GDP$45.8BCURRENT US$Rnk 91 / 186 GDP GROWTH-50.6%CURRENT US$Rnk 186 / 186
GDP$8.13BCURRENT US$Rnk 148 / 186 GDP GROWTH0%CURRENT US$Rnk 165 / 186 GDP PC $6,716CURRENT US$Rnk 97 / 186GDP PC GROWTH-57.4%CURRENT US$Rnk 185 / 186GDP PC$462CURRENT US$Rnk 183 / 186GDP PC GROWTH0%CURRENT US$Rnk 143 / 186In N/A, Libya did not export any services to Somalia.
Somalia-Libya In N/A, Somalia did not export any products to Libya.
In N/A, Somalia did not export any services to Libya.
Comparison In 2022, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B). That same year, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.
This map shows whether countries import more from Libya or Somalia. Each country is colored based on the difference in imports they receive from Libya and Somalia or the difference in the growth in imports.
In 2022, countries that imported more from Libya than Somalia included Italy ($9.26B), Spain ($3.48B), and Germany ($3.32B).
In 2022, countries that imported more from Somalia than Libya included Oman ($173M), Kuwait ($13.5M), and Bahrain ($9M).
) and Libya () (2022)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 Somalia. This means that a dot/product with the flag of Libya indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Libya.
) and Somalia () (2008)
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