Algeria vs Libya: Economic Indicators Comparison

Algeria with a GDP of $173.8B ranked the 56th largest economy in the world, while Libya ranked 86th with $48.4B. By GDP 5-years average growth and GDP per capita, Algeria and Libya ranked 100th vs 144th and 119th vs 91st, respectively.

Gross Domestic Product & Income

Stat	Algeria	Libya
GDP	$173.8B	$48.4B
GDP growth, 1 year	2.1%	17.9%
GDP growth, 5-years average	2.8%	1.7%
Population	41.3M	6.7M
GDP per capita	$4.1k	$7.2k
GDP per capita growth	-0.62%	6.37%
Purchasing Power Parity conversion factor	30.99	0.48
Price level ratio of PPP conversion factor GDP to market exchange rate	0.27	0.35
GDP per capita, PPP adjusted	$15k	$11k
GNI, Atlas method	$162.3B	$42.8B
GNI per capita	$3.9k	$6.4k
GNI, PPP adjusted	$619.7B	$142.5B
GNI per capita, PPP adjusted	$15k	$21k

Financial system and Human development

Stat	Algeria	Libya
Income Tax Rate	35%	10%
Corporate Tax Rate	23%	N/A
Inflation, consumer prices	4.3%	23.1%
Inflation, GDP deflator	7.6%	15.8%
Unemployment	12.2%	17.3%
Economic Freedom Index	46.9	47
Personal Freedom Index	5.35	5.17
Human Freedom Index	5.29	4.98
Property Rights Index	37.9	30.1
Judical Effectiveness Index	35	20.8
Business Freedom Index	63	40.7
Fiscal Health Index	17.3	N/A
Labor Freedom Index	50.5	53.9
Investment Freedom Index	30	5
Financial Freedom Index	30	N/A
Trade Freedom Index	66.2	N/A
Monetary Freedom Index	76.2	53.6
Government Spending Index	52.6	0
Tax Burden Index	75.4	N/A
Government Integrity Index	28.3	18.9
Corruption Perceptions Index	35	17
Life expectancy at birth, years	76.5	72.5
Suicide mortality rate, per 100,000 people	3.2	5.2
Mortality caused by road traffic injury, per 100,000 people	23.8	26.1
Intentional homicides, per 100,000 people	1.4	2.5
International tourism, number of arrivals	2.7M	142k

Government debt & reserves

Stat	Algeria	Libya
Central government debt, % of GDP	36.9%	4.9%
External debt stocks, % of GNI	3.2%	N/A
External debt stocks	$5.7B	N/A
Short-term debt, % of total reserves	2.7%	N/A
Total debt service, % of exports and primary income	0.5%	N/A
Adjusted net savings including particulate emission damage, % of GNI	21.2%	35%
Gross savings, % of GDP	37.8%	67.3%
Gross capital formation, % of GDP	47.1%	29.8%
Total reserves including gold	$87.4B	$85.3B
Foreign direct investment net inflows	$1.5B	$0

Exports, imports and economic structure

Stat	Algeria	Libya
Exports of goods and services, % of GDP	25.6%	62.2%
Imports of goods and services, % of GDP	32.3%	40.1%
Current account balance (balance of payments)	-$22.1B	-$4.7B
Revenue excluding grants, % of GDP	N/A	N/A
Grants excluding technical cooperation, BoP	$79.5M	$268.9M
Personal remittances received	$1.8B	$16M
Industry including construction value added, % of GDP	39.6%	77.5%
Agriculture, forestry and fishing value added, % of GDP	12%	1.8%
Charges for the use of intellectual property, payments BoP	$147.1M	N/A
Charges for the use of intellectual property, receipts BoP	$138k	$10M
Expense, % of GDP	N/A	N/A
Government Expenditure, % of GDP	39.8%	105.8%