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 | 42.82 USD Billion | 2021 |
| GDP Annual Growth Rate | 177 % | 2021 |
| GDP per capita | 9044 USD | 2021 |
| Inflation Rate YoY | 3.8 % | Nov/22 |
| Interest Rate | 3 % | Dec/22 |
| Unemployment Rate | 19.6 % | 2021 |
| Balance of Trade | 3169 LYD Million | 0.666 B USD | 2020 |
| Current Account | -5514 LYD Million | -1.159 B USD | 2020 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 42.82 USD Billion | 2021 |
| GDP Annual Growth Rate | 177 % | 2021 |
| GDP per capita | 9044 USD | 2021 |
| GDP Constant Prices | 20388 LYD Million | 14.53 B USD | 2014 |
| GDP per capita PPP | 21965 USD | 2021 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 155 % | 2020 |
| Government Budget Value | -19844 LYD Million | -4.173 B USD | 2021 |
| Government Revenues | 105620 LYD Million | 22.209 B USD | 2021 |
| Fiscal Expenditure | 85776 LYD Million | 18.036 B USD | 2021 |
| Government Budget to GDP | 11.3 % | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 291 Index Points | Nov/22 |
| Food Inflation | 3.75 % | Nov/22 |
| GDP Deflator | 211 Index Points | 2014 |
| Inflation Rate YoY | 3.8 % | Nov/22 |
| CPI Housing Utilities | 194 Index Points | Nov/22 |
| CPI Transportation | 212 Index Points | Nov/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 21.6 % | 2021 |
| Balance of Trade | 3169 LYD Million | 0.666 USD Billion | 2020 |
| Capital Flows | -8022 LYD Million | -1.687 USD Billion | 2020 |
| Current Account | -5514 LYD Million | -1.159 USD Billion | 2020 |
| Exports | 14294 LYD Million | 3.006 USD Billion | 2020 |
| Imports | 11126 LYD Million | 2.339 USD Billion | 2020 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 117 Tonnes | 3Q/22 |
| Interest Rate | 3 % | Dec/22 |
| Money Supply M0 | 54615 LYD Million | 11.484 USD Billion | Jun/22 |
| Money Supply M1 | 99023 LYD Million | 20.822 B USD | Jun/22 |
| Money Supply M2 | 102295 LYD Million | 21.51 B USD | Jun/22 |
| Deposit Interest Rate | 2.5 % | 2014 |
| Foreign Direct Investment | -487 LYD Million | -0.102 B USD | 2020 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 19.6 % | 2021 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20 % | 2022 |
| Personal Income Tax Rate | 10 % | 2022 |
| Social Security Rate | 15 % | 2022 |
| Social Security Rate For Companies | 11.25 % | 2022 |
| Social Security Rate For Employees | 3.75 % | 2022 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 1159 BBL/D/1K | Dec/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 |
