GDP$11BCURRENT US$Rnk 148 / 195 GDP GROWTH117%CURRENT US$Rnk 8 / 195
GDP$20.3BCURRENT US$Rnk 121 / 195 GDP GROWTH51.2%CURRENT US$Rnk 72 / 195 GDP PC $597CURRENT US$Rnk 191 / 195GDP PC GROWTH51.9%CURRENT US$Rnk 45 / 195GDP PC$883CURRENT US$Rnk 182 / 196GDP PC GROWTH16.2%CURRENT US$Rnk 115 / 195In 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 2023, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index. That same year, Burkina Faso ranked 124 in the Economic Complexity Index (ECI -1.36), and 111 in total exports ($8.35B).
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 2023, countries that imported more from Somalia than Burkina Faso included Saudi Arabia ($283M), Oman ($180M), and Djibouti ($84.2M).
In 2023, countries that imported more from Burkina Faso than Somalia included Switzerland ($6B), United Arab Emirates ($815M), and Mali ($268M).
) and Somalia () (2023)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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