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

Stat	Guinea	Libya
GDP	$10.9B	$48.4B
GDP growth, 1 year	5.8%	17.9%
GDP growth, 5-years average	6.7%	1.7%
Population	12.7M	6.7M
GDP per capita	$879	$7.2k
GDP per capita growth	3.2%	6.37%
Purchasing Power Parity conversion factor	3160.71	0.48
Price level ratio of PPP conversion factor GDP to market exchange rate	0.35	0.35
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

Stat	Guinea	Libya
Income Tax Rate	40%	10%
Corporate Tax Rate	35%	N/A
Inflation, consumer prices	9.7%	23.1%
Inflation, GDP deflator	-1.3%	15.8%
Unemployment	3.6%	17.3%
Economic Freedom Index	56.5	47
Personal Freedom Index	5.95	5.17
Human Freedom Index	5.68	4.98
Property Rights Index	38.7	30.1
Judical Effectiveness Index	33.3	20.8
Business Freedom Index	55.4	40.7
Fiscal Health Index	93.8	N/A
Labor Freedom Index	58	53.9
Investment Freedom Index	50	5
Financial Freedom Index	40	N/A
Trade Freedom Index	60.4	N/A
Monetary Freedom Index	70.6	53.6
Government Spending Index	91.4	0
Tax Burden Index	70	N/A
Government Integrity Index	16.1	18.9
Corruption Perceptions Index	28	17
Life expectancy at birth, years	60.7	72.5
Suicide mortality rate, per 100,000 people	6.3	5.2
Mortality caused by road traffic injury, per 100,000 people	28.2	26.1
Intentional homicides, per 100,000 people	8.8	2.5
International tourism, number of arrivals	99k	142k

Government debt & reserves

Stat	Guinea	Libya
Central government debt, % of GDP	38.7%	4.9%
External debt stocks, % of GNI	24.6%	N/A
External debt stocks	$2.6B	N/A
Short-term debt, % of total reserves	12.4%	N/A
Total debt service, % of exports and primary income	2.2%	N/A
Adjusted net savings including particulate emission damage, % of GNI	-6.5%	35%
Gross savings, % of GDP	3.1%	67.3%
Gross capital formation, % of GDP	18.9%	29.8%
Total reserves including gold	$1.2B	$85.3B
Foreign direct investment net inflows	$352.8M	$0

Exports, imports and economic structure

Stat	Guinea	Libya
Exports of goods and services, % of GDP	37.6%	62.2%
Imports of goods and services, % of GDP	53%	40.1%
Current account balance (balance of payments)	-$190.5M	-$4.7B
Revenue excluding grants, % of GDP	12.1%	N/A
Grants excluding technical cooperation, BoP	$367.3M	$268.9M
Personal remittances received	$28.4M	$16M
Industry including construction value added, % of GDP	24.8%	77.5%
Agriculture, forestry and fishing value added, % of GDP	24.3%	1.8%
Charges for the use of intellectual property, payments BoP	$620k	N/A
Charges for the use of intellectual property, receipts BoP	-$1.5M	$10M
Expense, % of GDP	9.4%	N/A
Government Expenditure, % of GDP	16.9%	105.8%