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Economy of Libya vs Moldova compared: GDP & Debt

Updated on by Georank team

Libya has a GDP of $48.5B compared to $18.2B for Moldova, ranking 95/197 and 134/197 by economy size, respectively.

Libya vs Moldova GDP by year

Libya
Moldova
1x
Year GDP, current $
Libya Moldova
2024 $48,487,151,215 $18,200,340,854
2023 $44,027,664,915 $16,711,906,746
2022 $43,246,297,922 $14,525,337,524
2021 $35,217,995,647 $13,691,869,264
2020 $46,854,285,441 $11,530,746,234
2019 $69,254,496,472 $11,736,797,055
2018 $76,686,029,772 $11,252,353,421
2017 $67,157,452,182 $9,514,404,016
2016 $49,912,073,701 $7,980,917,076
2015 $48,717,501,321 $7,797,667,197
2014 $57,372,355,592 $9,402,090,138
2013 $75,351,107,029 $9,496,717,876
2012 $92,540,938,129 $8,709,138,635
2011 $48,169,263,294 $8,414,352,020
2010 $75,380,825,062 $6,974,982,370
2009 $60,808,562,033 $5,439,434,272
2008 $86,710,767,415 $6,054,824,248
2007 $68,032,978,391 $4,401,173,152
2006 $60,094,231,607 $3,408,255,451
2005 $47,334,691,241 $2,988,342,907
2004 $33,122,307,692 $2,598,249,556
2003 $26,265,625,000 $1,980,907,435
2002 $20,481,889,764 $1,661,818,168
2001 $34,112,093,927 $1,480,673,594
2000 $38,270,954,138 $1,288,429,392
1999 $35,975,860,857 $1,170,782,957
1998 $27,251,301,398 $1,698,717,505
1997 $30,700,897,875 $1,930,081,169
1996 $27,884,615,385 $1,695,122,174
1995 $25,541,379,187 $1,752,999,370
1994 $28,610,549,763 $1,702,314,268
1993 $30,660,051,911 $2,371,813,324
1992 $33,887,047,909 $2,319,243,436
1991 $31,991,821,265 $3,094,565,871
1990 $28,904,183,602 $3,592,857,043
1989 $25,156,707,899 -
1988 $24,308,959,591 -
1987 $26,697,659,335 -
1986 $24,180,400,959 -
1985 $31,530,566,324 -
1984 $29,476,109,153 -
1983 $33,200,520,140 -
1982 $33,760,146,991 -
1981 $36,374,353,880 -
1980 $40,953,924,949 -
1979 $30,536,429,497 -
1978 $22,136,422,643 -
1977 $22,428,297,108 -
1976 $19,096,943,017 -
1975 $14,710,912,458 -
1974 $15,112,543,717 -
1973 $8,625,889,430 -
1972 $6,299,395,544 -
1971 $5,260,185,125 -
1970 $4,601,649,451 -
1969 $4,380,987,481 -
1968 $3,850,623,095 -
1967 $2,726,986,913 -
1966 $2,312,438,536 -
1965 $1,804,979,680 -
1964 $1,341,395,421 -
1963 $892,327,911 -
1962 $619,725,785 -
1961 $443,905,612 -
1960 $401,644,249 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/libya/moldova | CC BY

