Senegal vs Somalia: Economic Indicators Comparison

Senegal with a GDP of $24.1B ranked the 111th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Senegal and Somalia ranked 20th vs 97th and 160th vs 196th, respectively.

Gross Domestic Product & Income

Stat	Senegal	Somalia
GDP	$24.1B	$4.7B
GDP growth, 1 year	6.2%	3.1%
GDP growth, 5-years average	6.5%	2.9%
Population	15.9M	11M
GDP per capita	$1.5k	$315
GDP per capita growth	3.84%	-2.74%
Purchasing Power Parity conversion factor	223.6	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.4	N/A
GDP per capita, PPP adjusted	$3.7k	$500
GNI, Atlas method	$22.4B	$959.2M
GNI per capita	$1.4k	$130
GNI, PPP adjusted	$58.2B	N/A
GNI per capita, PPP adjusted	$3.7k	N/A

Financial system and Human development

Stat	Senegal	Somalia
Income Tax Rate	40%	N/A
Corporate Tax Rate	30%	N/A
Inflation, consumer prices	0.5%	1.5%
Inflation, GDP deflator	2.3%	215.5%
Unemployment	6.5%	14%
Economic Freedom Index	58	29
Personal Freedom Index	6.67	3.6
Human Freedom Index	6.29	3.4
Property Rights Index	52.4	20.1
Judical Effectiveness Index	39.8	26.5
Business Freedom Index	50.4	31.6
Fiscal Health Index	75.2	N/A
Labor Freedom Index	38.1	N/A
Investment Freedom Index	60	N/A
Financial Freedom Index	40	N/A
Trade Freedom Index	65.4	N/A
Monetary Freedom Index	79.7	N/A
Government Spending Index	84.4	N/A
Tax Burden Index	70.2	N/A
Government Integrity Index	40.6	13.1
Corruption Perceptions Index	45	10
Life expectancy at birth, years	67.4	56.7
Suicide mortality rate, per 100,000 people	6	4.7
Mortality caused by road traffic injury, per 100,000 people	23.4	27.1
Intentional homicides, per 100,000 people	7.4	4.3
International tourism, number of arrivals	1.4M	N/A

Government debt & reserves

Stat	Senegal	Somalia
Central government debt, % of GDP	64.4%	N/A
External debt stocks, % of GNI	52.4%	39.4%
External debt stocks	$12.3B	$2.9B
Short-term debt, % of total reserves	N/A	847.9%
Total debt service, % of exports and primary income	13.5%	47.6%
Adjusted net savings including particulate emission damage, % of GNI	12.3%	N/A
Gross savings, % of GDP	20.4%	N/A
Gross capital formation, % of GDP	28.7%	15.5%
Total reserves including gold	N/A	$23.1M
Foreign direct investment net inflows	$629.3M	$409M

Exports, imports and economic structure

Stat	Senegal	Somalia
Exports of goods and services, % of GDP	21.9%	25.9%
Imports of goods and services, % of GDP	36.1%	99.6%
Current account balance (balance of payments)	-$1.5B	N/A
Revenue excluding grants, % of GDP	19.2%	0%
Grants excluding technical cooperation, BoP	$478.7M	$1.5B
Personal remittances received	$2.4B	$21.7M
Industry including construction value added, % of GDP	25.8%	9.5%
Agriculture, forestry and fishing value added, % of GDP	16.6%	62.7%
Charges for the use of intellectual property, payments BoP	$8.1M	N/A
Charges for the use of intellectual property, receipts BoP	$4.9M	N/A
Expense, % of GDP	18.3%	0%
Government Expenditure, % of GDP	22.8%	N/A