Korea vs Somalia: Value of imported goods as a share of GDP

Korea
33.7%
in 2024
Somalia
33.5%
in 2024
Korea rank
89th
Somalia rank
91st

Value of imported goods as a share of GDP over time

  • Korea
  • Somalia
0204060196019922024

How they compare

Korea currently reports 33.7% against 33.5% in Somalia, a difference of 0.2%.

The two have swapped places 11 times across 62 shared years of data; in 1962 it was Somalia ahead.

Korea ranks 89th and Somalia ranks 91st of 201 countries.

Across the 7 decades both report, Korea averaged higher in 4 and Somalia in 3.

Head to head by decade

Decade Korea Somalia Difference Ahead
1960s 16.3% 15.2% 1.1% Korea
1970s 26.4% 21.2% 5.3% Korea
1980s 26.5% 37.8% 11.3% Somalia
1990s 22.6% 18.2% 4.4% Korea
2000s 28.4% 11.0% 17.4% Korea
2010s 32.4% 35.1% 2.8% Somalia
2020s 33.4% 38.4% 5.0% Somalia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher value of imported goods as a share of gdp, Korea or Somalia?
Korea, at 33.7% against 33.5% in Somalia as of 2024.
What is the difference in value of imported goods as a share of gdp between Korea and Somalia?
0.2%, with Korea ahead.
How many years of comparable data are there for Korea and Somalia?
62 years are reported by both, from 1962 to 2024.
How do Korea and Somalia rank globally for value of imported goods as a share of gdp?
Korea ranks 89th and Somalia ranks 91st of 201 countries.
Where does this data come from?
International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data, published as Value of imported goods as a share of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Korea vs Somalia: Value of imported goods as a share of GDP. Statizoid, drawing on International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data. Retrieved 15 September 2026, from https://economy.statizoid.com/compare/merchandise-imports-as-a-share-of-countrys-gdp/korea-rep/somalia-fed-rep/

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About this data

Indicator
Value of imported goods as a share of GDP
Unit
%
Source
International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
201 places, 10,161 data points, 1960–2024
Last refreshed

Value of a country’s total goods imports, including freight and insurance costs, as a percentage of a country’s gross domestic product (GDP).