GDP$4.24BCURRENT US$Rnk 161 / 195 GDP GROWTH33.5%CURRENT US$Rnk 106 / 195
GDP$11BCURRENT US$Rnk 148 / 195 GDP GROWTH117%CURRENT US$Rnk 8 / 195 GDP PC $772CURRENT US$Rnk 184 / 195GDP PC GROWTH8.6%CURRENT US$Rnk 138 / 195GDP PC$597CURRENT US$Rnk 191 / 196GDP PC GROWTH51.9%CURRENT US$Rnk 45 / 195In N/A, Liberia did not export any services to Somalia.
Somalia-Liberia In N/A, Somalia did not export any products to Liberia.
In N/A, Somalia did not export any services to Liberia.
Comparison In 2023, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B). That same year, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index.
Liberia does not register exports to Somalia.
Somalia does not register exports to Liberia. The main products exported from Somalia to Liberia were Malt Extract ($7.59k), Beauty Products ($3.86k), and Toilet Paper ($1.42k).
) to Somalia () (2023)) to Liberia () (2023)This map shows whether countries import more from Liberia or Somalia. Each country is colored based on the difference in imports they receive from Liberia and Somalia or the difference in the growth in imports.
In 2023, countries that imported more from Liberia than Somalia included Switzerland ($708M), United Kingdom ($306M), and France ($197M).
In 2023, countries that imported more from Somalia than Liberia included United Arab Emirates ($360M), Saudi Arabia ($283M), and Oman ($180M).
) and Liberia () (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 Liberia and Somalia. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Liberia.
) and Somalia () (2023)
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