19, Jan 2020, EST.

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Country or Region: Libya › Change country
Economic Indicator: Current Account Balance (% GDP) › See all Libya indicators, › See Current Account Balance (% GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Libyan Dinar
Currency Symbol: LYD

Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income. See notes for: Gross domestic product, current prices (National currency) Current account balance (U.S. dollars).

Current Account Balance (% GDP) for Libya in year 2015 is -43.611 %. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

This makes Libya No. 188 in world rankings according to Current Account Balance (% GDP) in year 2015. The world's average Current Account Balance (% GDP) value is -4.12 %; Libya is 39.49 less than the average.

In the previous year, 2014, Current Account Balance (% GDP) for Libya was -27.83 % Current Account Balance (% GDP) for Libya in 2015 was or will be 56.69% more than it was or will be in 2014.

In the following or forecasted year, 2016, Current Account Balance (% GDP) for Libya was or will be -48.65 %, which is 11.56% more than the 2015 figure.