Libya vs the Marshall Islands: Economic Indicators Comparison

Libya with a GDP of $48.4B ranked the 86th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Libya and the Marshall Islands ranked 91st vs 123rd, respectively.

Gross Domestic Product & Income

Stat	Libya	Marshall Islands
GDP	$48.4B	$221.3M
GDP growth, 1 year	17.9%	3.62%
GDP growth, 5-years average	1.7%	N/A
Population	6.7M	53k
GDP per capita	$7.2k	$3.8k
GDP per capita growth	6.37%	2.99%
Purchasing Power Parity conversion factor	0.48	0.95
Price level ratio of PPP conversion factor GDP to market exchange rate	0.35	0.95
GDP per capita, PPP adjusted	$11k	$4k
GNI, Atlas method	$42.8B	$283.7M
GNI per capita	$6.4k	$4.9k
GNI, PPP adjusted	$142.5B	$297.6M
GNI per capita, PPP adjusted	$21k	$5.1k

Financial system and Human development

Stat	Libya	Marshall Islands
Income Tax Rate	10%	N/A
Corporate Tax Rate	N/A	N/A
Inflation, consumer prices	23.1%	N/A
Inflation, GDP deflator	15.8%	0.3%
Unemployment	17.3%	4.7%
Economic Freedom Index	47	58
Personal Freedom Index	5.17	6.2
Human Freedom Index	4.98	6.2
Property Rights Index	30.1	N/A
Judical Effectiveness Index	20.8	N/A
Business Freedom Index	40.7	N/A
Fiscal Health Index	N/A	N/A
Labor Freedom Index	53.9	N/A
Investment Freedom Index	5	N/A
Financial Freedom Index	N/A	N/A
Trade Freedom Index	N/A	N/A
Monetary Freedom Index	53.6	N/A
Government Spending Index	0	N/A
Tax Burden Index	N/A	N/A
Government Integrity Index	18.9	N/A
Corruption Perceptions Index	17	64
Life expectancy at birth, years	72.5	65.2
Suicide mortality rate, per 100,000 people	5.2	1
Mortality caused by road traffic injury, per 100,000 people	26.1	5.7
Intentional homicides, per 100,000 people	2.5	4
International tourism, number of arrivals	142k	6.8k

Government debt & reserves

Stat	Libya	Marshall Islands
Central government debt, % of GDP	4.9%	48.9%
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	35%	N/A
Gross savings, % of GDP	67.3%	17.2%
Gross capital formation, % of GDP	29.8%	23.4%
Total reserves including gold	$85.3B	N/A
Foreign direct investment net inflows	$0	$9.8M

Exports, imports and economic structure

Stat	Libya	Marshall Islands
Exports of goods and services, % of GDP	62.2%	40.4%
Imports of goods and services, % of GDP	40.1%	85.3%
Current account balance (balance of payments)	-$4.7B	$53M
Revenue excluding grants, % of GDP	N/A	32.2%
Grants excluding technical cooperation, BoP	$268.9M	$50.6M
Personal remittances received	$16M	$31.5M
Industry including construction value added, % of GDP	77.5%	12.8%
Agriculture, forestry and fishing value added, % of GDP	1.8%	15.2%
Charges for the use of intellectual property, payments BoP	N/A	N/A
Charges for the use of intellectual property, receipts BoP	$10M	N/A
Expense, % of GDP	N/A	57.9%
Government Expenditure, % of GDP	105.8%	N/A