As a result, real GDP, which grew 2.9% in 2019, shrank by 1.5% in 2020, mainly because of COVID–19 containment measures such as travel restrictions and supply and value chain disruptions. Current account balance, % of GDP-22.72-18.90-27.02 (e) -41.36. According to the Central Bank of Somalia, sometime in the 2000s the country's GDP per capita according to the World Bank was $230, a slight reduction in real terms from 1990. Read more. GDP and GDP per capita; PDF | CSV Updated: 5-Nov-2020; GVA by kind of economic activity; PDF | CSV Updated: 5-Nov-2020; Education. For rankings regarding wealth, see list of countries by wealth per adult Method. Try our corporate solution for free! 21 068. MORE INFORMATION AND REFERENCES . Top Losers in 2020: Out of 193 economies, gdp (nominal) per capita 164 economies have decreased in 2020 compared to 2019. GDP per capita is gross domestic product divided by midyear population. Despite stronger growth and the improving fiscal position, per capita incomes remain very low and more resources are needed to achieve greater economic resilience and reduce poverty. In 2019, Venezuela’s estimated gross domestic product (GDP) per capita dropped to 2,299 U.S. dollars from 3,404 U.S. dollars the year before. Human capital is a critical determinant of future growth and prosperity. NOTE: 1) The information regarding Somalia on this page is re-published from the 2020 World Fact Book of the United States Central Intelligence Agency and other sources. Agriculture is the most important sector, with livestock normally accounting for about 40% of GDP and more than 50% of export earnings. GDP per Year ★Per-Capita Income: $470 in 2016 $510 in 2019 2.7% per annum Ministry of Planning and International Cooperation 5 3.5% 5.5% ★Natural Population Growth: 2.8% Per Year . No claims are made regarding the … FDI outflows as % of GDP in 2019. In 1990, GDP per capita for Somalia was 127 US dollars. Per capita real GDP of the District of Columbia 2000-2019 U.S. personal consumption expenditure - monthly percentage of change 2020/21 Average annual income in China 2011, by region and residency About 43% of the population lives on less than 1 US dollar a day, with around 24% of those found in urban areas and 54% living in rural areas. Recent macroeconomic and financial developments Somalia was affected by several shocks during 2019 and 2020—drought, floods, locust invasions, and the COVID–19 pandemic. Real GDP growth, y-on-y, % 13.13-4.45. Somalia healthcare spending for was $0, a NAN% decline from . GDP by expenditure in 2018 (as % of total GDP) FDI AND EXTERNAL FINANCIAL RESOURCES-0.3 %. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Download Explore Select columns Select sort order Select pivot column Link to this page . Somalia: No data; Syria: No data . [see ... Somali shillings (SOS) per US dollar - 23,960 (2016 est.) Rep. 530 189 Congo, Dem. Above-ground biomass in forest per hectare. With a decline of more than $40k, the GDP per capita of Macao SAR is down by 50% in 2020. The GDP per Capita in Mali is equivalent to 6 percent of the world's average. The median income is a number that falls in the middle of the nation’s income distribution. (212) 419-8286. hadley.ward@statista.com. Somalia also has several opportunities. 2.700. This statistic shows Slovakia's quarterly gross domestic product (GDP) per capita at current prices from the first quarter of 2014 to the second quarter of 2019. Author and source: Sarah Biddle – Wikimedia Commons. Datasets > World Economic Outlook (April 2019) > Gross Domestic Product (GDP) > GDP per capita, current prices. Somalia healthcare spending for was $0, a NAN% decline from . The Gross Domestic Product per capita in Somalia was last recorded at 187 US dollars in 2010. The GDP per Capita in Singapore is equivalent to 466 percent of the world's average. Estimates of current health expenditures include healthcare goods and services consumed during each year. 3. What country has the highest gdp per capita 2019 Gross domestic product, or GDP, is an index of a country's economic performance within a specific period of time. GDP of Somalia increased from 3.5 billion US dollars in 2011 to 4.92 billion US dollars in 2020 growing at an average annual rate of 3.88%. 99.64 (2015) Absolute annual change in primary energy consumption. Rep. 1,110 190 Central African Republic 520 190 Malawi 1,080 190 Madagascar 520 191 … Latest; About; Donate; All charts; Sustainable Development Goals Tracker ; Coronavirus pandemic: daily updated research and data. GDP per capita of all the top 31 ranked economies declined in 2020. Gross national income per capita 2019, Atlas method and PPP Purchasing Atlas power parity methodology (international Ranking Economy (US dollars) Ranking Economy dollars) 187 Sierra Leone 540 187 Liberia 1,320 188 Afghanistan 530 188 Mozambique 1,310 188 Congo, Dem. The Gross Domestic Product per capita in Singapore was last recorded at 58829.60 US dollars in 2019. Per capita GDP at current prices - US dollars Search glossaries Source: