GDP$11BCURRENT US$Rnk 148 / 195 GDP GROWTH117%CURRENT US$Rnk 8 / 195
GDP$23.5BCURRENT US$Rnk 115 / 195 GDP GROWTH84.3%CURRENT US$Rnk 29 / 195 GDP PC $597CURRENT US$Rnk 191 / 195GDP PC GROWTH51.9%CURRENT US$Rnk 45 / 195GDP PC$8,575CURRENT US$Rnk 93 / 196GDP PC GROWTH94.3%CURRENT US$Rnk 10 / 195In N/A, Somalia did not export any services to Albania.
Albania-Somalia In false, Albania did not export any products to Somalia.
In N/A, Albania did not export any services to Somalia.
Comparison In 2023, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index. That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B).
This map shows whether countries import more from Somalia or Albania. Each country is colored based on the difference in imports they receive from Somalia and Albania or the difference in the growth in imports.
In 2023, countries that imported more from Somalia than Albania included United Arab Emirates ($360M), Saudi Arabia ($283M), and Oman ($180M).
In 2023, countries that imported more from Albania than Somalia included Italy ($1.72B), Greece ($409M), and Germany ($234M).
) and Somalia () (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 Somalia and Albania. This means that a dot/product with the flag of Somalia indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Somalia.
) and Albania () (2006)
Tariffs Simulator (BETA)
Chat OEC
Company Explorer
Tree map
Stacked
Network
Map
Scatter
