GDP$8.13BCURRENT US$Rnk 148 / 186 GDP GROWTH0%CURRENT US$Rnk 165 / 186
GDP$18.9BCURRENT US$Rnk 119 / 186 GDP GROWTH50.3%CURRENT US$Rnk 59 / 186 GDP PC $462CURRENT US$Rnk 183 / 186GDP PC GROWTH0%CURRENT US$Rnk 143 / 186GDP PC$833CURRENT US$Rnk 174 / 186GDP PC GROWTH13.5%CURRENT US$Rnk 102 / 186In N/A, Somalia did not export any services to Burkina Faso.
Burkina Faso-Somalia In N/A, Burkina Faso did not export any products to Somalia.
In N/A, Burkina Faso 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, Burkina Faso ranked 131 in the Economic Complexity Index (ECI -1.91), and 110 in total exports ($8.2B).
Somalia does not register exports to Burkina Faso.
Burkina Faso does not register exports to Somalia.
) to Burkina Faso () (2021)) to Somalia () (2021)This map shows whether countries import more from Somalia or Burkina Faso. Each country is colored based on the difference in imports they receive from Somalia and Burkina Faso or the difference in the growth in imports.
In 2022, countries that imported more from Somalia than Burkina Faso included Oman ($173M), Bulgaria ($18.5M), and Kuwait ($13.5M).
In 2022, countries that imported more from Burkina Faso than Somalia included Switzerland ($6.08B), Mali ($304M), and United Arab Emirates ($538M).
) and Somalia () (2022)This chart compares trade between Somalia and Burkina Faso by product, considering products traded by both, Somalia and Burkina Faso.
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 Burkina Faso. This means that a dot/product with the flag of Somalia indicates it has a comparative advantage over Burkina Faso. Similarly, a dot/product with the flag of Burkina Faso indicates it has a comparative advantage over Somalia.
) and Burkina Faso () (2021)
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