GDP$77.2BCURRENT US$Rnk 81 / 195 GDP GROWTH25.9%CURRENT US$Rnk 122 / 195
GDP$11BCURRENT US$Rnk 148 / 195 GDP GROWTH117%CURRENT US$Rnk 8 / 195 GDP PC $22,798CURRENT US$Rnk 54 / 195GDP PC GROWTH24.3%CURRENT US$Rnk 90 / 195GDP PC$597CURRENT US$Rnk 191 / 196GDP PC GROWTH51.9%CURRENT US$Rnk 45 / 195In N/A, Uruguay did not export any services to Somalia.
Somalia-Uruguay In N/A, Somalia did not export any products to Uruguay.
In N/A, Somalia did not export any services to Uruguay.
Comparison In 2023, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B). 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 Uruguay or Somalia. Each country is colored based on the difference in imports they receive from Uruguay and Somalia or the difference in the growth in imports.
In 2023, countries that imported more from Uruguay than Somalia included China ($2.34B), Brazil ($1.92B), and United States ($880M).
In 2023, countries that imported more from Somalia than Uruguay included United Arab Emirates ($360M), Saudi Arabia ($283M), and Oman ($180M).
) and Uruguay () (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 Uruguay and Somalia. This means that a dot/product with the flag of Uruguay indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Uruguay.
) and Somalia () (2022)
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