GDP per capita in Libya vs Moldova by year

Libya
GDP per capita

GDP per capita, PPP
Moldova
GDP per capita

GDP per capita, PPP
1x
Year Current $
Libya Moldova
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,569 $14,304 $7,576 $18,615
2023 $6,027 $13,847 $6,800 $17,747
2022 $5,987 $12,266 $5,744 $16,453
2021 $4,936 $12,642 $5,275 $15,682
2020 $6,650 $10,955 $4,376 $13,527
2019 $9,963 $16,194 $4,405 $13,413
2018 $11,197 $18,879 $4,156 $11,868
2017 $9,966 $18,026 $3,453 $11,252
2016 $7,526 $16,961 $2,847 $10,326
2015 $7,458 $17,903 $2,750 $9,198
2014 $8,926 $17,510 $3,290 $8,643
2013 $11,952 $21,151 $3,321 $8,233
2012 $14,976 $26,826 $3,045 $7,255
2011 $7,594 $15,698 $2,941 $6,833
2010 $11,601 $30,234 $2,437 $6,323
2009 $9,551 $29,027 $1,898 $5,827
2008 $13,906 $30,812 $2,111 $6,153
2007 $11,145 $30,929 $1,531 $5,590
2006 $10,049 $28,936 $1,183 $5,271
2005 $8,079 $26,903 $1,034 $4,866
2004 $5,774 $23,813 $897 $4,378
2003 $4,674 $22,663 $682 $3,960
2002 $3,718 $20,061 $571 $3,633
2001 $6,313 $20,332 $507 $3,311
2000 $7,214 $20,617 $441 $3,045
1999 $6,895 $19,769 $399 $2,910
1998 $5,301 $19,639 $579 $2,965
1997 $6,062 $20,439 $657 $3,136
1996 $5,591 $19,392 $575 $3,021
1995 $5,205 $18,952 $594 $3,146
1994 $5,933 $19,318 $574 $3,111
1993 $6,478 $18,904 $797 $4,394
1992 $7,303 $19,572 $778 $4,337
1991 $7,040 $20,085 $1,038 $5,980
1990 $6,502 $17,173 $1,207 $6,895
1989 $5,793 - - -
1988 $5,736 - - -
1987 $6,465 - - -
1986 $6,019 - - -
1985 $8,087 - - -
1984 $7,811 - - -
1983 $8,927 - - -
1982 $9,064 - - -
1981 $10,044 - - -
1980 $11,960 - - -
1979 $9,443 - - -
1978 $7,252 - - -
1977 $7,783 - - -
1976 $7,018 - - -
1975 $5,721 - - -
1974 $6,214 - - -
1973 $3,727 - - -
1972 $2,830 - - -
1971 $2,443 - - -
1970 $2,210 - - -
1969 $2,175 - - -
1968 $1,972 - - -
1967 $1,437 - - -
1966 $1,251 - - -
1965 $1,001 - - -
1964 $765 - - -
1963 $528 - - -
1962 $382 - - -
1961 $285.3 - - -
1960 $269 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/libya/moldova | CC BY

Libya's GDP per capita is $6,569, ranking 107/197, compared to $7,576 in Moldova, ranking 99/197. Adjusted for purchasing power (GDP per capita PPP), Libya ranks 118th at $14,304, while Moldova ranks 100th at $18,615.

Economic indicators

Libya Moldova
Gross domestic product
$48.5B
2024
$18.2B
2024
GDP rank
95/197
2024
134/197
2024
GDP growth
1.9%
2023-2024
0.1%
2023-2024
GDP per capita
$6,569
2024
$7,576
2024
GDP per capita rank
107/197
2024
99/197
2024
GDP per capita, PPP
$14,304
2024
$18,615
2024
GDP per capita PPP rank
118/197
2024
100/197
2024
Government debt n/a
$7.06B
2024
Debt-to-GDP ratio n/a
38.8%
2024
Government debt per person n/a
$2,938
2024
Government debt per person rank n/a
102/185
2024
Average annual personal income after taxes
$3,172
2026
$4,291
2026
Income share by richest 10% n/a
22.8%
2023
Income share by poorest 10% n/a
4.3%
2023
Government expenditure, % of GDP
94.8%
2024
38%
2024
Consumer prices inflation
2.13%
2023-2024
4.68%
2023-2024
Central bank interest rate n/a
6%
2025
Unemployment rate
30%
2004
1.43%
2024
Population
7559873
2341166

Government deficit by year

Deficit/surplus
Libya

Moldova
1x
Year Deficit/surplus, % of GDP
Libya Moldova
2024 -25.1% -3.88%
2023 8.22% -5.13%
2022 23.6% -3.24%
2021 14.8% -2.62%
2020 -22.3% -5.32%
2019 11.9% -1.47%
2018 9.39% -0.85%
2017 -11.1% -0.65%
2016 -29.3% -1.56%
2015 -28.5% -1.93%
2014 -30.5% -1.6%
2013 -16.3% -1.57%
2012 24.6% -1.93%
2011 -11.5% -2.05%
2010 11.5% -2.18%
2009 -5.46% -6.38%
2008 27.7% -0.87%
2007 28.4% 0.15%
2006 29.1% -0.42%
2005 30.4% 1.44%
2004 11.3% 0.59%
2003 6.17% 0.47%
2002 6.99% -1.18%
2001 0.07% -0.34%
2000 13.6% -3.55%
1999 5.69% -2.64%
1998 -2.36% -1.52%
1997 -2.1% -7.47%
1996 11.3% -7.42%
1995 3.8% -2.58%
1994 -2.67% -
1993 -5.77% -
1992 0.11% -
1991 8.41% -
1990 3.36% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/libya/moldova | CC BY

In 2024, Libya's government deficit, the difference between spending and revenue, was $12.1B, equivalent to 25.1% of GDP. This compares to Moldova's deficit of $707M, or 3.88% of GDP.

Over the past 30 years, Libya recorded a fiscal deficit in 11 of those years, while Moldova ran a deficit in 26 years. On average, Libya posted an annual surplus equal to 3.14% of GDP, compared to deficit of 2.26% of GDP for Moldova.

