GDP$8.13BCURRENT US$Rnk 148 / 186 GDP GROWTH0%CURRENT US$Rnk 165 / 186
GDP$18.9BCURRENT US$Rnk 120 / 186 GDP GROWTH53.3%CURRENT US$Rnk 55 / 186 GDP PC $462CURRENT US$Rnk 183 / 186GDP PC GROWTH0%CURRENT US$Rnk 143 / 186GDP PC$6,803CURRENT US$Rnk 94 / 186GDP PC GROWTH60.2%CURRENT US$Rnk 27 / 186In N/A, Somalia did not export any services to Albania.
Albania-Somalia In false, Albania did not export any products to Somalia.
In N/A, Albania did not export any services to Somalia.
Comparison In 2022, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index. That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).
This map shows whether countries import more from Somalia or Albania. Each country is colored based on the difference in imports they receive from Somalia and Albania or the difference in the growth in imports.
In 2022, countries that imported more from Somalia than Albania included United Arab Emirates ($283M), Oman ($173M), and Bahrain ($9M).
In 2022, countries that imported more from Albania than Somalia included Italy ($1.75B), Greece ($421M), and Spain ($309M).
) and Somalia () (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 Somalia and Albania. This means that a dot/product with the flag of Somalia indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Somalia.
) and Albania () (2006)
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