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

StatSomaliaUnited States
GDP$4.7B$20.5T
GDP growth, 1 year3.1%2.9%
GDP growth, 5-years average2.9%2.4%
Population11M325.1M
GDP per capita$315$63k
GDP per capita growth-2.74%2.29%
Purchasing Power Parity conversion factor11427.681
Price level ratio of PPP conversion factor GDP to market exchange rateN/A1
GDP per capita, PPP adjusted$500$63k
GNI, Atlas method$959.2M$20.6T
GNI per capita$130$63k
GNI, PPP adjustedN/A$20.8T
GNI per capita, PPP adjustedN/A$64k

Financial system and Human development

StatSomaliaUnited States
Income Tax RateN/A37%
Corporate Tax RateN/A21%
Inflation, consumer prices1.5%2.4%
Inflation, GDP deflator215.5%2.4%
Unemployment14%3.9%
Economic Freedom Index2976.6
Personal Freedom Index3.68.55
Human Freedom Index3.48.39
Property Rights Index20.181.8
Judical Effectiveness Index26.583.7
Business Freedom Index31.683.3
Fiscal Health IndexN/A54.3
Labor Freedom IndexN/A87.9
Investment Freedom IndexN/A85
Financial Freedom IndexN/A80
Trade Freedom IndexN/A79.8
Monetary Freedom IndexN/A75.5
Government Spending IndexN/A56.5
Tax Burden IndexN/A74.6
Government Integrity Index13.177.2
Corruption Perceptions Index1071
Life expectancy at birth, years56.778.5
Suicide mortality rate, per 100,000 people4.715.3
Mortality caused by road traffic injury, per 100,000 people27.112.4
Intentional homicides, per 100,000 people4.35.3
International tourism, number of arrivalsN/A79.7M

Government debt & reserves

StatSomaliaUnited States
Central government debt, % of GDPN/A105.8%
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/A6.1%
Gross savings, % of GDPN/A18.6%
Gross capital formation, % of GDP15.5%21%
Total reserves including gold$23.1M$449.9B
Foreign direct investment net inflows$409M$258.4B

Exports, imports and economic structure

StatSomaliaUnited States
Exports of goods and services, % of GDP25.9%12.2%
Imports of goods and services, % of GDP99.6%15.3%
Current account balance (balance of payments)N/A-$491B
Revenue excluding grants, % of GDP0%17.2%
Grants excluding technical cooperation, BoP$1.5BN/A
Personal remittances received$21.7M$6.7B
Industry including construction value added, % of GDP9.5%18.2%
Agriculture, forestry and fishing value added, % of GDP62.7%0.9%
Charges for the use of intellectual property, payments BoPN/A$56.1B
Charges for the use of intellectual property, receipts BoPN/A$128.7B
Expense, % of GDP0%22.4%
Government Expenditure, % of GDPN/A38.1%

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

United States vs

CountryGDP
per capita
Population
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k