GDP$19.7BCURRENT US$Rnk 123 / 195 GDP GROWTH57.2%CURRENT US$Rnk 59 / 195
GDP$11BCURRENT US$Rnk 148 / 195 GDP GROWTH117%CURRENT US$Rnk 8 / 195 GDP PC $1,394CURRENT US$Rnk 168 / 195GDP PC GROWTH19.3%CURRENT US$Rnk 104 / 195GDP PC$597CURRENT US$Rnk 191 / 196GDP PC GROWTH51.9%CURRENT US$Rnk 45 / 195In N/A, Benin did not export any services to Somalia.
Somalia-Benin In N/A, Somalia did not export any products to Benin.
In N/A, Somalia did not export any services to Benin.
Comparison In 2023, Benin ranked 83 in the Economic Complexity Index (ECI -0.43), and 146 in total exports ($1.93B). 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 Benin or Somalia. Each country is colored based on the difference in imports they receive from Benin and Somalia or the difference in the growth in imports.
In 2023, countries that imported more from Benin than Somalia included United Arab Emirates ($803M), Bangladesh ($391M), and India ($216M).
In 2023, countries that imported more from Somalia than Benin included Saudi Arabia ($283M), Oman ($180M), and Djibouti ($84.2M).
) and Benin () (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 Benin and Somalia. This means that a dot/product with the flag of Benin indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Benin.
) and Somalia () (2021)
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