Croatia vs Libya: Economic Indicators Comparison

Croatia with a GDP of $61B ranked the 76th largest economy in the world, while Libya ranked 86th with $48.4B. By GDP 5-years average growth and GDP per capita, Croatia and Libya ranked 118th vs 144th and 63rd vs 91st, respectively.

Gross Domestic Product & Income

Stat	Croatia	Libya
GDP	$61B	$48.4B
GDP growth, 1 year	2.7%	17.9%
GDP growth, 5-years average	2.3%	1.7%
Population	4.1M	6.7M
GDP per capita	$15k	$7.2k
GDP per capita growth	3.51%	6.37%
Purchasing Power Parity conversion factor	3.39	0.48
Price level ratio of PPP conversion factor GDP to market exchange rate	0.54	0.35
GDP per capita, PPP adjusted	$26k	$11k
GNI, Atlas method	$57.2B	$42.8B
GNI per capita	$14k	$6.4k
GNI, PPP adjusted	$111.1B	$142.5B
GNI per capita, PPP adjusted	$27k	$21k

Financial system and Human development

Stat	Croatia	Libya
Income Tax Rate	40%	10%
Corporate Tax Rate	18%	N/A
Inflation, consumer prices	1.5%	23.1%
Inflation, GDP deflator	1.8%	15.8%
Unemployment	8.9%	17.3%
Economic Freedom Index	62.2	47
Personal Freedom Index	8.08	5.17
Human Freedom Index	7.46	4.98
Property Rights Index	69.9	30.1
Judical Effectiveness Index	39.6	20.8
Business Freedom Index	53.6	40.7
Fiscal Health Index	89.1	N/A
Labor Freedom Index	44	53.9
Investment Freedom Index	75	5
Financial Freedom Index	60	N/A
Trade Freedom Index	86.4	N/A
Monetary Freedom Index	77.6	53.6
Government Spending Index	34.7	0
Tax Burden Index	65.9	N/A
Government Integrity Index	51	18.9
Corruption Perceptions Index	48	17
Life expectancy at birth, years	77.8	72.5
Suicide mortality rate, per 100,000 people	16.5	5.2
Mortality caused by road traffic injury, per 100,000 people	8.1	26.1
Intentional homicides, per 100,000 people	1.1	2.5
International tourism, number of arrivals	16.6M	142k

Government debt & reserves

Stat	Croatia	Libya
Central government debt, % of GDP	73.9%	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	10.8%	35%
Gross savings, % of GDP	24.2%	67.3%
Gross capital formation, % of GDP	23.1%	29.8%
Total reserves including gold	$20B	$85.3B
Foreign direct investment net inflows	$1.3B	$0

Exports, imports and economic structure

Stat	Croatia	Libya
Exports of goods and services, % of GDP	50.5%	62.2%
Imports of goods and services, % of GDP	51.4%	40.1%
Current account balance (balance of payments)	$1.5B	-$4.7B
Revenue excluding grants, % of GDP	39.7%	N/A
Grants excluding technical cooperation, BoP	$260k	$268.9M
Personal remittances received	$2.9B	$16M
Industry including construction value added, % of GDP	20.4%	77.5%
Agriculture, forestry and fishing value added, % of GDP	2.9%	1.8%
Charges for the use of intellectual property, payments BoP	$309.7M	N/A
Charges for the use of intellectual property, receipts BoP	$63.2M	$10M
Expense, % of GDP	38.5%	N/A
Government Expenditure, % of GDP	46.6%	105.8%