Libya vs Morocco: Economic Indicators Comparison

Morocco with a GDP of $117.9B ranked the 60th largest economy in the world, while Libya ranked 86th with $48.4B. By GDP 5-years average growth and GDP per capita, Morocco and Libya ranked 87th vs 144th and 130th vs 91st, respectively.

Gross Domestic Product & Income

StatLibyaMorocco
GDP$48.4B$117.9B
GDP growth, 1 year17.9%3.1%
GDP growth, 5-years average1.7%3.1%
Population6.7M36M
GDP per capita$7.2k$3.2k
GDP per capita growth6.37%1.65%
Purchasing Power Parity conversion factor0.483.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.350.37
GDP per capita, PPP adjusted$11k$8.9k
GNI, Atlas method$42.8B$112.9B
GNI per capita$6.4k$3.1k
GNI, PPP adjusted$142.5B$308.5B
GNI per capita, PPP adjusted$21k$8.4k

Financial system and Human development

StatLibyaMorocco
Income Tax Rate10%38%
Corporate Tax RateN/A30%
Inflation, consumer prices23.1%1.9%
Inflation, GDP deflator15.8%1.1%
Unemployment17.3%9%
Economic Freedom Index4763.3
Personal Freedom Index5.176.11
Human Freedom Index4.986.24
Property Rights Index30.166.3
Judical Effectiveness Index20.848
Business Freedom Index40.770.4
Fiscal Health IndexN/A67.2
Labor Freedom Index53.933
Investment Freedom Index565
Financial Freedom IndexN/A70
Trade Freedom IndexN/A78.6
Monetary Freedom Index53.677
Government Spending Index072.8
Tax Burden IndexN/A71.8
Government Integrity Index18.939.2
Corruption Perceptions Index1743
Life expectancy at birth, years72.576.2
Suicide mortality rate, per 100,000 people5.22.9
Mortality caused by road traffic injury, per 100,000 people26.119.6
Intentional homicides, per 100,000 people2.52.1
International tourism, number of arrivals142k12.3M

Government debt & reserves

StatLibyaMorocco
Central government debt, % of GDP4.9%65.2%
External debt stocks, % of GNIN/A42.2%
External debt stocksN/A$49B
Short-term debt, % of total reservesN/A30.4%
Total debt service, % of exports and primary incomeN/A8.8%
Adjusted net savings including particulate emission damage, % of GNI35%20.9%
Gross savings, % of GDP67.3%27.7%
Gross capital formation, % of GDP29.8%33.5%
Total reserves including gold$85.3B$24.5B
Foreign direct investment net inflows$0$3.6B

Exports, imports and economic structure

StatLibyaMorocco
Exports of goods and services, % of GDP62.2%38.7%
Imports of goods and services, % of GDP40.1%49.3%
Current account balance (balance of payments)-$4.7B-$6.4B
Revenue excluding grants, % of GDPN/A25.8%
Grants excluding technical cooperation, BoP$268.9M$473.5M
Personal remittances received$16M$6.9B
Industry including construction value added, % of GDP77.5%25.9%
Agriculture, forestry and fishing value added, % of GDP1.8%12.3%
Charges for the use of intellectual property, payments BoPN/A$166.9M
Charges for the use of intellectual property, receipts BoP$10M$5.1M
Expense, % of GDPN/A24.7%
Government Expenditure, % of GDP105.8%30.1%

Compare with countries close by GDP per capita

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

Morocco vs

CountryGDP
per capita
Population
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k