Libya vs North Macedonia: Economic Indicators Comparison

Libya with a GDP of $48.4B ranked the 86th largest economy in the world, while North Macedonia ranked 135th with $12.7B. By GDP 5-years average growth and GDP per capita, Libya and North Macedonia ranked 144th vs 110th and 91st vs 100th, respectively.

Gross Domestic Product & Income

StatLibyaNorth Macedonia
GDP$48.4B$12.7B
GDP growth, 1 year17.9%2.7%
GDP growth, 5-years average1.7%2.6%
Population6.7M2.1M
GDP per capita$7.2k$6.1k
GDP per capita growth6.37%2.62%
Purchasing Power Parity conversion factor0.4819.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.350.37
GDP per capita, PPP adjusted$11k$16k
GNI, Atlas method$42.8B$11.4B
GNI per capita$6.4k$5.5k
GNI, PPP adjusted$142.5B$32.6B
GNI per capita, PPP adjusted$21k$16k

Financial system and Human development

StatLibyaNorth Macedonia
Income Tax Rate10%10%
Corporate Tax RateN/A10%
Inflation, consumer prices23.1%1.5%
Inflation, GDP deflator15.8%4.3%
Unemployment17.3%21.6%
Economic Freedom Index4769.5
Personal Freedom Index5.178.17
Human Freedom Index4.987.55
Property Rights Index30.162.5
Judical Effectiveness Index20.842.7
Business Freedom Index40.780.6
Fiscal Health IndexN/A87.7
Labor Freedom Index53.967
Investment Freedom Index565
Financial Freedom IndexN/A60
Trade Freedom IndexN/A86.2
Monetary Freedom Index53.677.7
Government Spending Index071
Tax Burden IndexN/A91.5
Government Integrity Index18.942.2
Corruption Perceptions Index1737
Life expectancy at birth, years72.575.6
Suicide mortality rate, per 100,000 people5.27.9
Mortality caused by road traffic injury, per 100,000 people26.16.4
Intentional homicides, per 100,000 people2.51.5
International tourism, number of arrivals142k707k

Government debt & reserves

StatLibyaNorth Macedonia
Central government debt, % of GDP4.9%39.5%
External debt stocks, % of GNIN/A72%
External debt stocksN/A$8.7B
Short-term debt, % of total reservesN/A40.9%
Total debt service, % of exports and primary incomeN/A16.6%
Adjusted net savings including particulate emission damage, % of GNI35%15.4%
Gross savings, % of GDP67.3%33%
Gross capital formation, % of GDP29.8%33%
Total reserves including gold$85.3B$3.3B
Foreign direct investment net inflows$0$648.7M

Exports, imports and economic structure

StatLibyaNorth Macedonia
Exports of goods and services, % of GDP62.2%60.3%
Imports of goods and services, % of GDP40.1%72.9%
Current account balance (balance of payments)-$4.7B-$25.6M
Revenue excluding grants, % of GDPN/A26.8%
Grants excluding technical cooperation, BoP$268.9M$133.8M
Personal remittances received$16M$344.5M
Industry including construction value added, % of GDP77.5%23.6%
Agriculture, forestry and fishing value added, % of GDP1.8%7.2%
Charges for the use of intellectual property, payments BoPN/A$188.8M
Charges for the use of intellectual property, receipts BoP$10M$11.8M
Expense, % of GDPN/A27.9%
Government Expenditure, % of GDP105.8%31.1%

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
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
Albania
$5.3k
3.02M

North Macedonia vs

CountryGDP
per capita
Population
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
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
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k