Guinea vs Libya: Economic Indicators Comparison

Libya with a GDP of $48.4B ranked the 86th largest economy in the world, while Guinea ranked 142nd with $10.9B. By GDP 5-years average growth and GDP per capita, Libya and Guinea ranked 144th vs 15th and 91st vs 175th, respectively.

Gross Domestic Product & Income

StatGuineaLibya
GDP$10.9B$48.4B
GDP growth, 1 year5.8%17.9%
GDP growth, 5-years average6.7%1.7%
Population12.7M6.7M
GDP per capita$879$7.2k
GDP per capita growth3.2%6.37%
Purchasing Power Parity conversion factor3160.710.48
Price level ratio of PPP conversion factor GDP to market exchange rate0.350.35
GDP per capita, PPP adjusted$2.3k$11k
GNI, Atlas method$10.6B$42.8B
GNI per capita$850$6.4k
GNI, PPP adjusted$30.6B$142.5B
GNI per capita, PPP adjusted$2.5k$21k

Financial system and Human development

StatGuineaLibya
Income Tax Rate40%10%
Corporate Tax Rate35%N/A
Inflation, consumer prices9.7%23.1%
Inflation, GDP deflator-1.3%15.8%
Unemployment3.6%17.3%
Economic Freedom Index56.547
Personal Freedom Index5.955.17
Human Freedom Index5.684.98
Property Rights Index38.730.1
Judical Effectiveness Index33.320.8
Business Freedom Index55.440.7
Fiscal Health Index93.8N/A
Labor Freedom Index5853.9
Investment Freedom Index505
Financial Freedom Index40N/A
Trade Freedom Index60.4N/A
Monetary Freedom Index70.653.6
Government Spending Index91.40
Tax Burden Index70N/A
Government Integrity Index16.118.9
Corruption Perceptions Index2817
Life expectancy at birth, years60.772.5
Suicide mortality rate, per 100,000 people6.35.2
Mortality caused by road traffic injury, per 100,000 people28.226.1
Intentional homicides, per 100,000 people8.82.5
International tourism, number of arrivals99k142k

Government debt & reserves

StatGuineaLibya
Central government debt, % of GDP38.7%4.9%
External debt stocks, % of GNI24.6%N/A
External debt stocks$2.6BN/A
Short-term debt, % of total reserves12.4%N/A
Total debt service, % of exports and primary income2.2%N/A
Adjusted net savings including particulate emission damage, % of GNI-6.5%35%
Gross savings, % of GDP3.1%67.3%
Gross capital formation, % of GDP18.9%29.8%
Total reserves including gold$1.2B$85.3B
Foreign direct investment net inflows$352.8M$0

Exports, imports and economic structure

StatGuineaLibya
Exports of goods and services, % of GDP37.6%62.2%
Imports of goods and services, % of GDP53%40.1%
Current account balance (balance of payments)-$190.5M-$4.7B
Revenue excluding grants, % of GDP12.1%N/A
Grants excluding technical cooperation, BoP$367.3M$268.9M
Personal remittances received$28.4M$16M
Industry including construction value added, % of GDP24.8%77.5%
Agriculture, forestry and fishing value added, % of GDP24.3%1.8%
Charges for the use of intellectual property, payments BoP$620kN/A
Charges for the use of intellectual property, receipts BoP-$1.5M$10M
Expense, % of GDP9.4%N/A
Government Expenditure, % of GDP16.9%105.8%

Compare with countries close by GDP per capita

Guinea vs

CountryGDP
per capita
Population
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M

Libya vs

CountryGDP
per capita
Population
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M