2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP
$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH
117%CURRENT US$
Rnk 8 / 195
2023
Flag
GDP PC 
$3,686CURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP PC GROWTH
28.4%CURRENT US$
Rnk 82 / 195
2023
Flag
GDP PC
$597CURRENT US$
Rnk 191 / 196
2013-2023
Flag
GDP PC GROWTH
51.9%CURRENT US$
Rnk 45 / 195

About

In N/A, Bolivia did not export any services to Somalia.

Somalia-Bolivia In N/A, Somalia did not export any products to Bolivia.

In N/A, Somalia did not export any services to Bolivia.

Comparison In 2023,  Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85),  and 103 in total exports ($10.6B). That same year, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

Bolivia does not register exports to Somalia.

Somalia does not register exports to Bolivia.

Exports from Bolivia (Flag) to Somalia (Flag) (2019)

Exports from Somalia (Flag) to Bolivia (Flag) (2019)

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
Somalia
Top Destination
United Arab Emirates$360M

This map shows whether countries import more from Bolivia or Somalia. Each country is colored based on the difference in imports they receive from Bolivia and Somalia or the difference in the growth in imports.

In 2023, countries that imported more from Bolivia than Somalia included Brazil ($1.54B), India ($1.33B), and China ($1.21B).

In 2023, countries that imported more from Somalia than Bolivia included Saudi Arabia ($283M), Oman ($180M), and Djibouti ($84.2M).

Difference in imports from Somalia (Flag) and Bolivia (Flag) (2023)

Comparative Advantage Bolivia - Somalia

Flow
Scale

This chart compares trade between Bolivia and Somalia by product, considering products traded by both, Bolivia and Somalia.

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Somalia+$2.21kPetroleum Gas
Top Product Potential Somalia Bolivia+$1.04kGold

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.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Bolivia and Somalia. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Bolivia.

Product Space of Bolivia (Flag) and Somalia (Flag) (2019)

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