GDP$45.1BCURRENT US$Rnk 97 / 195 GDP GROWTH-40.2%CURRENT US$Rnk 194 / 195
GDP$251BCURRENT US$Rnk 52 / 195 GDP GROWTH6.91%CURRENT US$Rnk 164 / 195 GDP PC $6,173CURRENT US$Rnk 112 / 195GDP PC GROWTH-48.4%CURRENT US$Rnk 193 / 195GDP PC$5,565CURRENT US$Rnk 118 / 196GDP PC GROWTH-16.3%CURRENT US$Rnk 174 / 195In N/A, Libya did not export any services to Iraq.
Iraq-Libya In N/A, Iraq did not export any products to Libya.
In N/A, Iraq 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, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).
This map shows whether countries import more from Libya or Iraq. Each country is colored based on the difference in imports they receive from Libya and Iraq or the difference in the growth in imports.
In 2023, countries that imported more from Libya than Iraq included Italy ($7.96B), Germany ($5.16B), and United Kingdom ($1.59B).
In 2023, countries that imported more from Iraq than Libya included China ($35.5B), India ($29.8B), and United States ($8.92B).
) 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 Iraq. This means that a dot/product with the flag of Libya indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Libya.
) and Iraq () (2014)
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