Libya Economic Statistics and Indicators

21, Nov 2018, EST. Welcome to the Libya economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Libya › Change country
National or Regional Currency: Libyan Dinar, LYD
Year of data: 2015 › Change year
Number of Indicators Listed: 34
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 6244174 ; note: immigrants make up just over 12% of the total population, according to UN data (2013) (July 2014 est.)
Area: total: 1,759,540 sq km ; land: 1,759,540 sq km ; water: 0 sq km
Natural Resources: petroleum, natural gas, gypsum
Capital: name: Tripoli (Tarabulus) ; geographic coordinates: 32 53 N, 13 10 E ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Friday in March; ends last Friday in October ; note: on 10 November 2012, Libya changed its standard time from UTC+2 to UTC+1

Libya's economy is structured primarily around the nation's energy sector, which generates about 95% of export earnings, 80% of GDP, and 99% of government income. Substantial revenue from the energy sector coupled with a small population give Libya one of the highest per capita GDPs in Africa, but Tripoli largely has not used its significant financial resources to develop national infrastructure or the economy, leaving many citizens poor. In the final five years of QADHAFI's rule, Libya made some progress on economic reform as part of a broader campaign to reintegrate the country into the international fold. This effort picked up steam after UN sanctions were lifted in September 2003 and after Libya announced in December 2003 that it would abandon programs to build weapons of mass destruction. The process of lifting US unilateral sanctions began in the spring of 2004; all sanctions were removed by June 2006, helping Libya attract greater foreign direct investment, especially in the energy and banking sectors. Libyan oil and gas licensing rounds drew high international interest, but new rounds are unlikely to be successful until Libya establishes a more permanent government and is able to offer more attractive financial terms on contracts and increase security. Libya faces a long road ahead in liberalizing its primarily socialist economy, but the revolution has unleashed previously restrained entrepreneurial activity and increased the potential for the evolution of a more market-based economy. The service and construction sectors expanded over the past five years and could become a larger share of GDP if Tripoli prioritizes capital spending on development projects once political and security uncertainty subside. Climatic conditions and poor soils severely limit agricultural output, and Libya imports about 80% of its food. Libya's primary agricultural water source is the Great Manmade River Project.
More on the Libya Economy
More on the Libya Export, Import and Trade

Economic Indicator Listing
  For Libya in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) -6.381 %
GDP (Current Prices, National Currency)LYD 52.899 Billion.
GDP (Current Prices, US Dollars)US$ 38.3 Billion
GDP Deflator 233.07 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)LYD 3,590.41 .
GDP Per Capita (Current Prices, National Currency)LYD 8,368.15 .
GDP Per Capita (Current Prices, US Dollars)US$ 6,058.67
GDP (PPP), US DollarsUS$ 92.608 Billion
GDP Per Capita (PPP), US DollarsUS$ 14,649.63
GDP Share of World Total (PPP) 0.082 %
Implied PPP Conversion Rate 0.571
Investment (% of GDP) 31.599 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 181.774 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 8 %
Inflation, End of Year (Indexed to Year 2000) 187.501 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 11.656 %
Import Volume of All Items Including Goods and Services (Percent Change) 7.669 %
Import Volumes of Goods Only (Percent Change) 9.191 %
Export Volume of All Items Including Goods and Services (Percent Change) -8.354 %
Export Volumes of Goods Only (Percent Change) -9.048 %
Population 6.322 Million
General government revenue (National Currency)LYD 11.795 Billions.
General government revenue (% of GDP) 22.297 %
General government total expenditure (National Currency)LYD 40.57 Billions.
General government total expenditure (% of GDP) 76.693 %
Total Government Net Lending/ Borrowing (National Currency)LYD -28.775 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -54.396 %
Fiscal Year Gross Domestic Product, Current PricesLYD 52.899 Billions.
Current Account Balance (US Dollars)US$ -16.703 Billion
Current Account Balance (% GDP) -43.611 %
Economic Indicators for Libya 2015

GDP (Constant Prices, National Currency) for Libya in year 2015 is LYD 22.697 Billion.

GDP Growth (Constant Prices, National Currency) for Libya in year 2015 is -6.381 %.

GDP (Current Prices, National Currency) for Libya in year 2015 is LYD 52.899 Billion.

GDP (Current Prices, US Dollars) for Libya in year 2015 is US$ 38.3 Billion.

GDP Deflator for Libya in year 2015 is 233.07 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Libya in year 2015 is LYD 3,590.41 .

GDP Per Capita (Current Prices, National Currency) for Libya in year 2015 is LYD 8,368.15 .

GDP Per Capita (Current Prices, US Dollars) for Libya in year 2015 is US$ 6,058.67 .

GDP (PPP), US Dollars for Libya in year 2015 is US$ 92.608 Billion.

GDP Per Capita (PPP), US Dollars for Libya in year 2015 is US$ 14,649.63 .

GDP Share of World Total (PPP) for Libya in year 2015 is 0.082 %.

Implied PPP Conversion Rate for Libya in year 2015 is 0.571 .

Investment (% of GDP) for Libya in year 2015 is 31.599 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Libya in year 2015 is 181.774 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Libya in year 2015 is 8 %.

