Cyprus vs Libya: Economic Indicators Comparison

Libya with a GDP of $48.4B ranked the 86th largest economy in the world, while Cyprus ranked 109th with $25B. By GDP 5-years average growth and GDP per capita, Libya and Cyprus ranked 144th vs 99th and 91st vs 36th, respectively.

Gross Domestic Product & Income

Stat	Cyprus	Libya
GDP	$25B	$48.4B
GDP growth, 1 year	3.9%	17.9%
GDP growth, 5-years average	2.8%	1.7%
Population	1.1M	6.7M
GDP per capita	$28k	$7.2k
GDP per capita growth	2.75%	6.37%
Purchasing Power Parity conversion factor	0.63	0.48
Price level ratio of PPP conversion factor GDP to market exchange rate	0.74	0.35
GDP per capita, PPP adjusted	$40k	$11k
GNI, Atlas method	$24.9B	$42.8B
GNI per capita	$26k	$6.4k
GNI, PPP adjusted	$34.7B	$142.5B
GNI per capita, PPP adjusted	$35k	$21k

Financial system and Human development

Stat	Cyprus	Libya
Income Tax Rate	35%	10%
Corporate Tax Rate	12.5%	N/A
Inflation, consumer prices	0.8%	23.1%
Inflation, GDP deflator	1.4%	15.8%
Unemployment	8.1%	17.3%
Economic Freedom Index	70.1	47
Personal Freedom Index	8.96	5.17
Human Freedom Index	8.39	4.98
Property Rights Index	77.4	30.1
Judical Effectiveness Index	50.5	20.8
Business Freedom Index	76.6	40.7
Fiscal Health Index	80	N/A
Labor Freedom Index	59.7	53.9
Investment Freedom Index	75	5
Financial Freedom Index	60	N/A
Trade Freedom Index	86.4	N/A
Monetary Freedom Index	84.3	53.6
Government Spending Index	58.6	0
Tax Burden Index	74.8	N/A
Government Integrity Index	57.6	18.9
Corruption Perceptions Index	59	17
Life expectancy at birth, years	80.7	72.5
Suicide mortality rate, per 100,000 people	5.3	5.2
Mortality caused by road traffic injury, per 100,000 people	5.1	26.1
Intentional homicides, per 100,000 people	0.6	2.5
International tourism, number of arrivals	3.9M	142k

Government debt & reserves

Stat	Cyprus	Libya
Central government debt, % of GDP	102.5%	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	3.2%	35%
Gross savings, % of GDP	21.8%	67.3%
Gross capital formation, % of GDP	19.1%	29.8%
Total reserves including gold	$924.2M	$85.3B
Foreign direct investment net inflows	$5.2B	$0

Exports, imports and economic structure

Stat	Cyprus	Libya
Exports of goods and services, % of GDP	73.1%	62.2%
Imports of goods and services, % of GDP	72.3%	40.1%
Current account balance (balance of payments)	-$1.1B	-$4.7B
Revenue excluding grants, % of GDP	37.4%	N/A
Grants excluding technical cooperation, BoP	$34.2M	$268.9M
Personal remittances received	$497.8M	$16M
Industry including construction value added, % of GDP	12.2%	77.5%
Agriculture, forestry and fishing value added, % of GDP	2%	1.8%
Charges for the use of intellectual property, payments BoP	$127.2M	N/A
Charges for the use of intellectual property, receipts BoP	$174k	$10M
Expense, % of GDP	35.4%	N/A
Government Expenditure, % of GDP	37.1%	105.8%