Libya vs Somalia: Economic Indicators Comparison

Libya with a GDP of $48.4B ranked the 86th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Libya and Somalia ranked 144th vs 97th and 91st vs 196th, respectively.

Gross Domestic Product & Income

StatLibyaSomalia
GDP$48.4B$4.7B
GDP growth, 1 year17.9%3.1%
GDP growth, 5-years average1.7%2.9%
Population6.7M11M
GDP per capita$7.2k$315
GDP per capita growth6.37%-2.74%
Purchasing Power Parity conversion factor0.4811427.68
Price level ratio of PPP conversion factor GDP to market exchange rate0.35N/A
GDP per capita, PPP adjusted$11k$500
GNI, Atlas method$42.8B$959.2M
GNI per capita$6.4k$130
GNI, PPP adjusted$142.5BN/A
GNI per capita, PPP adjusted$21kN/A

Financial system and Human development

StatLibyaSomalia
Income Tax Rate10%N/A
Corporate Tax RateN/AN/A
Inflation, consumer prices23.1%1.5%
Inflation, GDP deflator15.8%215.5%
Unemployment17.3%14%
Economic Freedom Index4729
Personal Freedom Index5.173.6
Human Freedom Index4.983.4
Property Rights Index30.120.1
Judical Effectiveness Index20.826.5
Business Freedom Index40.731.6
Fiscal Health IndexN/AN/A
Labor Freedom Index53.9N/A
Investment Freedom Index5N/A
Financial Freedom IndexN/AN/A
Trade Freedom IndexN/AN/A
Monetary Freedom Index53.6N/A
Government Spending Index0N/A
Tax Burden IndexN/AN/A
Government Integrity Index18.913.1
Corruption Perceptions Index1710
Life expectancy at birth, years72.556.7
Suicide mortality rate, per 100,000 people5.24.7
Mortality caused by road traffic injury, per 100,000 people26.127.1
Intentional homicides, per 100,000 people2.54.3
International tourism, number of arrivals142kN/A

Government debt & reserves

StatLibyaSomalia
Central government debt, % of GDP4.9%N/A
External debt stocks, % of GNIN/A39.4%
External debt stocksN/A$2.9B
Short-term debt, % of total reservesN/A847.9%
Total debt service, % of exports and primary incomeN/A47.6%
Adjusted net savings including particulate emission damage, % of GNI35%N/A
Gross savings, % of GDP67.3%N/A
Gross capital formation, % of GDP29.8%15.5%
Total reserves including gold$85.3B$23.1M
Foreign direct investment net inflows$0$409M

Exports, imports and economic structure

StatLibyaSomalia
Exports of goods and services, % of GDP62.2%25.9%
Imports of goods and services, % of GDP40.1%99.6%
Current account balance (balance of payments)-$4.7BN/A
Revenue excluding grants, % of GDPN/A0%
Grants excluding technical cooperation, BoP$268.9M$1.5B
Personal remittances received$16M$21.7M
Industry including construction value added, % of GDP77.5%9.5%
Agriculture, forestry and fishing value added, % of GDP1.8%62.7%
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/A0%
Government Expenditure, % of GDP105.8%N/A

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

Somalia vs

CountryGDP
per capita
Population
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Burundi
$272
10.9M