Libya vs Oman: Economic Indicators Comparison

Oman with a GDP of $79.3B ranked the 69th largest economy in the world, while Libya ranked 86th with $48.4B. By GDP 5-years average growth and GDP per capita, Oman and Libya ranked 114th vs 144th and 56th vs 91st, respectively.

Gross Domestic Product & Income

StatLibyaOman
GDP$48.4B$79.3B
GDP growth, 1 year17.9%2.1%
GDP growth, 5-years average1.7%2.4%
Population6.7M4.8M
GDP per capita$7.2k$16k
GDP per capita growth6.37%-1.68%
Purchasing Power Parity conversion factor0.480.15
Price level ratio of PPP conversion factor GDP to market exchange rate0.350.39
GDP per capita, PPP adjusted$11k$47k
GNI, Atlas method$42.8B$73.1B
GNI per capita$6.4k$15k
GNI, PPP adjusted$142.5B$201.3B
GNI per capita, PPP adjusted$21k$42k

Financial system and Human development

StatLibyaOman
Income Tax Rate10%0%
Corporate Tax RateN/A12%
Inflation, consumer prices23.1%0.9%
Inflation, GDP deflator15.8%10.3%
Unemployment17.3%3.1%
Economic Freedom Index4763.6
Personal Freedom Index5.175.55
Human Freedom Index4.986.3
Property Rights Index30.166.4
Judical Effectiveness Index20.866.2
Business Freedom Index40.774.6
Fiscal Health IndexN/A14.8
Labor Freedom Index53.956.9
Investment Freedom Index565
Financial Freedom IndexN/A60
Trade Freedom IndexN/A81.6
Monetary Freedom Index53.678.4
Government Spending Index036.2
Tax Burden IndexN/A98.4
Government Integrity Index18.964.6
Corruption Perceptions Index1752
Life expectancy at birth, years72.577.4
Suicide mortality rate, per 100,000 people5.23.9
Mortality caused by road traffic injury, per 100,000 people26.116.1
Intentional homicides, per 100,000 people2.50.5
International tourism, number of arrivals142k2.3M

Government debt & reserves

StatLibyaOman
Central government debt, % of GDP4.9%50.9%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI35%-11.3%
Gross savings, % of GDP67.3%23.9%
Gross capital formation, % of GDP29.8%23.2%
Total reserves including gold$85.3B$17.4B
Foreign direct investment net inflows$0$6.3B

Exports, imports and economic structure

StatLibyaOman
Exports of goods and services, % of GDP62.2%58.3%
Imports of goods and services, % of GDP40.1%44.5%
Current account balance (balance of payments)-$4.7B-$4.3B
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoP$268.9M$17M
Personal remittances received$16M$39M
Industry including construction value added, % of GDP77.5%46.8%
Agriculture, forestry and fishing value added, % of GDP1.8%2.2%
Charges for the use of intellectual property, payments BoPN/AN/A
Charges for the use of intellectual property, receipts BoP$10MN/A
Expense, % of GDPN/AN/A
Government Expenditure, % of GDP105.8%46.1%

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

Oman vs

CountryGDP
per capita
Population
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k