Somalia vs Venezuela: Economic Indicators Comparison
Gross Domestic Product & Income
| Stat |  Somalia |  Venezuela |
|---|---|---|
| GDP | $4.7B | $482.4B |
| GDP growth, 1 year | 3.1% | -18% |
| GDP growth, 5-years average | 2.9% | -12.2% |
| Population | 11M | 28.5M |
| GDP per capita | $315 | $16k |
| GDP per capita growth | -2.74% | -18.17% |
| Purchasing Power Parity conversion factor | 11427.68 | 5.57 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | N/A | 0.89 |
| GDP per capita, PPP adjusted | $500 | $8.8k |
| GNI, Atlas method | $959.2M | $392.9B |
| GNI per capita | $130 | $13k |
| GNI, PPP adjusted | N/A | $352.8B |
| GNI per capita, PPP adjusted | N/A | $12k |
Financial system and Human development
| Stat | Somalia | Venezuela |
|---|---|---|
| Income Tax Rate | N/A | 34% |
| Corporate Tax Rate | N/A | 34% |
| Inflation, consumer prices | 1.5% | 929789.5% |
| Inflation, GDP deflator | 215.5% | 748.1% |
| Unemployment | 14% | 8.4% |
| Economic Freedom Index | 29 | 25.2 |
| Personal Freedom Index | 3.6 | 6.33 |
| Human Freedom Index | 3.4 | 5.27 |
| Property Rights Index | 20.1 | 10.1 |
| Judical Effectiveness Index | 26.5 | 12.6 |
| Business Freedom Index | 31.6 | 30.8 |
| Fiscal Health Index | N/A | 0 |
| Labor Freedom Index | N/A | 27.7 |
| Investment Freedom Index | N/A | 0 |
| Financial Freedom Index | N/A | 10 |
| Trade Freedom Index | N/A | 58 |
| Monetary Freedom Index | N/A | 0 |
| Government Spending Index | N/A | 66.3 |
| Tax Burden Index | N/A | 72.8 |
| Government Integrity Index | 13.1 | 14.6 |
| Corruption Perceptions Index | 10 | 18 |
| Life expectancy at birth, years | 56.7 | 72.2 |
| Suicide mortality rate, per 100,000 people | 4.7 | 3.7 |
| Mortality caused by road traffic injury, per 100,000 people | 27.1 | 33.7 |
| Intentional homicides, per 100,000 people | 4.3 | 56.3 |
| International tourism, number of arrivals | N/A | 427k |
Government debt & reserves
| Stat | Somalia | Venezuela |
|---|---|---|
| Central government debt, % of GDP | N/A | 175.6% |
| External debt stocks, % of GNI | 39.4% | 33.9% |
| External debt stocks | $2.9B | $154.9B |
| Short-term debt, % of total reserves | 847.9% | 421.1% |
| Total debt service, % of exports and primary income | 47.6% | 69% |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | 7.2% |
| Gross savings, % of GDP | N/A | 8.9% |
| Gross capital formation, % of GDP | 15.5% | -3.7% |
| Total reserves including gold | $23.1M | $9.8B |
| Foreign direct investment net inflows | $409M | $956M |
Exports, imports and economic structure
| Stat | Somalia | Venezuela |
|---|---|---|
| Exports of goods and services, % of GDP | 25.9% | 30.7% |
| Imports of goods and services, % of GDP | 99.6% | 36.4% |
| Current account balance (balance of payments) | N/A | -$3.9B |
| Revenue excluding grants, % of GDP | 0% | N/A |
| Grants excluding technical cooperation, BoP | $1.5B | $125.8M |
| Personal remittances received | $21.7M | $297.1M |
| Industry including construction value added, % of GDP | 9.5% | 37.2% |
| Agriculture, forestry and fishing value added, % of GDP | 62.7% | 5% |
| Charges for the use of intellectual property, payments BoP | N/A | $258M |
| 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 | 33.5% |
