Brunei vs Libya: Economic Indicators Comparison

Libya with a GDP of $48.4B ranked the 86th largest economy in the world, while Brunei ranked 131st with $13.6B. By GDP 5-years average growth and GDP per capita, Libya and Brunei ranked 144th vs 173rd and 91st vs 32nd, respectively.

Gross Domestic Product & Income

Stat	Brunei	Libya
GDP	$13.6B	$48.4B
GDP growth, 1 year	-0.2%	17.9%
GDP growth, 5-years average	-0.9%	1.7%
Population	429k	6.7M
GDP per capita	$32k	$7.2k
GDP per capita growth	-0.99%	6.37%
Purchasing Power Parity conversion factor	0.53	0.48
Price level ratio of PPP conversion factor GDP to market exchange rate	0.39	0.35
GDP per capita, PPP adjusted	$80k	$11k
GNI, Atlas method	$12.7B	$42.8B
GNI per capita	$30k	$6.4k
GNI, PPP adjusted	$35.3B	$142.5B
GNI per capita, PPP adjusted	$82k	$21k

Financial system and Human development

Stat	Brunei	Libya
Income Tax Rate	0%	10%
Corporate Tax Rate	18.5%	N/A
Inflation, consumer prices	0.1%	23.1%
Inflation, GDP deflator	9.2%	15.8%
Unemployment	9.2%	17.3%
Economic Freedom Index	66.6	47
Personal Freedom Index	6.26	5.17
Human Freedom Index	6.66	4.98
Property Rights Index	69.8	30.1
Judical Effectiveness Index	56.8	20.8
Business Freedom Index	84.1	40.7
Fiscal Health Index	20	N/A
Labor Freedom Index	90.5	53.9
Investment Freedom Index	65	5
Financial Freedom Index	50	N/A
Trade Freedom Index	85	N/A
Monetary Freedom Index	77.1	53.6
Government Spending Index	61.5	0
Tax Burden Index	89.8	N/A
Government Integrity Index	49.6	18.9
Corruption Perceptions Index	63	17
Life expectancy at birth, years	75.6	72.5
Suicide mortality rate, per 100,000 people	4.6	5.2
Mortality caused by road traffic injury, per 100,000 people	8	26.1
Intentional homicides, per 100,000 people	0.5	2.5
International tourism, number of arrivals	278k	142k

Government debt & reserves

Stat	Brunei	Libya
Central government debt, % of GDP	2.5%	4.9%
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	34.6%	35%
Gross savings, % of GDP	54.1%	67.3%
Gross capital formation, % of GDP	41.1%	29.8%
Total reserves including gold	$3.4B	$85.3B
Foreign direct investment net inflows	$511.5M	$0

Exports, imports and economic structure

Stat	Brunei	Libya
Exports of goods and services, % of GDP	51.9%	62.2%
Imports of goods and services, % of GDP	42%	40.1%
Current account balance (balance of payments)	$1.1B	-$4.7B
Revenue excluding grants, % of GDP	N/A	N/A
Grants excluding technical cooperation, BoP	$200k	$268.9M
Personal remittances received	N/A	$16M
Industry including construction value added, % of GDP	63.2%	77.5%
Agriculture, forestry and fishing value added, % of GDP	1%	1.8%
Charges for the use of intellectual property, payments BoP	$19.7M	N/A
Charges for the use of intellectual property, receipts BoP	N/A	$10M
Expense, % of GDP	N/A	N/A
Government Expenditure, % of GDP	35.8%	105.8%