Somalia vs Trinidad and Tobago: Economic Indicators Comparison
Trinidad and Tobago with a GDP of $23.8B ranked the 113th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Trinidad and Tobago and Somalia ranked 175th vs 97th and 53rd vs 196th, respectively.
Gross Domestic Product & Income
| Stat |  Somalia |  Trinidad and Tobago |
|---|---|---|
| GDP | $4.7B | $23.8B |
| GDP growth, 1 year | 3.1% | 0.3% |
| GDP growth, 5-years average | 2.9% | -1.5% |
| Population | 11M | 1.4M |
| GDP per capita | $315 | $17k |
| GDP per capita growth | -2.74% | -0.66% |
| Purchasing Power Parity conversion factor | 11427.68 | 3.62 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | N/A | 0.54 |
| GDP per capita, PPP adjusted | $500 | $32k |
| GNI, Atlas method | $959.2M | $22.2B |
| GNI per capita | $130 | $16k |
| GNI, PPP adjusted | N/A | $43.1B |
| GNI per capita, PPP adjusted | N/A | $31k |
Financial system and Human development
| Stat | Somalia | Trinidad and Tobago |
|---|---|---|
| Income Tax Rate | N/A | 25% |
| Corporate Tax Rate | N/A | 25% |
| Inflation, consumer prices | 1.5% | 1.1% |
| Inflation, GDP deflator | 215.5% | 6.1% |
| Unemployment | 14% | 2.8% |
| Economic Freedom Index | 29 | 58.3 |
| Personal Freedom Index | 3.6 | 6.88 |
| Human Freedom Index | 3.4 | 6.81 |
| Property Rights Index | 20.1 | 56.6 |
| Judical Effectiveness Index | 26.5 | 42.1 |
| Business Freedom Index | 31.6 | 67.3 |
| Fiscal Health Index | N/A | 15.9 |
| Labor Freedom Index | N/A | 76 |
| Investment Freedom Index | N/A | 60 |
| Financial Freedom Index | N/A | 50 |
| Trade Freedom Index | N/A | 67.8 |
| Monetary Freedom Index | N/A | 77.4 |
| Government Spending Index | N/A | 66.5 |
| Tax Burden Index | N/A | 82.6 |
| Government Integrity Index | 13.1 | 37.4 |
| Corruption Perceptions Index | 10 | 41 |
| Life expectancy at birth, years | 56.7 | 73.2 |
| Suicide mortality rate, per 100,000 people | 4.7 | 13.6 |
| Mortality caused by road traffic injury, per 100,000 people | 27.1 | 12.1 |
| Intentional homicides, per 100,000 people | 4.3 | 30.9 |
| International tourism, number of arrivals | N/A | 375k |
Government debt & reserves
| Stat | Somalia | Trinidad and Tobago |
|---|---|---|
| Central government debt, % of GDP | N/A | 45.3% |
| External debt stocks, % of GNI | 39.4% | N/A |
| External debt stocks | $2.9B | N/A |
| Short-term debt, % of total reserves | 847.9% | N/A |
| Total debt service, % of exports and primary income | 47.6% | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | N/A |
| Gross savings, % of GDP | N/A | N/A |
| Gross capital formation, % of GDP | 15.5% | N/A |
| Total reserves including gold | $23.1M | $8.1B |
| Foreign direct investment net inflows | $409M | -$602.5M |
Exports, imports and economic structure
| Stat | Somalia | Trinidad and Tobago |
|---|---|---|
| Exports of goods and services, % of GDP | 25.9% | N/A |
| Imports of goods and services, % of GDP | 99.6% | N/A |
| Current account balance (balance of payments) | N/A | $1.2B |
| Revenue excluding grants, % of GDP | 0% | 38.4% |
| Grants excluding technical cooperation, BoP | $1.5B | $2.4M |
| Personal remittances received | $21.7M | $138.7M |
| Industry including construction value added, % of GDP | 9.5% | 42% |
| Agriculture, forestry and fishing value added, % of GDP | 62.7% | 1% |
| Charges for the use of intellectual property, payments BoP | N/A | $63.9M |
| Charges for the use of intellectual property, receipts BoP | N/A | $882k |
| Expense, % of GDP | 0% | 35.9% |
| Government Expenditure, % of GDP | N/A | 33.4% |