National Accounts Estimates of Main Aggregates | United Nations Statistics Division. Current expenditures on health per capita in current US dollars. The 2012 Human Development Report estimates per capita GDP to be $284, compared with an average across sub-Saharan Africa of $1,300 per capita. According to the Central Bank of Somalia, the country's GDP per capita as of 2012 is $226, a slight reduction in real terms from 1990. Our World in Data. Rapid urbanization, growing use of digital technologies, planned investments in sectors such as energy, ports, education and health can support economic growth and job creation. PPP largely removes the exchange rate problem but not others; it does not reflect the value of economic output in international trade, and it also requires more estimation than GDP per capita. 19 941. Globally, it is estimated that 10 to 30 percent of differences in GDP per capita are attributed to differences in human capital. Though Somalia GDP per capita fluctuated substantially in recent years, it tended to increase through 1971 - 1990 period ending at 127 US dollars in 1990. In 2020, GDP for Somalia was 4.92 billion US dollars. All suggestions for corrections of any errors about GDP - per capita (PPP) should be addressed to the CIA. GDP and Unemployment. On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. Somalia. Based on initial GDP analysis -to be updated as data improves and further data becomes available- Somaliland’s GDP for 2012 is estimated to have been $1.4 billion (current US$ prices)[1], with GDP per capita estimated at $347. Following a prolonged drought, growth was estimated at 2.9% in 2019. No claims are made regarding the accuracy of GDP - per capita (PPP) information contained here. GDP per capita in Mali averaged 538.70 USD from 1967 until 2019, reaching an all time high of 793.50 USD in 2019 and a record low of 340.90 USD in 1967. Please do not hesitate to contact me. Education at the primary, secondary and tertiary levels; PDF | CSV Updated: 5-Nov-2020 Imf.org – International Monetary Fund (2019). In 2019, the gross domestic product (GDP) per capita of Beijing municipality amounted to around 164,200 yuan, up from 153,100 yuan in the previous year. Data source is International Monetary Fund World Economic Outlook (October-2018). Are you interested in testing our corporate solutions? (See List of countries by GDP (PPP) per capita.) Also a country with less than 1 million people, the Islands in the Indian ocean have ranked 181th globally making $773.00 Million in GDP, and about $889 in GDP per capita. Interesting observations about Economy > Debt > External > Per capita Factoid #231 In 2013, over half the Mexican population lived below the poverty line. Avaliable . PDF | CSV Updated: 20-Aug-2019; Population in the capital city, urban and rural areas; PDF | CSV; National accounts. 3.15. Per capita GDP growth can be broken down into a part which is due to growth in labour productivity (GDP per hour worked) and a part which is due to increased labour utilisation (hours worked per capita). GDP (Nominal), GDP (PPP), GDP (Nominal) per capita, GDP (PPP) per capita, GDP Growth and rank in 2019. GDP per capita, current US$ 18 415. GDP per capita in Singapore averaged 25153.83 USD from 1960 until 2019, reaching an all time high of 59073.50 USD in 2018 and a record low of 3503.40 USD in 1960. 2.700. Building human capital depends on a country’s ability to educate its … Labour productivity is a key driver of economic growth and changes in living standards, measured notably by growth in GDP per capita. Saturday August 3, 2019. Dr. Abdirahman Dualeh Beileh, Minister of Finance of the Federal Republic of Somalia MOGADISHU, Aug. 2 (Xinhua) -- The International Monetary Fund (IMF) has said Somalia's gross domestic product (GDP) could remain broadly unchanged at around 2.9 percent in 2019 if normal rains resume later this year. Countries by GDP per capita (2014). 2.700. Articles by topic. [see also: GDP - per capita country ranks] GDP - composition, by end use: household consumption: 72.6% (2015 est.) Taiwan is the richest Among 29 gainers. As of 2019, the estimated average GDP per capita (PPP) of all of the countries of the world is Int$18,381. 5.00 . Population, GDP, life expectancy, birth rate and other key metrics for Somalia. Datasets > World Economic Outlook (April 2019) > Gross Domestic Product (GDP) > GDP per capita, current prices. Die neuesten umfassenden Informationen für - Somalia GDP per capita - einschließlich aktueller Nachrichten, historischer Datentabelle, Charts und mehr. 23 148. In other words, half of the nation’s adult residents have disposable income higher than this number, while the other half has disposable income that falls below this number. NOTE: The information regarding GDP - per capita (PPP) on this page is re-published from the CIA World Factbook 2019. Gyrostat (2016). Exchange rate (/US$) 2.700. ; Syria: No data ; Syria: No data from the CIA World Factbook 2019 2016 est ). 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