Grenada vs Libya: Economic Indicators Comparison

Libya with a GDP of $48.4B ranked the 86th largest economy in the world, while Grenada ranked 183rd with $1.2B. By GDP per capita, Libya and Grenada ranked 91st vs 70th, respectively.

Gross Domestic Product & Income

Stat	Grenada	Libya
GDP	$1.2B	$48.4B
GDP growth, 1 year	4.18%	17.9%
GDP growth, 5-years average	N/A	1.7%
Population	108k	6.7M
GDP per capita	$11k	$7.2k
GDP per capita growth	3.64%	6.37%
Purchasing Power Parity conversion factor	1.85	0.48
Price level ratio of PPP conversion factor GDP to market exchange rate	0.68	0.35
GDP per capita, PPP adjusted	$16k	$11k
GNI, Atlas method	$1.1B	$42.8B
GNI per capita	$9.7k	$6.4k
GNI, PPP adjusted	$1.6B	$142.5B
GNI per capita, PPP adjusted	$14k	$21k

Financial system and Human development

Stat	Grenada	Libya
Income Tax Rate	N/A	10%
Corporate Tax Rate	N/A	N/A
Inflation, consumer prices	0.8%	23.1%
Inflation, GDP deflator	1%	15.8%
Unemployment	22.9%	17.3%
Economic Freedom Index	63	47
Personal Freedom Index	6	5.17
Human Freedom Index	6	4.98
Property Rights Index	N/A	30.1
Judical Effectiveness Index	N/A	20.8
Business Freedom Index	N/A	40.7
Fiscal Health Index	N/A	N/A
Labor Freedom Index	N/A	53.9
Investment Freedom Index	N/A	5
Financial Freedom Index	N/A	N/A
Trade Freedom Index	N/A	N/A
Monetary Freedom Index	N/A	53.6
Government Spending Index	N/A	0
Tax Burden Index	N/A	N/A
Government Integrity Index	N/A	18.9
Corruption Perceptions Index	52	17
Life expectancy at birth, years	72.4	72.5
Suicide mortality rate, per 100,000 people	1.7	5.2
Mortality caused by road traffic injury, per 100,000 people	9.3	26.1
Intentional homicides, per 100,000 people	11.1	2.5
International tourism, number of arrivals	185k	142k

Government debt & reserves

Stat	Grenada	Libya
Central government debt, % of GDP	N/A	4.9%
External debt stocks, % of GNI	58.8%	N/A
External debt stocks	$644.9M	N/A
Short-term debt, % of total reserves	50.4%	N/A
Total debt service, % of exports and primary income	8.4%	N/A
Adjusted net savings including particulate emission damage, % of GNI	N/A	35%
Gross savings, % of GDP	N/A	67.3%
Gross capital formation, % of GDP	N/A	29.8%
Total reserves including gold	$233.8M	$85.3B
Foreign direct investment net inflows	$153.7M	$0

Exports, imports and economic structure

Stat	Grenada	Libya
Exports of goods and services, % of GDP	54.2%	62.2%
Imports of goods and services, % of GDP	55.2%	40.1%
Current account balance (balance of payments)	-$116.3M	-$4.7B
Revenue excluding grants, % of GDP	N/A	N/A
Grants excluding technical cooperation, BoP	$250k	$268.9M
Personal remittances received	$48.5M	$16M
Industry including construction value added, % of GDP	13.3%	77.5%
Agriculture, forestry and fishing value added, % of GDP	5.2%	1.8%
Charges for the use of intellectual property, payments BoP	$9.3M	N/A
Charges for the use of intellectual property, receipts BoP	$56k	$10M
Expense, % of GDP	N/A	N/A
Government Expenditure, % of GDP	N/A	105.8%