Somalia vs the United States: Economic Indicators Comparison
The United States with a GDP of $20.5T ranked the 1st largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, the United States and Somalia ranked 113th vs 97th and 11th vs 196th, respectively.
Gross Domestic Product & Income
| Stat |  Somalia |  United States |
|---|---|---|
| GDP | $4.7B | $20.5T |
| GDP growth, 1 year | 3.1% | 2.9% |
| GDP growth, 5-years average | 2.9% | 2.4% |
| Population | 11M | 325.1M |
| GDP per capita | $315 | $63k |
| GDP per capita growth | -2.74% | 2.29% |
| Purchasing Power Parity conversion factor | 11427.68 | 1 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | N/A | 1 |
| GDP per capita, PPP adjusted | $500 | $63k |
| GNI, Atlas method | $959.2M | $20.6T |
| GNI per capita | $130 | $63k |
| GNI, PPP adjusted | N/A | $20.8T |
| GNI per capita, PPP adjusted | N/A | $64k |
Financial system and Human development
| Stat | Somalia | United States |
|---|---|---|
| Income Tax Rate | N/A | 37% |
| Corporate Tax Rate | N/A | 21% |
| Inflation, consumer prices | 1.5% | 2.4% |
| Inflation, GDP deflator | 215.5% | 2.4% |
| Unemployment | 14% | 3.9% |
| Economic Freedom Index | 29 | 76.6 |
| Personal Freedom Index | 3.6 | 8.55 |
| Human Freedom Index | 3.4 | 8.39 |
| Property Rights Index | 20.1 | 81.8 |
| Judical Effectiveness Index | 26.5 | 83.7 |
| Business Freedom Index | 31.6 | 83.3 |
| Fiscal Health Index | N/A | 54.3 |
| Labor Freedom Index | N/A | 87.9 |
| Investment Freedom Index | N/A | 85 |
| Financial Freedom Index | N/A | 80 |
| Trade Freedom Index | N/A | 79.8 |
| Monetary Freedom Index | N/A | 75.5 |
| Government Spending Index | N/A | 56.5 |
| Tax Burden Index | N/A | 74.6 |
| Government Integrity Index | 13.1 | 77.2 |
| Corruption Perceptions Index | 10 | 71 |
| Life expectancy at birth, years | 56.7 | 78.5 |
| Suicide mortality rate, per 100,000 people | 4.7 | 15.3 |
| Mortality caused by road traffic injury, per 100,000 people | 27.1 | 12.4 |
| Intentional homicides, per 100,000 people | 4.3 | 5.3 |
| International tourism, number of arrivals | N/A | 79.7M |
Government debt & reserves
| Stat | Somalia | United States |
|---|---|---|
| Central government debt, % of GDP | N/A | 105.8% |
| 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 | 6.1% |
| Gross savings, % of GDP | N/A | 18.6% |
| Gross capital formation, % of GDP | 15.5% | 21% |
| Total reserves including gold | $23.1M | $449.9B |
| Foreign direct investment net inflows | $409M | $258.4B |
Exports, imports and economic structure
| Stat | Somalia | United States |
|---|---|---|
| Exports of goods and services, % of GDP | 25.9% | 12.2% |
| Imports of goods and services, % of GDP | 99.6% | 15.3% |
| Current account balance (balance of payments) | N/A | -$491B |
| Revenue excluding grants, % of GDP | 0% | 17.2% |
| Grants excluding technical cooperation, BoP | $1.5B | N/A |
| Personal remittances received | $21.7M | $6.7B |
| Industry including construction value added, % of GDP | 9.5% | 18.2% |
| Agriculture, forestry and fishing value added, % of GDP | 62.7% | 0.9% |
| Charges for the use of intellectual property, payments BoP | N/A | $56.1B |
| Charges for the use of intellectual property, receipts BoP | N/A | $128.7B |
| Expense, % of GDP | 0% | 22.4% |
| Government Expenditure, % of GDP | N/A | 38.1% |
