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

Stat	Saudi Arabia	Somalia
GDP	$786.5B	$4.7B
GDP growth, 1 year	2.2%	3.1%
GDP growth, 5-years average	2.2%	2.9%
Population	33M	11M
GDP per capita	$23k	$315
GDP per capita growth	0.61%	-2.74%
Purchasing Power Parity conversion factor	1.58	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.42	N/A
GDP per capita, PPP adjusted	$56k	$500
GNI, Atlas method	$727.8B	$959.2M
GNI per capita	$22k	$130
GNI, PPP adjusted	$1.9T	N/A
GNI per capita, PPP adjusted	$56k	N/A

Financial system and Human development

Stat	Saudi Arabia	Somalia
Income Tax Rate	2.5%	N/A
Corporate Tax Rate	2.5%	N/A
Inflation, consumer prices	2.5%	1.5%
Inflation, GDP deflator	11.5%	215.5%
Unemployment	5.9%	14%
Economic Freedom Index	62.4	29
Personal Freedom Index	4.65	3.6
Human Freedom Index	5.66	3.4
Property Rights Index	64.6	20.1
Judical Effectiveness Index	72.3	26.5
Business Freedom Index	66.6	31.6
Fiscal Health Index	19.3	N/A
Labor Freedom Index	63.3	N/A
Investment Freedom Index	45	N/A
Financial Freedom Index	50	N/A
Trade Freedom Index	75.4	N/A
Monetary Freedom Index	81	N/A
Government Spending Index	61.8	N/A
Tax Burden Index	99.8	N/A
Government Integrity Index	49.6	13.1
Corruption Perceptions Index	49	10
Life expectancy at birth, years	74.9	56.7
Suicide mortality rate, per 100,000 people	3.2	4.7
Mortality caused by road traffic injury, per 100,000 people	28.8	27.1
Intentional homicides, per 100,000 people	1.3	4.3
International tourism, number of arrivals	15.3M	N/A

Government debt & reserves

Stat	Saudi Arabia	Somalia
Central government debt, % of GDP	19.1%	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	13.4%	N/A
Gross savings, % of GDP	33.2%	N/A
Gross capital formation, % of GDP	24.2%	15.5%
Total reserves including gold	$509.5B	$23.1M
Foreign direct investment net inflows	$4.2B	$409M

Exports, imports and economic structure

Stat	Saudi Arabia	Somalia
Exports of goods and services, % of GDP	39.9%	25.9%
Imports of goods and services, % of GDP	26.7%	99.6%
Current account balance (balance of payments)	$70.6B	N/A
Revenue excluding grants, % of GDP	26.8%	0%
Grants excluding technical cooperation, BoP	$290k	$1.5B
Personal remittances received	$334.9M	$21.7M
Industry including construction value added, % of GDP	49.5%	9.5%
Agriculture, forestry and fishing value added, % of GDP	2.2%	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	28%	0%
Government Expenditure, % of GDP	35.7%	N/A