Skip to content
ChartBasis
Choose a language: English

Libya

Headline economic indicators for Libya, with the most recent official readings.

Prices

Prices — Libya
Indicator Value Change
Inflation rate · 1.8% -0.28 (-13.4%)
Consumer price index · 289.4 +5.23 (+1.8%)
GDP deflator inflation · -3.9% -12.45 (-146.3%)

GDP

GDP — Libya
Indicator Value Change
GDP growth rate · 13.4% +11.47 (+603.8%)
GDP per capita · 6,448.82 -120.34 (-1.8%)
GDP per capita, long-run history · 12,755 -2,042 (-13.8%)
GDP · 48,098,909,613.63 -388,241,602 (-0.8%)
GDP, PPP · 123,225,769,199 +17,495,700,953 (+16.5%)
GDP per capita, PPP · 16,521 +2,197 (+15.3%)
GDP per capita growth · 12.2% +11.33 (+1,318.6%)
GNI per capita · 7,250 +460.00 (+6.8%)
Agriculture to GDP · 1.5% -0.89 (-37.3%)
Industry to GDP · 73.2% -0.25 (-0.3%)
Manufacturing to GDP · 2.8% -0.85 (-23.2%)
Services to GDP · 26.9% -1.43 (-5.0%)
Household consumption to GDP · 30.9% -0.52 (-1.7%)
Gross capital formation to GDP · 14.3% +0.00 (+0.0%)
Gross savings to GDP · 25.9% -6.94 (-21.2%)

Labour

Labour — Libya
Indicator Value Change
Unemployment rate · 18.8% -0.33 (-1.7%)
Labour force participation rate · 48.0% -0.30 (-0.6%)
Female labour force participation rate · 33.0% -0.29 (-0.9%)
Youth unemployment rate · 50.1% -0.53 (-1.0%)
Employment to population ratio · 39.0% -0.09 (-0.2%)
Employment in agriculture · 10.0% -0.52 (-5.0%)
Employment in industry · 18.6% +0.54 (+3.0%)
Employment in services · 71.4% -0.02 (-0.0%)

Money

Money — Libya
Indicator Value Change
Real interest rate · 7.1% +1.17 (+19.8%)
Broad money to GDP · 64.4% -132.98 (-67.4%)
Private sector credit to GDP · 12.5% -0.51 (-3.9%)
Lending rate · 6.0% +0.00 (+0.0%)
Bank deposit rate · 2.5% +0.00 (+0.0%)
Official exchange rate · 5.3 +0.47 (+9.7%)

Trade

Trade — Libya
Indicator Value Change
Current account to GDP · 4.2% -17.98 (-80.9%)
Exports to GDP · 71.7% -0.02 (-0.0%)
Imports to GDP · 65.9% +0.16 (+0.2%)
Trade to GDP · 137.7% +0.15 (+0.1%)
Exports of goods and services · 34,493,399,341.61 -286,103,527 (-0.8%)
Imports of goods and services · 31,718,873,357.9 -176,853,647 (-0.6%)
Trade balance, goods and services (annual) · 4,468,600,000 -7,490,600,000 (-62.6%)
Current account balance (annual) · 1,864,600,000 -7,742,800,000 (-80.6%)
Foreign direct investment to GDP · 1.7% +0.28 (+19.6%)
Remittances received to GDP · 0.0% -0.01 (-16.0%)
Total reserves, including gold · 104,656,885,592.81 +11,763,177,415 (+12.7%)
Reserves in months of imports · 31.6 -3.58 (-10.2%)

Government

Government — Libya
Indicator Value Change
Government consumption to GDP · 32.3% -1.93 (-5.7%)
Education spending to GDP · 2.3% -1.86 (-45.1%)
Health spending to GDP · 7.8% +3.06 (+64.5%)

Demography

Demography — Libya
Indicator Value Change
Population · 7,458,555 +77,532 (+1.1%)
Population, long-run history · 7,169 +81.10 (+1.1%)
Population growth · 1.0% +0.02 (+1.8%)
Life expectancy · 71.1 +1.78 (+2.6%)
Fertility rate · 2.30 -0.06 (-2.4%)
Birth rate · 16.5 -0.53 (-3.1%)
Death rate · 6.5 -0.12 (-1.8%)
Urban population share · 87.9% +0.03 (+0.0%)
Population aged 65 and over · 5.2% +0.17 (+3.4%)
Under-five mortality rate · 9.8 -21.90 (-69.1%)
Population density · 4.2 +0.04 (+1.0%)
Net migration · -172 -3,620 (-105.0%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Libya; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.