Armenia vs Libya: Economic Indicators Comparison

Libya with a GDP of $48.4B ranked the 86th largest economy in the world, while Armenia ranked 136th with $12.4B. By GDP 5-years average growth and GDP per capita, Libya and Armenia ranked 144th vs 56th and 91st vs 115th, respectively.

Gross Domestic Product & Income

Stat	Armenia	Libya
GDP	$12.4B	$48.4B
GDP growth, 1 year	5%	17.9%
GDP growth, 5-years average	3.9%	1.7%
Population	2.9M	6.7M
GDP per capita	$4.2k	$7.2k
GDP per capita growth	4.95%	6.37%
Purchasing Power Parity conversion factor	196.69	0.48
Price level ratio of PPP conversion factor GDP to market exchange rate	0.41	0.35
GDP per capita, PPP adjusted	$10k	$11k
GNI, Atlas method	$12.5B	$42.8B
GNI per capita	$4.2k	$6.4k
GNI, PPP adjusted	$30.9B	$142.5B
GNI per capita, PPP adjusted	$10k	$21k

Financial system and Human development

Stat	Armenia	Libya
Income Tax Rate	26%	10%
Corporate Tax Rate	20%	N/A
Inflation, consumer prices	2.5%	23.1%
Inflation, GDP deflator	2.6%	15.8%
Unemployment	17.7%	17.3%
Economic Freedom Index	70.6	47
Personal Freedom Index	7.21	5.17
Human Freedom Index	7.42	4.98
Property Rights Index	60.7	30.1
Judical Effectiveness Index	54.1	20.8
Business Freedom Index	81	40.7
Fiscal Health Index	68.8	N/A
Labor Freedom Index	72.5	53.9
Investment Freedom Index	75	5
Financial Freedom Index	70	N/A
Trade Freedom Index	80.6	N/A
Monetary Freedom Index	76	53.6
Government Spending Index	80.6	0
Tax Burden Index	84.9	N/A
Government Integrity Index	43.4	18.9
Corruption Perceptions Index	35	17
Life expectancy at birth, years	74.8	72.5
Suicide mortality rate, per 100,000 people	6.6	5.2
Mortality caused by road traffic injury, per 100,000 people	17.1	26.1
Intentional homicides, per 100,000 people	2.4	2.5
International tourism, number of arrivals	1.7M	142k

Government debt & reserves

Stat	Armenia	Libya
Central government debt, % of GDP	48.5%	4.9%
External debt stocks, % of GNI	87.5%	N/A
External debt stocks	$11B	N/A
Short-term debt, % of total reserves	50.2%	N/A
Total debt service, % of exports and primary income	29.9%	N/A
Adjusted net savings including particulate emission damage, % of GNI	1.5%	35%
Gross savings, % of GDP	13.6%	67.3%
Gross capital formation, % of GDP	22.4%	29.8%
Total reserves including gold	$2.3B	$85.3B
Foreign direct investment net inflows	$254.1M	$0

Exports, imports and economic structure

Stat	Armenia	Libya
Exports of goods and services, % of GDP	37.8%	62.2%
Imports of goods and services, % of GDP	53.5%	40.1%
Current account balance (balance of payments)	-$1.2B	-$4.7B
Revenue excluding grants, % of GDP	22.5%	N/A
Grants excluding technical cooperation, BoP	$111.9M	$268.9M
Personal remittances received	$1.5B	$16M
Industry including construction value added, % of GDP	25%	77.5%
Agriculture, forestry and fishing value added, % of GDP	13.7%	1.8%
Charges for the use of intellectual property, payments BoP	N/A	N/A
Charges for the use of intellectual property, receipts BoP	N/A	$10M
Expense, % of GDP	22.1%	N/A
Government Expenditure, % of GDP	25.4%	105.8%