GDP$104BCURRENT US$Rnk 68 / 195 GDP GROWTH97.1%CURRENT US$Rnk 16 / 195
GDP$11BCURRENT US$Rnk 148 / 195 GDP GROWTH117%CURRENT US$Rnk 8 / 195 GDP PC $5,763CURRENT US$Rnk 117 / 195GDP PC GROWTH67.3%CURRENT US$Rnk 27 / 195GDP PC$597CURRENT US$Rnk 191 / 196GDP PC GROWTH51.9%CURRENT US$Rnk 45 / 195In N/A, Guatemala did not export any services to Somalia.
Somalia-Guatemala In N/A, Somalia did not export any products to Guatemala.
In N/A, Somalia did not export any services to Guatemala.
Comparison In 2023, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B). 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 Guatemala or Somalia. Each country is colored based on the difference in imports they receive from Guatemala and Somalia or the difference in the growth in imports.
In 2023, countries that imported more from Guatemala than Somalia included United States ($5.16B), El Salvador ($1.73B), and Honduras ($1.42B).
In 2023, countries that imported more from Somalia than Guatemala included United Arab Emirates ($360M), Oman ($180M), and Saudi Arabia ($283M).
) and Guatemala () (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 Guatemala and Somalia. This means that a dot/product with the flag of Guatemala indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Guatemala.
) and Somalia () (2022)
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