GDP$11BCURRENT US$Rnk 148 / 195 GDP GROWTH117%CURRENT US$Rnk 8 / 195
GDP$336BCURRENT US$Rnk 46 / 195 GDP GROWTH21%CURRENT US$Rnk 139 / 195 GDP PC $597CURRENT US$Rnk 191 / 195GDP PC GROWTH51.9%CURRENT US$Rnk 45 / 195GDP PC$17,068CURRENT US$Rnk 68 / 196GDP PC GROWTH8.83%CURRENT US$Rnk 137 / 195In N/A, Somalia did not export any services to Chile.
Chile-Somalia In N/A, Chile did not export any products to Somalia.
In N/A, Chile 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, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B).
This map shows whether countries import more from Somalia or Chile. Each country is colored based on the difference in imports they receive from Somalia and Chile or the difference in the growth in imports.
In 2023, countries that imported more from Somalia than Chile included Saudi Arabia ($283M), Oman ($180M), and United Arab Emirates ($360M).
In 2023, countries that imported more from Chile than Somalia included China ($38.2B), United States ($15.7B), and Japan ($7.1B).
) and Somalia () (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 Somalia and Chile. This means that a dot/product with the flag of Somalia indicates it has a comparative advantage over Chile. Similarly, a dot/product with the flag of Chile indicates it has a comparative advantage over Somalia.
) and Chile () (2023)
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