GDP$15.8BCURRENT US$Rnk 133 / 195 GDP GROWTH32.2%CURRENT US$Rnk 109 / 195
GDP$11BCURRENT US$Rnk 148 / 195 GDP GROWTH117%CURRENT US$Rnk 8 / 195 GDP PC $2,067CURRENT US$Rnk 157 / 195GDP PC GROWTH14%CURRENT US$Rnk 123 / 195GDP PC$597CURRENT US$Rnk 191 / 196GDP PC GROWTH51.9%CURRENT US$Rnk 45 / 195In N/A, Laos did not export any services to Somalia.
Somalia-Laos In N/A, Somalia did not export any products to Laos.
In N/A, Somalia did not export any services to Laos.
Comparison In 2023, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B). 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 Laos or Somalia. Each country is colored based on the difference in imports they receive from Laos and Somalia or the difference in the growth in imports.
In 2023, countries that imported more from Laos than Somalia included China ($3.41B), Thailand ($2.99B), and Australia ($367M).
In 2023, countries that imported more from Somalia than Laos included United Arab Emirates ($360M), Saudi Arabia ($283M), and Oman ($180M).
) and Laos () (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 Laos and Somalia. This means that a dot/product with the flag of Laos indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Laos.
) and Somalia () (2019)
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