GDP$18.9BCURRENT US$Rnk 120 / 186 GDP GROWTH53.3%CURRENT US$Rnk 55 / 186
GDP$8.13BCURRENT US$Rnk 148 / 186 GDP GROWTH0%CURRENT US$Rnk 165 / 186 GDP PC $6,803CURRENT US$Rnk 94 / 186GDP PC GROWTH60.2%CURRENT US$Rnk 27 / 186GDP PC$462CURRENT US$Rnk 183 / 186GDP PC GROWTH0%CURRENT US$Rnk 143 / 186In N/A, Albania did not export any services to Somalia.
Somalia-Albania In N/A, Somalia did not export any products to Albania.
In N/A, Somalia did not export any services to Albania.
Comparison In 2022, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B). 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 Albania or Somalia. Each country is colored based on the difference in imports they receive from Albania and Somalia or the difference in the growth in imports.
In 2022, countries that imported more from Albania than Somalia included Italy ($1.75B), Greece ($421M), and Spain ($309M).
In 2022, countries that imported more from Somalia than Albania included United Arab Emirates ($283M), Oman ($173M), and Bahrain ($9M).
) and Albania () (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 Albania and Somalia. This means that a dot/product with the flag of Albania indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Albania.
) and Somalia () (2006)
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