GDP$45.8BCURRENT US$Rnk 91 / 186 GDP GROWTH-50.6%CURRENT US$Rnk 186 / 186
GDP$30.6BCURRENT US$Rnk 102 / 186 GDP GROWTH43.9%CURRENT US$Rnk 78 / 186 GDP PC $6,716CURRENT US$Rnk 97 / 186GDP PC GROWTH-57.4%CURRENT US$Rnk 185 / 186GDP PC$3,020CURRENT US$Rnk 133 / 186GDP PC GROWTH13.8%CURRENT US$Rnk 100 / 186In N/A, Libya did not export any services to Papua New Guinea.
Papua New Guinea-Libya In N/A, Papua New Guinea did not export any products to Libya.
In N/A, Papua New Guinea 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, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B).
Libya does not register exports to Papua New Guinea.
Papua New Guinea does not register exports to Libya.
) to Papua New Guinea () (2019)) to Libya () (2019)This map shows whether countries import more from Libya or Papua New Guinea. Each country is colored based on the difference in imports they receive from Libya and Papua New Guinea or the difference in the growth in imports.
In 2022, countries that imported more from Libya than Papua New Guinea included Italy ($9.26B), Spain ($3.48B), and Germany ($3.32B).
In 2022, countries that imported more from Papua New Guinea than Libya included Japan ($4.03B), Chinese Taipei ($1.46B), and South Korea ($1.48B).
) and Libya () (2022)This chart compares trade between Libya and Papua New Guinea by product, considering products traded by both, Libya and Papua New Guinea.
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 Papua New Guinea. This means that a dot/product with the flag of Libya indicates it has a comparative advantage over Papua New Guinea. Similarly, a dot/product with the flag of Papua New Guinea indicates it has a comparative advantage over Libya.
) and Papua New Guinea () (2019)
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