Somalia vs Turkmenistan: Economic Indicators Comparison
Turkmenistan with a GDP of $40.8B ranked the 93rd largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Turkmenistan and Somalia ranked 9th vs 97th and 92nd vs 196th, respectively.
Gross Domestic Product & Income
| Stat |  Somalia |  Turkmenistan |
|---|---|---|
| GDP | $4.7B | $40.8B |
| GDP growth, 1 year | 3.1% | 6.2% |
| GDP growth, 5-years average | 2.9% | 7.1% |
| Population | 11M | 5.9M |
| GDP per capita | $315 | $7k |
| GDP per capita growth | -2.74% | 4.51% |
| Purchasing Power Parity conversion factor | 11427.68 | 1.26 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | N/A | 0.36 |
| GDP per capita, PPP adjusted | $500 | $20k |
| GNI, Atlas method | $959.2M | $39.4B |
| GNI per capita | $130 | $6.7k |
| GNI, PPP adjusted | N/A | $108.2B |
| GNI per capita, PPP adjusted | N/A | $18k |
Financial system and Human development
| Stat | Somalia | Turkmenistan |
|---|---|---|
| Income Tax Rate | N/A | 10% |
| Corporate Tax Rate | N/A | 8% |
| Inflation, consumer prices | 1.5% | 13.6% |
| Inflation, GDP deflator | 215.5% | 1.2% |
| Unemployment | 14% | 3.8% |
| Economic Freedom Index | 29 | 46.5 |
| Personal Freedom Index | 3.6 | 4.1 |
| Human Freedom Index | 3.4 | 4.1 |
| Property Rights Index | 20.1 | 20.1 |
| Judical Effectiveness Index | 26.5 | 20 |
| Business Freedom Index | 31.6 | 30 |
| Fiscal Health Index | N/A | 94.5 |
| Labor Freedom Index | N/A | 20 |
| Investment Freedom Index | N/A | 10 |
| Financial Freedom Index | N/A | 10 |
| Trade Freedom Index | N/A | 74.2 |
| Monetary Freedom Index | N/A | 68.7 |
| Government Spending Index | N/A | 93.1 |
| Tax Burden Index | N/A | 95.9 |
| Government Integrity Index | 13.1 | 21.4 |
| Corruption Perceptions Index | 10 | 20 |
| Life expectancy at birth, years | 56.7 | 68 |
| Suicide mortality rate, per 100,000 people | 4.7 | 6.7 |
| Mortality caused by road traffic injury, per 100,000 people | 27.1 | 14.5 |
| Intentional homicides, per 100,000 people | 4.3 | 4.2 |
| International tourism, number of arrivals | N/A | 8.2k |
Government debt & reserves
| Stat | Somalia | Turkmenistan |
|---|---|---|
| Central government debt, % of GDP | N/A | 29.3% |
| External debt stocks, % of GNI | 39.4% | 2.3% |
| External debt stocks | $2.9B | $907.3M |
| Short-term debt, % of total reserves | 847.9% | 20.6% |
| Total debt service, % of exports and primary income | 47.6% | 22.1% |
| 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% | 47.2% |
| Total reserves including gold | $23.1M | $1.5B |
| Foreign direct investment net inflows | $409M | $2B |
Exports, imports and economic structure
| Stat | Somalia | Turkmenistan |
|---|---|---|
| Exports of goods and services, % of GDP | 25.9% | 22.7% |
| Imports of goods and services, % of GDP | 99.6% | 12.5% |
| Current account balance (balance of payments) | N/A | N/A |
| Revenue excluding grants, % of GDP | 0% | N/A |
| Grants excluding technical cooperation, BoP | $1.5B | $14.5M |
| Personal remittances received | $21.7M | $1.6M |
| Industry including construction value added, % of GDP | 9.5% | 57% |
| Agriculture, forestry and fishing value added, % of GDP | 62.7% | 9.3% |
| Charges for the use of intellectual property, payments BoP | N/A | N/A |
| Charges for the use of intellectual property, receipts BoP | N/A | N/A |
| Expense, % of GDP | 0% | N/A |
| Government Expenditure, % of GDP | N/A | 15.1% |
