GDP$15.7BCURRENT US$Rnk 128 / 186 GDP GROWTH54.3%CURRENT US$Rnk 52 / 186
GDP$8.13BCURRENT US$Rnk 148 / 186 GDP GROWTH0%CURRENT US$Rnk 165 / 186 GDP PC $2,088CURRENT US$Rnk 149 / 186GDP PC GROWTH33.4%CURRENT US$Rnk 59 / 186GDP PC$462CURRENT US$Rnk 183 / 186GDP PC GROWTH0%CURRENT US$Rnk 143 / 186In N/A, Laos did not export any services to Somalia.
Somalia-Laos In N/A, Somalia did not export any products to Laos.
In N/A, Somalia did not export any services to Laos.
Comparison In 2022, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B). That same year, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.
This map shows whether countries import more from Laos or Somalia. Each country is colored based on the difference in imports they receive from Laos and Somalia or the difference in the growth in imports.
In 2022, countries that imported more from Laos than Somalia included Thailand ($3.29B), China ($2.73B), and Vietnam ($978M).
In 2022, countries that imported more from Somalia than Laos included United Arab Emirates ($283M), Oman ($173M), and Bulgaria ($18.5M).
) and Laos () (2022)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 Laos and Somalia. This means that a dot/product with the flag of Laos indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Laos.
) and Somalia () (2019)
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