GDP$30.6BCURRENT US$Rnk 102 / 186 GDP GROWTH43.9%CURRENT US$Rnk 78 / 186
GDP$45.8BCURRENT US$Rnk 91 / 186 GDP GROWTH-50.6%CURRENT US$Rnk 186 / 186 GDP PC $3,020CURRENT US$Rnk 133 / 186GDP PC GROWTH13.8%CURRENT US$Rnk 100 / 186GDP PC$6,716CURRENT US$Rnk 97 / 186GDP PC GROWTH-57.4%CURRENT US$Rnk 185 / 186In N/A, Papua New Guinea did not export any services to Libya.
Libya-Papua New Guinea In N/A, Libya did not export any products to Papua New Guinea.
In N/A, Libya did not export any services to Papua New Guinea.
Comparison: In 2022, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B). That same year, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).
Papua New Guinea does not register exports to Libya.
Libya does not register exports to Papua New Guinea.
) to Libya () (2019)) to Papua New Guinea () (2019)This map shows whether countries import more from Papua New Guinea or Libya. Each country is colored based on the difference in imports they receive from Papua New Guinea and Libya or the difference in the growth in imports.
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).
In 2022, countries that imported more from Libya than Papua New Guinea included Italy ($9.26B), Spain ($3.48B), and Germany ($3.32B).
) and Papua New Guinea () (2022)This chart compares trade between Papua New Guinea and Libya by product, considering products traded by both, Papua New Guinea and Libya.
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 Papua New Guinea and Libya. This means that a dot/product with the flag of Papua New Guinea indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Papua New Guinea.
) and Libya () (2019)
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