GDP$43BCURRENT US$Rnk 98 / 195 GDP GROWTH11.6%CURRENT US$Rnk 152 / 195
GDP$11BCURRENT US$Rnk 148 / 195 GDP GROWTH117%CURRENT US$Rnk 8 / 195 GDP PC $6,276CURRENT US$Rnk 111 / 195GDP PC GROWTH-2.48%CURRENT US$Rnk 157 / 195GDP PC$597CURRENT US$Rnk 191 / 196GDP PC GROWTH51.9%CURRENT US$Rnk 45 / 195In N/A, Paraguay did not export any services to Somalia.
Somalia-Paraguay In N/A, Somalia did not export any products to Paraguay.
In N/A, Somalia did not export any services to Paraguay.
Comparison In 2023, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B). That same year, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index.
) to Somalia () (2023)) to Paraguay () (2023)This map shows whether countries import more from Paraguay or Somalia. Each country is colored based on the difference in imports they receive from Paraguay and Somalia or the difference in the growth in imports.
In 2023, countries that imported more from Paraguay than Somalia included Argentina ($4B), Brazil ($3B), and Chile ($1.26B).
In 2023, countries that imported more from Somalia than Paraguay included Saudi Arabia ($283M), United Arab Emirates ($360M), and Oman ($180M).
) and Paraguay () (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 Paraguay and Somalia. This means that a dot/product with the flag of Paraguay indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Paraguay.
) and Somalia () (2023)
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