GDP$23.5BCURRENT US$Rnk 115 / 195 GDP GROWTH84.3%CURRENT US$Rnk 29 / 195
GDP$11BCURRENT US$Rnk 148 / 195 GDP GROWTH117%CURRENT US$Rnk 8 / 195 GDP PC $8,575CURRENT US$Rnk 93 / 195GDP PC GROWTH94.3%CURRENT US$Rnk 10 / 195GDP PC$597CURRENT US$Rnk 191 / 196GDP PC GROWTH51.9%CURRENT US$Rnk 45 / 195In N/A, Albania did not export any services to Somalia.
Somalia-Albania In N/A, Somalia did not export any products to Albania.
In N/A, Somalia did not export any services to Albania.
Comparison In 2023, Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B). That same year, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index.
This map shows whether countries import more from Albania or Somalia. Each country is colored based on the difference in imports they receive from Albania and Somalia or the difference in the growth in imports.
In 2023, countries that imported more from Albania than Somalia included Italy ($1.72B), Greece ($409M), and Germany ($234M).
In 2023, countries that imported more from Somalia than Albania included United Arab Emirates ($360M), Saudi Arabia ($283M), and Oman ($180M).
) and Albania () (2023)We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.
This visualization shows the product space at the HS4 level with the flags of Albania and Somalia. This means that a dot/product with the flag of Albania indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Albania.
) and Somalia () (2006)
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