GDP$251BCURRENT US$Rnk 52 / 195 GDP GROWTH6.91%CURRENT US$Rnk 164 / 195
GDP$11BCURRENT US$Rnk 148 / 195 GDP GROWTH117%CURRENT US$Rnk 8 / 195 GDP PC $5,565CURRENT US$Rnk 118 / 195GDP PC GROWTH-16.3%CURRENT US$Rnk 174 / 195GDP PC$597CURRENT US$Rnk 191 / 196GDP PC GROWTH51.9%CURRENT US$Rnk 45 / 195In N/A, Iraq did not export any services to Somalia.
Somalia-Iraq In N/A, Somalia did not export any products to Iraq.
In N/A, Somalia did not export any services to Iraq.
Comparison In 2023, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B). 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 Iraq or Somalia. Each country is colored based on the difference in imports they receive from Iraq and Somalia or the difference in the growth in imports.
In 2023, countries that imported more from Iraq than Somalia included China ($35.5B), India ($29.8B), and United States ($8.92B).
In 2023, countries that imported more from Somalia than Iraq included Saudi Arabia ($283M), Djibouti ($84.2M), and Macau ($19.9M).
) and Iraq () (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 Iraq and Somalia. This means that a dot/product with the flag of Iraq indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Iraq.
) and Somalia () (2014)
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