Published: Monday, 21th October 2024
The Standard of living in Libya is 1.20 times lesser as compared to Morocco.
In this page, you will find side-by-side Standard of Living comparison between Libya and Morocco. We have created 53 standard-of-living indicators. We average the values and ranges of all those indicators and take a mathematically calculated approach to determine which country has a better standard of living between Libya and Morocco.
 Indicators  | Libya  | Morocco  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $48.22 billion USD | $147.343 billion USD |
GDP Per Capita (2023)  | 6,987 USD | 3,979 USD |
GINI Ratio (2023)  | 0.30 | 0.40 |
Inflation on Consumer Prices (2023)  | 2.37 % annually | 6.09 % annually |
Central Government Debt (2023)  | Yet to Update | 51.2 % of GDP |
Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country in a specific time period, usually a year. It is used to gauge the economic performance of a country and indicates how wealthy and productive a nation is. In simple terms, GDP tells us how much a country is producing and how well its economy is doing.
As per the statistics from the World Bank Data for the year 2023, the total GDP of Libya is $48.22 billion USD and that of Morocco is $147.343 billion USD.
On the other hand, Gross Domestic Product (GDP) Per Capita is the average economic output per person in a country. Simply put, it shows how much, on average, each person contributes to the economy, giving an idea of the standard of living and economic well-being of the people in that country.
From the above data, we can say that a person living and working in Libya contributes more to the country's economy compared to a person working in Morocco.
Indicators | Libya | Morocco |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.746 | 0.698 |
Human Capital Index (HCI) (2024)  | Yet to Update | 0.5 |
Literacy Rate (2023)  | 76.5% (15 years+ above age) | 77.35% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 72.2 years | 72.6 years |
Healthy Life Expectancy Ratio (2023)  | 62.1 years | 62.3 years |
Poverty Ratio (2023)  | Yet to Update | 4.8% of total Population |
Unemployment Rate (2023)  | 18.74% of total labor force | 9.11% of total labor force |
The Human Development Index (HDI) is a measure used to assess the overall well-being and quality of life of people living in a country. The key dimensions that give a country good HDI rank are a long and healthy life, being knowledgeable and having a decent standard of living.
From the above given statistics, we can see that the HDI of Libya is [ 0.746 ] and the HDI of Morocco is [ 0.698 ].
The data shows that the people living in Libya has better income, life expectancy and education level compared to Morocco.
Indicators | Libya | Morocco |
|---|---|---|
Gross National Expenditure (2023)  | 72.67 % of GDP | 108.3 % of GDP |
Total Health Expenditure (2023)  | 4.02 % of GDP | 5.74 % of GDP |
Research and Development Expenditure (2023)  | Yet to Update | 0.66 % of GDP |
Government Expenditure on Education (2023)  | 2.26 % of GDP | 5.77 % of GDP |
International Tourism Expenditure (2023)  | 2,042 million USD | 1,509 million USD |
Number of International Tourists Arrivals (2023)  | 760,000 | 2,802,000 |
Military Expenditure (2023)  | 15.48 % of GDP | 3.9 (% of GDP) |
The total Gross National Expenditure of Libya is 72.67% of its GDP and the total Gross National Expenditure of Morocco is 108.3% of its GDP.
From the above data, we can say that Libya spends 1.49 times less of its GDP on Gross National Expenditure compared to Morocco.
Indicators | Libya | Morocco |
|---|---|---|
Number of Doctors (2023)  | 21.57 (Per 10,000 People) | 7.32 (Per 10,000 People) |
Number of Nurses (2023)  | 67.4 (Per 10,000 People) | 13.9 (Per 10,000 People) |
Number of Pharmacists (2023)  | 6.2 (Per 10,000 People) | 2.6 (Per 10,000 People) |
Available Hospital Beds (2023)  | 3.2 (Per 1000 People) | 1 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 93 % of total Population | 88.5 % of total Population |
Libya has 2.95 times more Doctors compared to Morocco (Per 10,000 People).
Libya has 4.85 times more Nurses compared to Morocco (Per 10,000 People).
Indicators | Libya | Morocco |
|---|---|---|
Agricultural Land (2023)  | 153,500 Sq Km | 302,910 Sq Km |
Forest Area (2023)  | 2,170 Sq Km | 57,529.57 Sq Km |
CO2 Emissions (2023)  | 0.41 kg per PPP $ of GDP | 0.23 kg per PPP $ of GDP |
Access to Electricity (2023)  | 70 % of total Population | 100 % of total Population |
Access to Internet (2023)  | 17.76 % of total Population | 88.13 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 5.72 Billion cubic meters | 10.57 Billion cubic meters |
70% of the total Population of Libya has access to the electricity in their homes, whereas, in case of Morocco, 100% of the total Population has access to electricity.
Indicators | Libya | Morocco |
|---|---|---|
Time Required to Start a Business (2023)  | 35 Days | 9 Days |
New Businesses Registered (2023)  | Yet to Update | 63,229 (New Businesses) |
New Businesses Registration Density (2023)  | Yet to Update | 2.57 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 24.6 % of GNI Per Capita | 3.6 % of GNI Per Capita |
It usually takes 35 days in Libya and 9 days in Morocco to register a new business legally and systematically.
Indicators | Libya | Morocco |
|---|---|---|
Imports of Goods and Services (2023)  | 41.3 % of GDP | 52.26 % of GDP |
Total Fuel Imports (2023)  | 13.14 % of Merchandise Imports | 20.77 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 637.43 USD | 228.11 USD |
Time to Import Border Compliance (2023)  | 78.86 Hours | 57 Hours |
Cost to Import Documentary Compliance (2023)  | 60 USD | 116.44 USD |
Time to Import Documentary Compliance (2023)  | 96 Hours | 26 Hours |
Indicators | Libya | Morocco |
|---|---|---|
Exports of Goods and Services (2023)  | 68.63 % of GDP | 43.95 % of GDP |
Total Fuel Exports (2023)  | 94.41 % of Merchandise Exports | 1.01 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 574.86 USD | 155.77 USD |
Time to Export Border Compliance (2023)  | 72 Hours | 6 Hours |
Cost to Export Documentary Compliance (2023)  | 50 USD | 67 USD |
Time to Export Documentary Compliance (2023)  | 72 Hours | 25.62 Hours |
Indicators | Libya | Morocco |
|---|---|---|
Gross National Savings (2023)  | 39.62 % of GDP | 26.78 % of GDP |
Tax Revenue (2023)  | Yet to Update | 22.12 % of GDP |
Taxes on Exports (2023)  | Yet to Update | 1.57 % of Tax Revenue |
Taxes on Goods and Services (2023)  | Yet to Update | 43.87 % of Tax Revenue |
Taxes on International Trade (2023)  | Yet to Update | 4.04 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 889 Hours | 155 Hours |
Customs and Other Import Duties (2023)  | Yet to Update | 4.72 % of Tax Revenue |
We hope you enjoyed the detailed guide on the standard of living comparsion between Libya and Morocco.
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