GDP$45.1BCURRENT US$Rnk 97 / 195 GDP GROWTH-40.2%CURRENT US$Rnk 194 / 195
GDP$20.3BCURRENT US$Rnk 120 / 195 GDP GROWTH61.5%CURRENT US$Rnk 51 / 195 GDP PC $6,173CURRENT US$Rnk 112 / 195GDP PC GROWTH-48.4%CURRENT US$Rnk 193 / 195GDP PC$5,839CURRENT US$Rnk 116 / 196GDP PC GROWTH34.5%CURRENT US$Rnk 70 / 195In N/A, Libya did not export any services to Mongolia.
Mongolia-Libya In false, Mongolia did not export any products to Libya.
In N/A, Mongolia did not export any services to Libya.
Comparison: In 2023, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B). That same year, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B).
This map shows whether countries import more from Libya or Mongolia. Each country is colored based on the difference in imports they receive from Libya and Mongolia or the difference in the growth in imports.
In 2023, countries that imported more from Libya than Mongolia included Italy ($7.96B), Germany ($5.16B), and Spain ($3.08B).
In 2023, countries that imported more from Mongolia than Libya included China ($13.1B), Switzerland ($842M), and Japan ($31.4M).
) and Libya () (2023)We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.
This visualization shows the product space at the HS4 level with the flags of Libya and Mongolia. This means that a dot/product with the flag of Libya indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Libya.
) and Mongolia () (NaN)
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