The Gambia vs Libya: Economic Indicators Comparison

Libya with a GDP of $48.4B ranked the 86th largest economy in the world, while the Gambia ranked 178th with $1.6B. By GDP 5-years average growth and GDP per capita, Libya and the Gambia ranked 144th vs 80th and 91st vs 183rd, respectively.

Gross Domestic Product & Income

Stat	Gambia	Libya
GDP	$1.6B	$48.4B
GDP growth, 1 year	6.6%	17.9%
GDP growth, 5-years average	3.3%	1.7%
Population	2.1M	6.7M
GDP per capita	$716	$7.2k
GDP per capita growth	3.45%	6.37%
Purchasing Power Parity conversion factor	13.2	0.48
Price level ratio of PPP conversion factor GDP to market exchange rate	0.27	0.35
GDP per capita, PPP adjusted	$2.8k	$11k
GNI, Atlas method	$1.6B	$42.8B
GNI per capita	$710	$6.4k
GNI, PPP adjusted	$5.8B	$142.5B
GNI per capita, PPP adjusted	$2.6k	$21k

Financial system and Human development

Stat	Gambia	Libya
Income Tax Rate	35%	10%
Corporate Tax Rate	32%	N/A
Inflation, consumer prices	6.5%	23.1%
Inflation, GDP deflator	5.2%	15.8%
Unemployment	8.9%	17.3%
Economic Freedom Index	56.3	47
Personal Freedom Index	5.86	5.17
Human Freedom Index	6.52	4.98
Property Rights Index	43.9	30.1
Judical Effectiveness Index	43.4	20.8
Business Freedom Index	53.5	40.7
Fiscal Health Index	25.3	N/A
Labor Freedom Index	67.4	53.9
Investment Freedom Index	65	5
Financial Freedom Index	50	N/A
Trade Freedom Index	64.6	N/A
Monetary Freedom Index	63.3	53.6
Government Spending Index	85.6	0
Tax Burden Index	74.6	N/A
Government Integrity Index	39.2	18.9
Corruption Perceptions Index	37	17
Life expectancy at birth, years	61.4	72.5
Suicide mortality rate, per 100,000 people	5.1	5.2
Mortality caused by road traffic injury, per 100,000 people	29.7	26.1
Intentional homicides, per 100,000 people	9.1	2.5
International tourism, number of arrivals	552k	142k

Government debt & reserves

Stat	Gambia	Libya
Central government debt, % of GDP	83.2%	4.9%
External debt stocks, % of GNI	42.7%	N/A
External debt stocks	$681.4M	N/A
Short-term debt, % of total reserves	9.4%	N/A
Total debt service, % of exports and primary income	16.8%	N/A
Adjusted net savings including particulate emission damage, % of GNI	-12.7%	35%
Gross savings, % of GDP	8.6%	67.3%
Gross capital formation, % of GDP	17%	29.8%
Total reserves including gold	$191.8M	$85.3B
Foreign direct investment net inflows	$33M	$0

Exports, imports and economic structure

Stat	Gambia	Libya
Exports of goods and services, % of GDP	21.9%	62.2%
Imports of goods and services, % of GDP	41.5%	40.1%
Current account balance (balance of payments)	-$78.6M	-$4.7B
Revenue excluding grants, % of GDP	10.1%	N/A
Grants excluding technical cooperation, BoP	$126M	$268.9M
Personal remittances received	$203.6M	$16M
Industry including construction value added, % of GDP	15.6%	77.5%
Agriculture, forestry and fishing value added, % of GDP	19.9%	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	10.7%	N/A
Government Expenditure, % of GDP	21.9%	105.8%