Somalia vs Tanzania: Economic Indicators Comparison

Tanzania with a GDP of $58B ranked the 80th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Tanzania and Somalia ranked 18th vs 97th and 169th vs 196th, respectively.

Gross Domestic Product & Income

StatSomaliaTanzania
GDP$4.7B$58B
GDP growth, 1 year3.1%6.6%
GDP growth, 5-years average2.9%6.6%
Population11M57.3M
GDP per capita$315$1.1k
GDP per capita growth-2.74%2.12%
Purchasing Power Parity conversion factor11427.68741.25
Price level ratio of PPP conversion factor GDP to market exchange rateN/A0.33
GDP per capita, PPP adjusted$500$3.4k
GNI, Atlas method$959.2M$55.7B
GNI per capita$130$1k
GNI, PPP adjustedN/A$171.7B
GNI per capita, PPP adjustedN/A$3.2k

Financial system and Human development

StatSomaliaTanzania
Income Tax RateN/A30%
Corporate Tax RateN/A30%
Inflation, consumer prices1.5%3.5%
Inflation, GDP deflator215.5%4.8%
Unemployment14%1.9%
Economic Freedom Index2961.7
Personal Freedom Index3.66.51
Human Freedom Index3.46.37
Property Rights Index20.141.9
Judical Effectiveness Index26.543.4
Business Freedom Index31.645.9
Fiscal Health IndexN/A92.9
Labor Freedom IndexN/A66.4
Investment Freedom IndexN/A55
Financial Freedom IndexN/A50
Trade Freedom IndexN/A67.8
Monetary Freedom IndexN/A72.2
Government Spending IndexN/A91.6
Tax Burden IndexN/A80.6
Government Integrity Index13.132.5
Corruption Perceptions Index1036
Life expectancy at birth, years56.764.5
Suicide mortality rate, per 100,000 people4.75.4
Mortality caused by road traffic injury, per 100,000 people27.129.2
Intentional homicides, per 100,000 people4.37
International tourism, number of arrivalsN/A1.4M

Government debt & reserves

StatSomaliaTanzania
Central government debt, % of GDPN/A36%
External debt stocks, % of GNI39.4%33.1%
External debt stocks$2.9B$18.6B
Short-term debt, % of total reserves847.9%35.9%
Total debt service, % of exports and primary income47.6%8.4%
Adjusted net savings including particulate emission damage, % of GNIN/A23.1%
Gross savings, % of GDPN/A30.5%
Gross capital formation, % of GDP15.5%34%
Total reserves including gold$23.1M$5B
Foreign direct investment net inflows$409M$1.1B

Exports, imports and economic structure

StatSomaliaTanzania
Exports of goods and services, % of GDP25.9%15.1%
Imports of goods and services, % of GDP99.6%17.1%
Current account balance (balance of payments)N/A-$1.9B
Revenue excluding grants, % of GDP0%13.7%
Grants excluding technical cooperation, BoP$1.5B$1.6B
Personal remittances received$21.7M$412.9M
Industry including construction value added, % of GDP9.5%25.1%
Agriculture, forestry and fishing value added, % of GDP62.7%28.7%
Charges for the use of intellectual property, payments BoPN/A$6.1M
Charges for the use of intellectual property, receipts BoPN/A$83k
Expense, % of GDP0%14.3%
Government Expenditure, % of GDPN/A16.8%

Compare with countries close by GDP per capita

Somalia vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Burundi
$272
10.9M

Tanzania vs

CountryGDP
per capita
Population
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M