Libya vs the Solomon Islands: Economic Indicators Comparison

Libya with a GDP of $48.4B ranked the 86th largest economy in the world, while the Solomon Islands ranked 182nd with $1.4B. By GDP 5-years average growth and GDP per capita, Libya and the Solomon Islands ranked 144th vs 90th and 91st vs 145th, respectively.

Gross Domestic Product & Income

StatLibyaSolomon Islands
GDP$48.4B$1.4B
GDP growth, 1 year17.9%3.4%
GDP growth, 5-years average1.7%3%
Population6.7M611k
GDP per capita$7.2k$2.1k
GDP per capita growth6.37%1.18%
Purchasing Power Parity conversion factor0.487.02
Price level ratio of PPP conversion factor GDP to market exchange rate0.350.88
GDP per capita, PPP adjusted$11k$2.2k
GNI, Atlas method$42.8B$1.3B
GNI per capita$6.4k$2k
GNI, PPP adjusted$142.5B$1.5B
GNI per capita, PPP adjusted$21k$2.3k

Financial system and Human development

StatLibyaSolomon Islands
Income Tax Rate10%40%
Corporate Tax RateN/A30%
Inflation, consumer prices23.1%1%
Inflation, GDP deflator15.8%3.5%
Unemployment17.3%1.8%
Economic Freedom Index4752.9
Personal Freedom Index5.176.1
Human Freedom Index4.986.1
Property Rights Index30.154.6
Judical Effectiveness Index20.853.7
Business Freedom Index40.767.7
Fiscal Health IndexN/A76.6
Labor Freedom Index53.972
Investment Freedom Index515
Financial Freedom IndexN/A30
Trade Freedom IndexN/A48
Monetary Freedom Index53.684.3
Government Spending Index034.2
Tax Burden IndexN/A65.6
Government Integrity Index18.933.5
Corruption Perceptions Index1744
Life expectancy at birth, years72.572.6
Suicide mortality rate, per 100,000 people5.24.7
Mortality caused by road traffic injury, per 100,000 people26.117.4
Intentional homicides, per 100,000 people2.53.8
International tourism, number of arrivals142k28k

Government debt & reserves

StatLibyaSolomon Islands
Central government debt, % of GDP4.9%12.1%
External debt stocks, % of GNIN/A29.1%
External debt stocksN/A$388.5M
Short-term debt, % of total reservesN/A7%
Total debt service, % of exports and primary incomeN/A5.6%
Adjusted net savings including particulate emission damage, % of GNI35%-13.3%
Gross savings, % of GDP67.3%3.2%
Gross capital formation, % of GDP29.8%14.6%
Total reserves including gold$85.3B$617.1M
Foreign direct investment net inflows$0$12.1M

Exports, imports and economic structure

StatLibyaSolomon Islands
Exports of goods and services, % of GDP62.2%45.1%
Imports of goods and services, % of GDP40.1%53.3%
Current account balance (balance of payments)-$4.7B-$50.6M
Revenue excluding grants, % of GDPN/A33.8%
Grants excluding technical cooperation, BoP$268.9M$153.5M
Personal remittances received$16M$19.3M
Industry including construction value added, % of GDP77.5%N/A
Agriculture, forestry and fishing value added, % of GDP1.8%35%
Charges for the use of intellectual property, payments BoPN/A$4.4M
Charges for the use of intellectual property, receipts BoP$10M$599k
Expense, % of GDPN/A31.9%
Government Expenditure, % of GDP105.8%46.8%

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

Solomon Islands vs

CountryGDP
per capita
Population
Morocco
$3.2k
36M
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
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M