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Economy of Somalia vs Vatican compared: GDP & Debt

Updated on by Georank team

Somalia has a GDP of $12B compared to $19.8M for the Vatican, ranking 150/197 and 197/197 by economy size, respectively.

Somalia vs Vatican GDP by year

Somalia
Vatican
1x
Year GDP, current $
Somalia Vatican
2024 $11,967,000,000 -
2023 $10,958,000,000 -
2022 $10,203,000,000 -
2021 $9,483,000,000 -
2020 $8,628,000,000 -
2019 $8,656,000,000 -
2018 $7,873,000,000 -
2017 $7,621,501,710 -
2016 $6,613,743,070 -
2015 $6,152,149,100 -
2014 $5,728,399,720 -
2013 $5,062,881,600 -
2012 $4,364,670,160 -
2011 $2,906,000,097 -
2010 $2,687,807,004 -
2009 $2,948,594,552 -
2008 $5,913,620,293 -
2007 $5,430,713,729 -
2006 $5,026,743,282 -
2005 $4,683,246,454 -
2004 $3,859,592,813 -
2003 $2,836,724,352 -
2002 $2,192,684,135 -
2001 $2,252,847,465 -
2000 $3,412,797,450 -
1999 $3,045,751,528 -
1998 $2,962,047,564 -
1997 $2,191,749,014 -
1996 $1,792,234,297 -
1995 $1,534,756,135 -
1994 $1,481,205,098 -
1993 $1,260,132,956 -
1992 $709,297,579 -
1991 $717,974,930 -
1990 $1,031,282,081 -
1989 $1,181,360,844 -
1988 $1,051,596,967 -
1987 $1,018,972,664 -
1986 $916,590,786 -
1985 $875,702,247 -
1984 $787,434,542 -
1983 $735,408,642 -
1982 $774,578,932 -
1981 $699,302,473 -
1980 $602,515,548 -
1979 $589,566,929 -
1978 $564,571,823 -
1977 $498,550,725 -
1976 $871,344,245 -
1975 $757,015,879 -
1974 $572,504,036 -
1973 $483,699,611 -
1972 $447,883,941 -
1971 $347,039,446 -
1970 $347,985,394 -
1969 $306,357,285 -
1968 $286,719,885 -
1967 $271,781,887 -
1966 $257,375,897 -
1965 $243,725,898 -
1964 $229,529,913 -
1963 $216,145,936 -
1962 $203,531,928 -
1961 $191,659,914 -
1960 $180,459,937 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/somalia/vatican | CC BY

Economic indicators

Somalia Vatican
Gross domestic product
$12B
2024
$19.8M
2025
GDP rank
150/197
2024
197/197
2025
GDP growth
4.11%
2023-2024
n/a
GDP per capita
$630
2024
$19,800
2025
GDP per capita rank
192/197
2024
59/197
2025
GDP per capita, PPP
$1,602
2024
$39,191
2025
GDP per capita PPP rank
194/197
2024
59/197
2025
Average annual personal income after taxes
$1,885
2026
$18,169
2026
Government expenditure, % of GDP
13%
2025
n/a
Consumer prices inflation
5.5%
2023-2024
n/a
Unemployment rate
11.1%
2022
n/a
Population
20503678
936

Balance of trade

Somalia Vatican
Imports of goods and services, % of GDP
99.1%
2024
n/a
Exports of goods and services, % of GDP
31.2%
2024
n/a

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Somalia Vatican
Economic freedom 29 65
Economic freedom ranking 193/197 69/197
Property rights 0.8 n/a
Government integrity 9.6 n/a
Judicial effectiveness 1.7 n/a
Tax burden 99.9 n/a
Fiscal health 0 n/a
Business freedom 25.9 n/a
Labor freedom 26.8 n/a

Other economic metrics

Somalia Vatican
Industry, % of GDP
9.66%
1986
n/a
Agriculture, forestry, and fishing, % of GDP
55.8%
1990
n/a
GNI, Atlas method
$11.7B
2024
n/a
GNI per capita, PPP
$1,630
2024
n/a
Total reserves including gold
$23.1M
1989
n/a
Total reserves ranking
177/177
1989
n/a
Net inflows of foreign direct investment
$765M
2024
n/a
Net outflows of foreign direct investment
$0
2024
n/a
Servicing debt to the IMF, % of GNI
0.13%
2024
n/a
Poverty at national poverty lines
55.4%
2022
n/a
Gross capital formation, % of GDP
26.7%
2024
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/somalia/vatican | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. The Heritage Foundation | Economic Freedom Index (2017–2026, retrieved 2026-03-09)
  4. Central Intelligence Agency (CIA) (2019–2025, retrieved 2026-02-20)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. International Monetary Fund (IMF) | World Economic Outlook (2024, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.