GDP$8.13BCURRENT US$Rnk 148 / 186 GDP GROWTH0%CURRENT US$Rnk 165 / 186
GDP$15.7BCURRENT US$Rnk 128 / 186 GDP GROWTH54.3%CURRENT US$Rnk 52 / 186 GDP PC $462CURRENT US$Rnk 183 / 186GDP PC GROWTH0%CURRENT US$Rnk 143 / 186GDP PC$2,088CURRENT US$Rnk 149 / 186GDP PC GROWTH33.4%CURRENT US$Rnk 59 / 186In N/A, Somalia did not export any services to Laos.
Laos-Somalia In false, Laos did not export any products to Somalia.
In N/A, Laos 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, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B).
This map shows whether countries import more from Somalia or Laos. Each country is colored based on the difference in imports they receive from Somalia and Laos or the difference in the growth in imports.
In 2022, countries that imported more from Somalia than Laos included United Arab Emirates ($283M), Oman ($173M), and Bulgaria ($18.5M).
In 2022, countries that imported more from Laos than Somalia included Thailand ($3.29B), China ($2.73B), and Vietnam ($978M).
) 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 Laos. This means that a dot/product with the flag of Somalia indicates it has a comparative advantage over Laos. Similarly, a dot/product with the flag of Laos indicates it has a comparative advantage over Somalia.
) and Laos () (2019)
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