Inflation, End of Year (Indexed to Year 2000) for Libya in year 2015 is 187.501 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Libya in year 2015 is 11.656 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Libya in year 2015 is 7.669 %.

Import Volumes of Goods Only (Percent Change) for Libya in year 2015 is 9.191 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Libya in year 2015 is -8.354 %.

Export Volumes of Goods Only (Percent Change) for Libya in year 2015 is -9.048 %.

Population for Libya in year 2015 is 6.322 Million .

General government revenue (National Currency) for Libya in year 2015 is LYD 11.795 Billions.

General government revenue (% of GDP) for Libya in year 2015 is 22.297 %.

General government total expenditure (National Currency) for Libya in year 2015 is LYD 40.57 Billions.

General government total expenditure (% of GDP) for Libya in year 2015 is 76.693 %.

Total Government Net Lending/ Borrowing (National Currency) for Libya in year 2015 is LYD -28.775 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Libya in year 2015 is -54.396 %.

Fiscal Year Gross Domestic Product, Current Prices for Libya in year 2015 is LYD 52.899 Billions.

Current Account Balance (US Dollars) for Libya in year 2015 is US$ -16.703 Billion.

Current Account Balance (% GDP) for Libya in year 2015 is -43.611 %.

* Source: IMF
Aggregate Indicators for Libya
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Libya
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Libya
  Natural Resources, Agricultural Products, Land Use and Water Use for Libya
  Nationality, Ethnic Groups, Languages and Religions for Libya
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Libya
  Age Structure, Median Age, Gender and Urbanization for Libya
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Libya
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Libya
  HIV, AIDS and Other Major Infectious Disease Rates for Libya
  Literacy Rate, Educational Expenditure and School Life Expectancy for Libya
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Libya
  Industries and Industrial Growth Production Rate for Libya
  Labor Force by Occupation for Libya
  Poverty Line, Gini Index, Household Income and Consumption for Libya
  National Budget and Public Debt for Libya
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Libya
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Libya
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Libya
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Libya
  Foreign Exchange Reserves and Gold Reserves for Libya
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Libya
  Exchange Rate Statistics for Libya
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Libya
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Libya
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Libya
  Television and Radio Statistics (TV Stats, Radio Stats) for Libya
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Libya
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Libya
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Libya
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Libya
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Libya
* Source: CIA
Internet Indicators for Libya
Indicators
  Number of Internet Users for Libya
  Internet Penetration Rate for Libya
  Number of Facebook Accounts for Libya
  Facebook Penetration Rate for Libya
* Source: IWS
Economic Freedom Indicators for Libya
Indicators
  Economic Freedom World Rank for Libya
  Government Spending for Libya
  Monetary Freedom for Libya
  Investment Freedom for Libya
  Financial Freedom for Libya
  Property Rights for Libya
  Economic Freedom Regional Ranking for Libya
  Freedom from Corruption for Libya
  Labor Freedom for Libya
  Tariff Rate for Libya
  Income Tax Rate for Libya
  Corporate Tax Rate for Libya
  Tax Burden % of GDP for Libya
  Government Expenditure % of GDP for Libya
  Business Freedom for Libya
  Trade Freedom for Libya
  Fiscal Freedom for Libya
  2016 Score for Libya
* Source: HFO
Libya Economic Indicators in other Years
  Libya Economic Indicators for Year 2021 (Forecast)
  Libya Economic Indicators for Year 2020 (Forecast)
  Libya Economic Indicators for Year 2019 (Forecast)
  Libya Economic Indicators for Year 2018 (Forecast)
  Libya Economic Indicators for Year 2017 (Forecast)
  Libya Economic Indicators for Year 2016 (Forecast)
Libya Economic Indicators for Year 2015 (Current)
  Libya Economic Indicators for Year 2014
  Libya Economic Indicators for Year 2013
  Libya Economic Indicators for Year 2012
  Libya Economic Indicators for Year 2011
  Libya Economic Indicators for Year 2010
  Libya Economic Indicators for Year 2009
  Libya Economic Indicators for Year 2008
  Libya Economic Indicators for Year 2007
  Libya Economic Indicators for Year 2006
  Libya Economic Indicators for Year 2005
  Libya Economic Indicators for Year 2004
  Libya Economic Indicators for Year 2003
  Libya Economic Indicators for Year 2002
  Libya Economic Indicators for Year 2001
  Libya Economic Indicators for Year 2000
  Libya Economic Indicators for Year 1999
  Libya Economic Indicators for Year 1998
  Libya Economic Indicators for Year 1997
  Libya Economic Indicators for Year 1996
  Libya Economic Indicators for Year 1995
  Libya Economic Indicators for Year 1994
  Libya Economic Indicators for Year 1993
  Libya Economic Indicators for Year 1992
  Libya Economic Indicators for Year 1991
  Libya Economic Indicators for Year 1990
  Libya Economic Indicators for Year 1989
  Libya Economic Indicators for Year 1988
  Libya Economic Indicators for Year 1987
  Libya Economic Indicators for Year 1986
  Libya Economic Indicators for Year 1985
  Libya Economic Indicators for Year 1984
  Libya Economic Indicators for Year 1983
  Libya Economic Indicators for Year 1982
  Libya Economic Indicators for Year 1981
  Libya Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International