Economy of Libya. Statistics, Data and Indicators
Libya
| N/AN/A | Credit rank # |
| N/A | Quality of life # |
| 172 | Corruption rank#156 |
| 186 | Ease of doing business#162 |
Libya Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 41.88 USD Billion | 2021 |
| GDP Annual Growth Rate | 177 % | 2021 |
| GDP per capita | 8753 USD | 2021 |
| Inflation Rate YoY | 5.7 % | Mar/22 |
| Interest Rate | 3 % | May/22 |
| Unemployment Rate | 19.6 % | 2021 |
| Balance of Trade | 3169 LYD Million | 0.647 B USD | 2020 |
| Current Account | -5514 LYD Million | -1.125 B USD | 2020 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 41.88 USD Billion | 2021 |
| GDP Annual Growth Rate | 177 % | 2021 |
| GDP per capita | 8753 USD | 2021 |
| GDP Constant Prices | 20388 LYD Million | 14.53 B USD | 2014 |
| GDP per capita PPP | 21260 USD | 2021 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 155 % | 2020 |
| Government Budget Value | -11552 LYD Million | -2.358 B USD | 2019 |
| Government Revenues | 105620 LYD Million | 21.557 B USD | 2021 |
| Fiscal Expenditure | 85776 LYD Million | 17.507 B USD | 2021 |
| Government Budget to GDP | 13.8 % | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 288 Index Points | Mar/22 |
| Food Inflation | 5.53 % | Mar/22 |
| GDP Deflator | 211 Index Points | 2014 |
| Inflation Rate YoY | 5.7 % | Mar/22 |
| CPI Housing Utilities | 190 Index Points | Mar/22 |
| CPI Transportation | 208 Index Points | Mar/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 21.6 % | 2021 |
| Balance of Trade | 3169 LYD Million | 0.647 USD Billion | 2020 |
| Capital Flows | -8022 LYD Million | -1.637 USD Billion | 2020 |
| Current Account | -5514 LYD Million | -1.125 USD Billion | 2020 |
| Exports | 14294 LYD Million | 2.917 USD Billion | 2020 |
| Imports | 11126 LYD Million | 2.271 USD Billion | 2020 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 117 Tonnes | 1Q/22 |
| Interest Rate | 3 % | May/22 |
| Money Supply M0 | 55420 LYD Million | 11.311 USD Billion | Mar/22 |
| Money Supply M1 | 100695 LYD Million | 20.552 B USD | Mar/22 |
| Money Supply M2 | 104055 LYD Million | 21.237 B USD | Mar/22 |
| Deposit Interest Rate | 2.5 % | 2014 |
| Foreign Direct Investment | -487 LYD Million | -0.099 B USD | 2020 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 19.6 % | 2021 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20 % | 2021 |
| Personal Income Tax Rate | 10 % | 2021 |
| Social Security Rate | 15 % | 2021 |
| Social Security Rate For Companies | 11.25 % | 2021 |
| Social Security Rate For Employees | 3.75 % | 2021 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 629 BBL/D/1K | Jun/22 |
| Steel Production | 73.23 Thousand Tonnes | Dec/20 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 17 index points | 2021 |
| Corruption Rank | 172 place | 2021 |
| Ease of Doing Business | 186 place | 2019 |
