Libya General government total expenditure (% of GDP) Statistics

10, Dec 2019, EST.

Welcome to the beta version of Econ Stats, the Economic Statistics Database service provided by EconomyWatch.com.

Country or Region: Libya › Change country
Economic Indicator: General government total expenditure (% of GDP) › See all Libya indicators, › See General government total expenditure (% of 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

Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account. See notes for: General government total expenditure (National currency).

General government total expenditure (% of GDP) Statistics for Libya , Year 2015 - In Detail

General government total expenditure (% of GDP) for Libya in year 2015 is 76.693 %. Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.

This makes Libya No. 3 in world rankings according to General government total expenditure (% of GDP) in year 2015. The world's average General government total expenditure (% of GDP) value is 33.88 %; Libya is 42.81 more than the average.

In the previous year, 2014, General government total expenditure (% of GDP) for Libya was 78.17 % General government total expenditure (% of GDP) for Libya in 2015 was or will be 1.89% less than it was or will be in 2014.

In the following or forecasted year, 2016, General government total expenditure (% of GDP) for Libya was or will be 74.80 %, which is 2.47% less than the 2015 figure.

* Source: IMF
General government total expenditure (% of GDP) for Libya, in other Years
Year %
  2021 49.04
  2020 50.986
  2019 58.268
  2018 64.332
  2017 68.953
  2016 74.797
2015 76.693
  2014 78.17
  2013 69.22
  2012 44.492
  2011 55.006
  2010 53.369
  2009 58.156
  2008 40.829
  2007 33.699
  2006 31.155
  2005 29.055
  2004 42.372
  2003 43.057
  2002 42.185
  2001 38.164
  2000 27.627
  1999 27.821
  1998 33.911
  1997 35.424
  1996 31.745
  1995 28.547
  1994 29.444
  1993 31.185
  1992 26.47
  1991 28.355
  1990 30.956
  1989 n/a
  1988 n/a
  1987 n/a
  1986 n/a
  1985 n/a
  1984 n/a
  1983 n/a
  1982 n/a
  1981 n/a
  1980 n/a