Skip to content

Somalia vs South Africa: Economic Indicators Comparison

South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, South Africa and Somalia ranked 151st vs 97th and 95th vs 196th, respectively.

Gross Domestic Product & Income

StatSomaliaSouth Africa
GDP$4.7B$368.3B
GDP growth, 1 year3.1%0.8%
GDP growth, 5-years average2.9%1.1%
Population11M57.7M
GDP per capita$315$6.4k
GDP per capita growth-2.74%-0.57%
Purchasing Power Parity conversion factor11427.686.16
Price level ratio of PPP conversion factor GDP to market exchange rateN/A0.47
GDP per capita, PPP adjusted$500$14k
GNI, Atlas method$959.2M$332.3B
GNI per capita$130$5.8k
GNI, PPP adjustedN/A$765.8B
GNI per capita, PPP adjustedN/A$13k

Financial system and Human development

StatSomaliaSouth Africa
Income Tax RateN/A45%
Corporate Tax RateN/A28%
Inflation, consumer prices1.5%4.6%
Inflation, GDP deflator215.5%3.9%
Unemployment14%27%
Economic Freedom Index2958.8
Personal Freedom Index3.66.92
Human Freedom Index3.46.78
Property Rights Index20.158.4
Judical Effectiveness Index26.538
Business Freedom Index31.662
Fiscal Health IndexN/A64
Labor Freedom IndexN/A58.8
Investment Freedom IndexN/A45
Financial Freedom IndexN/A50
Trade Freedom IndexN/A75.8
Monetary Freedom IndexN/A75.9
Government Spending IndexN/A67.4
Tax Burden IndexN/A63.7
Government Integrity Index13.146.6
Corruption Perceptions Index1043
Life expectancy at birth, years56.763.5
Suicide mortality rate, per 100,000 people4.711.6
Mortality caused by road traffic injury, per 100,000 people27.125.9
Intentional homicides, per 100,000 people4.335.9
International tourism, number of arrivalsN/A10.5M

Government debt & reserves

StatSomaliaSouth Africa
Central government debt, % of GDPN/A56.7%
External debt stocks, % of GNI39.4%50.6%
External debt stocks$2.9B$179.3B
Short-term debt, % of total reserves847.9%70.9%
Total debt service, % of exports and primary income47.6%19.9%
Adjusted net savings including particulate emission damage, % of GNIN/A0.6%
Gross savings, % of GDPN/A14.9%
Gross capital formation, % of GDP15.5%17.9%
Total reserves including gold$23.1M$51.6B
Foreign direct investment net inflows$409M$5.5B

Exports, imports and economic structure

StatSomaliaSouth Africa
Exports of goods and services, % of GDP25.9%29.9%
Imports of goods and services, % of GDP99.6%29.6%
Current account balance (balance of payments)N/A-$13.4B
Revenue excluding grants, % of GDP0%30.9%
Grants excluding technical cooperation, BoP$1.5B$817.9M
Personal remittances received$21.7M$929M
Industry including construction value added, % of GDP9.5%25.9%
Agriculture, forestry and fishing value added, % of GDP62.7%2.2%
Charges for the use of intellectual property, payments BoPN/A$1.8B
Charges for the use of intellectual property, receipts BoPN/A$120.7M
Expense, % of GDP0%34.4%
Government Expenditure, % of GDPN/A33%

Compare with countries close by GDP per capita

Somalia vs

CountryGDP
per capita
Population
Mauritania
$1.2k
3.54M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
26.2M
Benin
$902
10M
Mali
$900
18.5M
Guinea
$879
11.6M
Haiti
$868
10.3M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.52M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
11M
Gambia
$716
1.86M
Burkina Faso
$715
19.2M
Togo
$679
6.34M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
22.9M
Afghanistan
$521
34.9M
Mozambique
$499
25.8M
Central African Republic
$476
4.99M
Niger
$414
17.1M
Malawi
$389
18.6M
Burundi
$272
10.9M

South Africa vs

CountryGDP
per capita
Population
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M