Libya vs Panama: Economic Indicators Comparison

Panama with a GDP of $65.1B ranked the 75th largest economy in the world, while Libya ranked 86th with $48.4B. By GDP 5-years average growth and GDP per capita, Panama and Libya ranked 33rd vs 144th and 61st vs 91st, respectively.

Gross Domestic Product & Income

StatLibyaPanama
GDP$48.4B$65.1B
GDP growth, 1 year17.9%3.9%
GDP growth, 5-years average1.7%5%
Population6.7M4.1M
GDP per capita$7.2k$16k
GDP per capita growth6.37%1.94%
Purchasing Power Parity conversion factor0.480.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.350.61
GDP per capita, PPP adjusted$11k$26k
GNI, Atlas method$42.8B$60B
GNI per capita$6.4k$14k
GNI, PPP adjusted$142.5B$98.4B
GNI per capita, PPP adjusted$21k$24k

Financial system and Human development

StatLibyaPanama
Income Tax Rate10%25%
Corporate Tax RateN/A25%
Inflation, consumer prices23.1%0.8%
Inflation, GDP deflator15.8%0.7%
Unemployment17.3%3.9%
Economic Freedom Index4767.2
Personal Freedom Index5.177.73
Human Freedom Index4.987.53
Property Rights Index30.158.8
Judical Effectiveness Index20.830
Business Freedom Index40.770.8
Fiscal Health IndexN/A91.2
Labor Freedom Index53.943.3
Investment Freedom Index575
Financial Freedom IndexN/A70
Trade Freedom IndexN/A79.2
Monetary Freedom Index53.679.4
Government Spending Index085.7
Tax Burden IndexN/A85.3
Government Integrity Index18.937.2
Corruption Perceptions Index1737
Life expectancy at birth, years72.578.1
Suicide mortality rate, per 100,000 people5.24.3
Mortality caused by road traffic injury, per 100,000 people26.114.3
Intentional homicides, per 100,000 people2.59.7
International tourism, number of arrivals142k1.8M

Government debt & reserves

StatLibyaPanama
Central government debt, % of GDP4.9%39.4%
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%25.3%
Gross savings, % of GDP67.3%29.1%
Gross capital formation, % of GDP29.8%41.7%
Total reserves including gold$85.3B$2.1B
Foreign direct investment net inflows$0$5.9B

Exports, imports and economic structure

StatLibyaPanama
Exports of goods and services, % of GDP62.2%42.3%
Imports of goods and services, % of GDP40.1%45.3%
Current account balance (balance of payments)-$4.7B-$6.8B
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoP$268.9M$22.3M
Personal remittances received$16M$537.9M
Industry including construction value added, % of GDP77.5%29.2%
Agriculture, forestry and fishing value added, % of GDP1.8%2.2%
Charges for the use of intellectual property, payments BoPN/A$39.4M
Charges for the use of intellectual property, receipts BoP$10M$21.7M
Expense, % of GDPN/AN/A
Government Expenditure, % of GDP105.8%21.8%

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

Panama vs

CountryGDP
per capita
Population
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
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
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
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B