Inflation comparison by year

Inflation
Libya

Moldova
1x
Year Consumer prices inflation
Libya Moldova
2024 2.13% 4.68%
2023 2.37% 13.4%
2022 4.51% 28.7%
2021 2.87% 5.11%
2020 1.45% 3.77%
2019 -2.16% 4.84%
2018 13.2% 3.05%
2017 25.8% 6.57%
2016 25.9% 6.36%
2015 10.4% 9.68%
2014 2.43% 5.09%
2013 2.61% 4.6%
2012 6.06% 4.55%
2011 15.5% 7.69%
2010 2.8% 7.48%
2009 2.46% -0.06%
2008 10.4% 12.8%
2007 6.25% 12.4%
2006 1.46% 12.8%
2005 2.65% 12%
2004 -2.2% 12.5%
2003 -2.19% 11.7%
2002 -9.8% 5.3%
2001 -8.81% 9.76%
2000 -2.9% 31.3%
1999 2.65% 39.3%
1998 3.71% 7.7%
1997 3.55% 11.8%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/libya/moldova | CC BY

Over the past 28 years, Libya has recorded an average annual inflation rate of 4.39%, compared with 10.5% in Moldova. In 2024, inflation was 2.13% in Libya and 4.68% in Moldova.

Top exports between countries

Libya
Export category Export value
Moldova
Export category Export value
Animal & marine products $3.87M
Raw agricultural goods $1.19M
Textiles & consumer goods $114K
Chemicals & pharma $86K
Processed food, beverages & tobacco $51K

Balance of trade

Libya Moldova
Current account balance
$1.86B
2023
-$3.01B
2024
Current account balance ranking
46/190
2023
156/190
2024
Current account balance, % of GDP
+4.24%
2023
-16.6%
2024
Goods imports
$23.2B
2023
$8.63B
2024
Goods exports
$37.1B
2023
$3.01B
2024
Service imports
$10.1B
2023
$1.8B
2024
Service exports
$642M
2023
$2.73B
2024
Imports of goods and services, % of GDP
56.8%
2024
57.3%
2024
Exports of goods and services, % of GDP
72%
2024
31.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Libya Moldova
Economic freedom 35.9 58.1
Economic freedom ranking 189/197 112/197
Property rights 6.3 40.4
Government integrity 10.3 45.1
Judicial effectiveness 4.9 32.4
Tax burden 95 87.9
Government spending 0 57.2
Fiscal health 19.9 70.3
Business freedom 32.4 68.3
Labor freedom 48.2 48.1
Monetary freedom 75.2 66
Trade freedom 80 76.8
Investment freedom 5 55
Financial freedom 20 50

Economic freedom comparison by year

Libya
Moldova
1x
Year Economic freedom index
Libya Moldova
2026 - 58.1
2025 - 58.3
2024 - 57.1
2023 - 58.5
2022 - 61.3
2021 - 62.5
2020 - 62
2019 - 59.1
2018 - 58.4
2017 - 58
2016 - 57.4
2015 - 57.5
2014 - 57.3
2013 - 55.5
2012 35.9 54.4
2011 38.6 55.7
2010 40.2 53.7
2009 43.5 54.9
2008 38.7 57.9
2007 37 58.7
2006 33.2 58
2005 32.8 57.4
2004 31.5 57.1
2003 34.6 60
2002 35.4 57.4
2001 34 54.9
2000 34.7 59.6
1999 32.3 56.1
1998 32 53.5
1997 28.9 48.9
1996 31.7 52.5
1995 - 33

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/libya/moldova | CC BY

The Economic Freedom Index for Libya is 35.9, ranking 189/197, compared to 58.1 for Moldova, ranking 112/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Libya Moldova
Services, % of GDP
28.3%
2024
62.3%
2024
Industry, % of GDP
73.5%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
2.39%
2024
7.11%
2024
GNI, Atlas method
$50.9B
2024
$16.5B
2024
GNI per capita, PPP
$15,400
2024
$18,710
2024
Total reserves including gold
$92.9B
2024
$5.48B
2024
Total reserves ranking
29/177
2024
96/177
2024
Net foreign direct investment
-$795M
2023
-$360M
2024
Net inflows of foreign direct investment
$0
2024
$458M
2024
Net outflows of foreign direct investment
-$56.5M
2024
$98.4M
2024
Servicing debt to the IMF, % of GNI n/a
6.22%
2024
Poverty at national poverty lines
7.4%
2005
31.6%
2023
Gross capital formation, % of GDP
14.3%
2024
21.1%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/libya/moldova | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2024, retrieved 2026-02-08)
  6. Central Intelligence Agency (CIA) (2004–2005, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.