Sierra Leone vs Somalia: Economic Indicators Comparison

Somalia with a GDP of $4.7B ranked the 159th largest economy in the world, while Sierra Leone ranked 161st with $4.1B. By GDP 5-years average growth and GDP per capita, Somalia and Sierra Leone ranked 97th vs 170th and 196th vs 189th, respectively.

Gross Domestic Product & Income

Stat	Sierra Leone	Somalia
GDP	$4.1B	$4.7B
GDP growth, 1 year	3.7%	3.1%
GDP growth, 5-years average	-0.4%	2.9%
Population	7.6M	11M
GDP per capita	$534	$315
GDP per capita growth	1.26%	-2.74%
Purchasing Power Parity conversion factor	2643.88	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.33	N/A
GDP per capita, PPP adjusted	$1.6k	$500
GNI, Atlas method	$3.7B	$959.2M
GNI per capita	$490	$130
GNI, PPP adjusted	$11.4B	N/A
GNI per capita, PPP adjusted	$1.5k	N/A

Financial system and Human development

Stat	Sierra Leone	Somalia
Income Tax Rate	15%	N/A
Corporate Tax Rate	30%	N/A
Inflation, consumer prices	16.9%	1.5%
Inflation, GDP deflator	13.4%	215.5%
Unemployment	4.3%	14%
Economic Freedom Index	48	29
Personal Freedom Index	6.55	3.6
Human Freedom Index	6.24	3.4
Property Rights Index	40.7	20.1
Judical Effectiveness Index	39.4	26.5
Business Freedom Index	50.1	31.6
Fiscal Health Index	9.8	N/A
Labor Freedom Index	29.7	N/A
Investment Freedom Index	60	N/A
Financial Freedom Index	20	N/A
Trade Freedom Index	69.4	N/A
Monetary Freedom Index	64.2	N/A
Government Spending Index	83.5	N/A
Tax Burden Index	87.5	N/A
Government Integrity Index	21.8	13.1
Corruption Perceptions Index	30	10
Life expectancy at birth, years	53.9	56.7
Suicide mortality rate, per 100,000 people	9.7	4.7
Mortality caused by road traffic injury, per 100,000 people	27.3	27.1
Intentional homicides, per 100,000 people	1.7	4.3
International tourism, number of arrivals	57k	N/A

Government debt & reserves

Stat	Sierra Leone	Somalia
Central government debt, % of GDP	71.3%	N/A
External debt stocks, % of GNI	45.1%	39.4%
External debt stocks	$1.7B	$2.9B
Short-term debt, % of total reserves	37.5%	847.9%
Total debt service, % of exports and primary income	7.2%	47.6%
Adjusted net savings including particulate emission damage, % of GNI	-33.5%	N/A
Gross savings, % of GDP	-7.3%	N/A
Gross capital formation, % of GDP	13.6%	15.5%
Total reserves including gold	$502.6M	$23.1M
Foreign direct investment net inflows	$217.8M	$409M

Exports, imports and economic structure

Stat	Sierra Leone	Somalia
Exports of goods and services, % of GDP	17.5%	25.9%
Imports of goods and services, % of GDP	39.2%	99.6%
Current account balance (balance of payments)	-$646.1M	N/A
Revenue excluding grants, % of GDP	N/A	0%
Grants excluding technical cooperation, BoP	$375.1M	$1.5B
Personal remittances received	$62.1M	$21.7M
Industry including construction value added, % of GDP	5.3%	9.5%
Agriculture, forestry and fishing value added, % of GDP	58.9%	62.7%
Charges for the use of intellectual property, payments BoP	$892k	N/A
Charges for the use of intellectual property, receipts BoP	$5.8M	N/A
Expense, % of GDP	N/A	0%
Government Expenditure, % of GDP	23.4%	N/A