Economy of Libya. Statistics, Data and Indicators
Libya
| N/AN/A | Credit rank # |
| N/A | Quality of life # |
| 173 | Corruption rank#156 |
| 186 | Ease of doing business#162 |
Libya Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 25.42 USD Billion | 2020 |
| GDP Annual Growth Rate | -60.3 % | 2020 |
| GDP per capita | 5504 USD | 2020 |
| Inflation Rate YoY | 2.8 % | Dec/20 |
| Interest Rate | 3 % | May/21 |
| Unemployment Rate | 18.63 % | 2020 |
| Balance of Trade | 14754 LYD Million | 3.272 B USD | 2019 |
| Current Account | 5733 LYD Million | 1.272 B USD | 2019 |
GDP
25.42
USD Billion
#90 from 174 countries
GDP per capita
5504
USD
#77 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 25.42 USD Billion | 2020 |
| GDP Annual Growth Rate | -60.3 % | 2020 |
| GDP per capita | 5504 USD | 2020 |
| GDP Constant Prices | 20388 LYD Million | 14.53 B USD | 2014 |
| GDP per capita PPP | 10282 USD | 2020 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 155 % | 2020 |
| Government Budget Value | -11552 LYD Million | -2.562 B USD | 2019 |
| Government Revenues | 22818 LYD Million | 5.061 B USD | 2020 |
| Fiscal Expenditure | 37310 LYD Million | 8.275 B USD | 2020 |
| Government Budget to GDP | -103 % | 2020 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 270 Index Points | Dec/20 |
| Food Inflation | 3.15 % | Dec/20 |
| GDP Deflator | 211 Index Points | 2014 |
| Inflation Rate YoY | 2.8 % | Dec/20 |
| CPI Housing Utilities | 176 Index Points | Dec/20 |
| CPI Transportation | 186 Index Points | Dec/20 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 9.3 % | 2019 |
| Balance of Trade | 14754 LYD Million | 3.272 USD Billion | 2019 |
| Capital Flows | -4567 LYD Million | -1.013 USD Billion | 2019 |
| Current Account | 5733 LYD Million | 1.272 USD Billion | 2019 |
| Exports | 38788 LYD Million | 8.603 USD Billion | 2019 |
| Imports | 24034 LYD Million | 5.331 USD Billion | 2019 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 117 Tonnes | 1Q/21 |
| Interest Rate | 3 % | May/21 |
| Money Supply M0 | 66532 LYD Million | 14.756 USD Billion | Dec/20 |
| Money Supply M1 | 122950 LYD Million | 27.269 B USD | Dec/20 |
| Money Supply M2 | 125543 LYD Million | 27.844 B USD | Dec/20 |
| Deposit Interest Rate | 2.5 % | 2014 |
| Foreign Direct Investment | -482 LYD Million | -0.107 B USD | 2019 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 18.63 % | 2020 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20 % | 2021 |
| Personal Income Tax Rate | 10 % | 2021 |
| Social Security Rate | 15 % | 2020 |
| Social Security Rate For Companies | 11.25 % | 2020 |
| Social Security Rate For Employees | 3.75 % | 2020 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 1243 BBL/D/1K | Jun/21 |
| Steel Production | 73.23 Thousand Tonnes | Dec/20 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 17 index points | 2020 |
| Corruption Rank | 173 place | 2020 |
| Ease of Doing Business | 186 place | 2019 |
Gold Reserves
117
Tonnes
#32 from 114 countries
Foreign Exchange Reserves
N/A
N/A
#N/A from
N/A countries
Government Budget Value
-2.562
B USD
#95 from 113 countries
Inflation Rate
2.8
%
#174 from
174 countries
Interest Rate
3
%
#96 from
159 countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
18.63
%
#17 from
171 countries
Wages
N/A
N/A
#N/A from
N/A countries
