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
| Stat |  Somalia |  South Africa |
|---|---|---|
| GDP | $4.7B | $368.3B |
| GDP growth, 1 year | 3.1% | 0.8% |
| GDP growth, 5-years average | 2.9% | 1.1% |
| Population | 11M | 57.7M |
| GDP per capita | $315 | $6.4k |
| GDP per capita growth | -2.74% | -0.57% |
| Purchasing Power Parity conversion factor | 11427.68 | 6.16 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | N/A | 0.47 |
| GDP per capita, PPP adjusted | $500 | $14k |
| GNI, Atlas method | $959.2M | $332.3B |
| GNI per capita | $130 | $5.8k |
| GNI, PPP adjusted | N/A | $765.8B |
| GNI per capita, PPP adjusted | N/A | $13k |
Financial system and Human development
| Stat | Somalia | South Africa |
|---|---|---|
| Income Tax Rate | N/A | 45% |
| Corporate Tax Rate | N/A | 28% |
| Inflation, consumer prices | 1.5% | 4.6% |
| Inflation, GDP deflator | 215.5% | 3.9% |
| Unemployment | 14% | 27% |
| Economic Freedom Index | 29 | 58.8 |
| Personal Freedom Index | 3.6 | 6.92 |
| Human Freedom Index | 3.4 | 6.78 |
| Property Rights Index | 20.1 | 58.4 |
| Judical Effectiveness Index | 26.5 | 38 |
| Business Freedom Index | 31.6 | 62 |
| Fiscal Health Index | N/A | 64 |
| Labor Freedom Index | N/A | 58.8 |
| Investment Freedom Index | N/A | 45 |
| Financial Freedom Index | N/A | 50 |
| Trade Freedom Index | N/A | 75.8 |
| Monetary Freedom Index | N/A | 75.9 |
| Government Spending Index | N/A | 67.4 |
| Tax Burden Index | N/A | 63.7 |
| Government Integrity Index | 13.1 | 46.6 |
| Corruption Perceptions Index | 10 | 43 |
| Life expectancy at birth, years | 56.7 | 63.5 |
| Suicide mortality rate, per 100,000 people | 4.7 | 11.6 |
| Mortality caused by road traffic injury, per 100,000 people | 27.1 | 25.9 |
| Intentional homicides, per 100,000 people | 4.3 | 35.9 |
| International tourism, number of arrivals | N/A | 10.5M |
Government debt & reserves
| Stat | Somalia | South Africa |
|---|---|---|
| Central government debt, % of GDP | N/A | 56.7% |
| External debt stocks, % of GNI | 39.4% | 50.6% |
| External debt stocks | $2.9B | $179.3B |
| Short-term debt, % of total reserves | 847.9% | 70.9% |
| Total debt service, % of exports and primary income | 47.6% | 19.9% |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | 0.6% |
| Gross savings, % of GDP | N/A | 14.9% |
| Gross capital formation, % of GDP | 15.5% | 17.9% |
| Total reserves including gold | $23.1M | $51.6B |
| Foreign direct investment net inflows | $409M | $5.5B |
Exports, imports and economic structure
| Stat | Somalia | South Africa |
|---|---|---|
| Exports of goods and services, % of GDP | 25.9% | 29.9% |
| Imports of goods and services, % of GDP | 99.6% | 29.6% |
| Current account balance (balance of payments) | N/A | -$13.4B |
| Revenue excluding grants, % of GDP | 0% | 30.9% |
| Grants excluding technical cooperation, BoP | $1.5B | $817.9M |
| Personal remittances received | $21.7M | $929M |
| Industry including construction value added, % of GDP | 9.5% | 25.9% |
| Agriculture, forestry and fishing value added, % of GDP | 62.7% | 2.2% |
| Charges for the use of intellectual property, payments BoP | N/A | $1.8B |
| Charges for the use of intellectual property, receipts BoP | N/A | $120.7M |
| Expense, % of GDP | 0% | 34.4% |
| Government Expenditure, % of GDP | N/A | 33% |
