GDP$41.7BCURRENT US$Rnk 96 / 186 GDP GROWTH25.3%CURRENT US$Rnk 110 / 186
GDP$8.13BCURRENT US$Rnk 148 / 186 GDP GROWTH0%CURRENT US$Rnk 165 / 186 GDP PC $6,153CURRENT US$Rnk 102 / 186GDP PC GROWTH9.46%CURRENT US$Rnk 120 / 186GDP PC$462CURRENT US$Rnk 183 / 186GDP PC GROWTH0%CURRENT US$Rnk 143 / 186In N/A, Paraguay did not export any services to Somalia.
Somalia-Paraguay In N/A, Somalia did not export any products to Paraguay.
In N/A, Somalia did not export any services to Paraguay.
Comparison In 2022, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B). That same year, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.
) to Somalia () (2022)) to Paraguay () (2022)This map shows whether countries import more from Paraguay or Somalia. Each country is colored based on the difference in imports they receive from Paraguay and Somalia or the difference in the growth in imports.
In 2022, countries that imported more from Paraguay than Somalia included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).
In 2022, countries that imported more from Somalia than Paraguay included United Arab Emirates ($283M), Oman ($173M), and Bulgaria ($18.5M).
) and Paraguay () (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 Paraguay and Somalia. This means that a dot/product with the flag of Paraguay indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Paraguay.
) and Somalia () (2022)
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