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

StatSomaliaTrinidad and Tobago
GDP$4.7B$23.8B
GDP growth, 1 year3.1%0.3%
GDP growth, 5-years average2.9%-1.5%
Population11M1.4M
GDP per capita$315$17k
GDP per capita growth-2.74%-0.66%
Purchasing Power Parity conversion factor11427.683.62
Price level ratio of PPP conversion factor GDP to market exchange rateN/A0.54
GDP per capita, PPP adjusted$500$32k
GNI, Atlas method$959.2M$22.2B
GNI per capita$130$16k
GNI, PPP adjustedN/A$43.1B
GNI per capita, PPP adjustedN/A$31k

Financial system and Human development

StatSomaliaTrinidad and Tobago
Income Tax RateN/A25%
Corporate Tax RateN/A25%
Inflation, consumer prices1.5%1.1%
Inflation, GDP deflator215.5%6.1%
Unemployment14%2.8%
Economic Freedom Index2958.3
Personal Freedom Index3.66.88
Human Freedom Index3.46.81
Property Rights Index20.156.6
Judical Effectiveness Index26.542.1
Business Freedom Index31.667.3
Fiscal Health IndexN/A15.9
Labor Freedom IndexN/A76
Investment Freedom IndexN/A60
Financial Freedom IndexN/A50
Trade Freedom IndexN/A67.8
Monetary Freedom IndexN/A77.4
Government Spending IndexN/A66.5
Tax Burden IndexN/A82.6
Government Integrity Index13.137.4
Corruption Perceptions Index1041
Life expectancy at birth, years56.773.2
Suicide mortality rate, per 100,000 people4.713.6
Mortality caused by road traffic injury, per 100,000 people27.112.1
Intentional homicides, per 100,000 people4.330.9
International tourism, number of arrivalsN/A375k

Government debt & reserves

StatSomaliaTrinidad and Tobago
Central government debt, % of GDPN/A45.3%
External debt stocks, % of GNI39.4%N/A
External debt stocks$2.9BN/A
Short-term debt, % of total reserves847.9%N/A
Total debt service, % of exports and primary income47.6%N/A
Adjusted net savings including particulate emission damage, % of GNIN/AN/A
Gross savings, % of GDPN/AN/A
Gross capital formation, % of GDP15.5%N/A
Total reserves including gold$23.1M$8.1B
Foreign direct investment net inflows$409M-$602.5M

Exports, imports and economic structure

StatSomaliaTrinidad and Tobago
Exports of goods and services, % of GDP25.9%N/A
Imports of goods and services, % of GDP99.6%N/A
Current account balance (balance of payments)N/A$1.2B
Revenue excluding grants, % of GDP0%38.4%
Grants excluding technical cooperation, BoP$1.5B$2.4M
Personal remittances received$21.7M$138.7M
Industry including construction value added, % of GDP9.5%42%
Agriculture, forestry and fishing value added, % of GDP62.7%1%
Charges for the use of intellectual property, payments BoPN/A$63.9M
Charges for the use of intellectual property, receipts BoPN/A$882k
Expense, % of GDP0%35.9%
Government Expenditure, % of GDPN/A33.4%

Compare with countries close by GDP per capita

Somalia vs

CountryGDP
per capita
Population
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
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

Trinidad and Tobago vs

CountryGDP
per capita
Population
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M