GDP$15.8BCURRENT US$Rnk 133 / 195 GDP GROWTH32.2%CURRENT US$Rnk 109 / 195
GDP$45.1BCURRENT US$Rnk 97 / 195 GDP GROWTH-40.2%CURRENT US$Rnk 194 / 195 GDP PC $2,067CURRENT US$Rnk 157 / 195GDP PC GROWTH14%CURRENT US$Rnk 123 / 195GDP PC$6,173CURRENT US$Rnk 112 / 196GDP PC GROWTH-48.4%CURRENT US$Rnk 193 / 195In N/A, Laos did not export any services to Libya.
Libya-Laos In false, Libya did not export any products to Laos.
In N/A, Libya did not export any services to Laos.
Comparison: In 2023, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B). That same year, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B).
This map shows whether countries import more from Laos or Libya. Each country is colored based on the difference in imports they receive from Laos and Libya or the difference in the growth in imports.
In 2023, countries that imported more from Laos than Libya included Thailand ($2.99B), China ($3.41B), and Cambodia ($190M).
In 2023, countries that imported more from Libya than Laos included Italy ($7.96B), Germany ($5.16B), and Spain ($3.08B).
) and Laos () (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 Laos and Libya. This means that a dot/product with the flag of Laos indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Laos.
) and Libya () (2017)
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