabia vs Somalia: Economic Indicators Comparison

Saudi Arabia with a GDP of $786.5B ranked the 18th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Saudi Arabia and Somalia ranked 124th vs 97th and 41st vs 196th, respectively.

Gross Domestic Product & Income

StatSaudi ArabiaSomalia
GDP$786.5B$4.7B
GDP growth, 1 year2.2%3.1%
GDP growth, 5-years average2.2%2.9%
Population33M11M
GDP per capita$23k$315
GDP per capita growth0.61%-2.74%
Purchasing Power Parity conversion factor1.5811427.68
Price level ratio of PPP conversion factor GDP to market exchange rate0.42N/A
GDP per capita, PPP adjusted$56k$500
GNI, Atlas method$727.8B$959.2M
GNI per capita$22k$130
GNI, PPP adjusted$1.9TN/A
GNI per capita, PPP adjusted$56kN/A

Financial system and Human development

StatSaudi ArabiaSomalia
Income Tax Rate2.5%N/A
Corporate Tax Rate2.5%N/A
Inflation, consumer prices2.5%1.5%
Inflation, GDP deflator11.5%215.5%
Unemployment5.9%14%
Economic Freedom Index62.429
Personal Freedom Index4.653.6
Human Freedom Index5.663.4
Property Rights Index64.620.1
Judical Effectiveness Index72.326.5
Business Freedom Index66.631.6
Fiscal Health Index19.3N/A
Labor Freedom Index63.3N/A
Investment Freedom Index45N/A
Financial Freedom Index50N/A
Trade Freedom Index75.4N/A
Monetary Freedom Index81N/A
Government Spending Index61.8N/A
Tax Burden Index99.8N/A
Government Integrity Index49.613.1
Corruption Perceptions Index4910
Life expectancy at birth, years74.956.7
Suicide mortality rate, per 100,000 people3.24.7
Mortality caused by road traffic injury, per 100,000 people28.827.1
Intentional homicides, per 100,000 people1.34.3
International tourism, number of arrivals15.3MN/A

Government debt & reserves

StatSaudi ArabiaSomalia
Central government debt, % of GDP19.1%N/A
External debt stocks, % of GNIN/A39.4%
External debt stocksN/A$2.9B
Short-term debt, % of total reservesN/A847.9%
Total debt service, % of exports and primary incomeN/A47.6%
Adjusted net savings including particulate emission damage, % of GNI13.4%N/A
Gross savings, % of GDP33.2%N/A
Gross capital formation, % of GDP24.2%15.5%
Total reserves including gold$509.5B$23.1M
Foreign direct investment net inflows$4.2B$409M

Exports, imports and economic structure

StatSaudi ArabiaSomalia
Exports of goods and services, % of GDP39.9%25.9%
Imports of goods and services, % of GDP26.7%99.6%
Current account balance (balance of payments)$70.6BN/A
Revenue excluding grants, % of GDP26.8%0%
Grants excluding technical cooperation, BoP$290k$1.5B
Personal remittances received$334.9M$21.7M
Industry including construction value added, % of GDP49.5%9.5%
Agriculture, forestry and fishing value added, % of GDP2.2%62.7%
Charges for the use of intellectual property, payments BoPN/AN/A
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDP28%0%
Government Expenditure, % of GDP35.7%N/A

Compare with countries close by GDP per capita

Saudi Arabia vs

CountryGDP
per capita
Population
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M

Somalia vs

CountryGDP
per capita
Population
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Burundi
$272
10.9M