Libya LY: DEC Alternative Conversion Factor: per USD data was reported at 1.385 LYD/USD in 2017. This records a decrease from the previous number of 1.389 LYD/USD for 2016. Libya LY: DEC Alternative Conversion Factor: per USD data is updated yearly, averaging 0.357 LYD/USD from Dec 1965 (Median) to 2017, with 52 observations. The data reached an all-time high of 1.389 LYD/USD in 2016 and a record low of 0.281 LYD/USD in 1991. Libya LY: DEC Alternative Conversion Factor: per USD data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Exchange Rates and Real Effective Exchange Rates. The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.; ; International Monetary Fund, International Financial Statistics, supplemented by World Bank staff estimates.; ; In the WDI database, the DEC alternative conversion factor is used to convert data in local currency units (LCU) into U.S. dollars.

Contains data from the World Bank's data portal covering the following topics which also exist as individual datasets on HDX: Agriculture and Rural Development, Aid Effectiveness, Economy and Growth, Education, Energy and Mining, Environment, Financial Sector, Health, Infrastructure, Social Protection and Labor, Private Sector, Public Sector, Science and Technology, Social Development, Urban Development, Gender, Climate Change, External Debt, Trade.

Libya: Economic growth: the rate of change of real GDP: The latest value from 2024 is -0.61 percent, a decline from 10.16 percent in 2023. In comparison, the world average is 3.20 percent, based on data from 177 countries. Historically, the average for Libya from 1961 to 2024 is 5.71 percent. The minimum value, -50.34 percent, was reached in 2011 while the maximum of 86.83 percent was recorded in 2012.

Libya LY: GDP: USD: Gross Value Added at Factor Cost data was reported at 86.408 USD bn in 2008. This records an increase from the previous number of 70.696 USD bn for 2007. Libya LY: GDP: USD: Gross Value Added at Factor Cost data is updated yearly, averaging 50.788 USD bn from Dec 2002 (Median) to 2008, with 7 observations. The data reached an all-time high of 86.408 USD bn in 2008 and a record low of 20.405 USD bn in 2002. Libya LY: GDP: USD: Gross Value Added at Factor Cost data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank: Gross Domestic Product: Nominal. Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Libya LY: GDP: Gross Value Added at Factor Cost: Industry data was reported at 82,677.700 LYD mn in 2008. This records an increase from the previous number of 68,211.000 LYD mn for 2007. Libya LY: GDP: Gross Value Added at Factor Cost: Industry data is updated yearly, averaging 50,149.000 LYD mn from Dec 2002 (Median) to 2008, with 7 observations. The data reached an all-time high of 82,677.700 LYD mn in 2008 and a record low of 17,123.800 LYD mn in 2002. Libya LY: GDP: Gross Value Added at Factor Cost: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank: Gross Domestic Product: Nominal. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.

Libya: Economic growth forecast: The latest value from 2030 is 2.23 percent, an increase from 2.01 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Libya from 1980 to 2030 is 1 percent. The minimum value, -50.34 percent, was reached in 2011 while the maximum of 86.83 percent was recorded in 2012.

Libya LY: GDP: Gross Value Added at Factor Cost: Services data was reported at 21,078.700 LYD mn in 2008. This records an increase from the previous number of 19,190.300 LYD mn for 2007. Libya LY: GDP: Gross Value Added at Factor Cost: Services data is updated yearly, averaging 14,747.200 LYD mn from Dec 2002 (Median) to 2008, with 7 observations. The data reached an all-time high of 21,078.700 LYD mn in 2008 and a record low of 6,521.300 LYD mn in 2003. Libya LY: GDP: Gross Value Added at Factor Cost: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank: Gross Domestic Product: Nominal. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.

Libya LY: GDP: USD: Gross Value Added at Factor Cost: Agriculture data was reported at 1.612 USD bn in 2008. This records an increase from the previous number of 1.472 USD bn for 2007. Libya LY: GDP: USD: Gross Value Added at Factor Cost: Agriculture data is updated yearly, averaging 1.188 USD bn from Dec 2002 (Median) to 2008, with 7 observations. The data reached an all-time high of 1.612 USD bn in 2008 and a record low of 1.062 USD bn in 2002. Libya LY: GDP: USD: Gross Value Added at Factor Cost: Agriculture data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Gross Domestic Product: Nominal. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total; Note: Data for OECD countries are based on ISIC, revision 4.

Libya LY: PPP Conversion Factor: Private Consumption data was reported at 0.691 LYD/Intl $ in 2013. This records an increase from the previous number of 0.683 LYD/Intl $ for 2012. Libya LY: PPP Conversion Factor: Private Consumption data is updated yearly, averaging 0.649 LYD/Intl $ from Dec 1990 (Median) to 2013, with 24 observations. The data reached an all-time high of 0.782 LYD/Intl $ in 1999 and a record low of 0.514 LYD/Intl $ in 2006. Libya LY: PPP Conversion Factor: Private Consumption data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank: Gross Domestic Product: Purchasing Power Parity. Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for private consumption (i.e., household final consumption expenditure). For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).; ; World Bank, International Comparison Program database.; ;

Libya LY: GDP: Real: Gross Value Added at Factor Cost: Services data was reported at 55,540.320 LYD mn in 2023. This records an increase from the previous number of 51,543.698 LYD mn for 2022. Libya LY: GDP: Real: Gross Value Added at Factor Cost: Services data is updated yearly, averaging 41,950.759 LYD mn from Dec 2006 (Median) to 2023, with 18 observations. The data reached an all-time high of 55,540.320 LYD mn in 2023 and a record low of 26,235.300 LYD mn in 2006. Libya LY: GDP: Real: Gross Value Added at Factor Cost: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Gross Domestic Product: Real. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges and import duties. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;;Note: Data for OECD countries are based on ISIC, revision 4.

Libya LY: GDP: PPP data was reported at 125,141.996 Intl $ mn in 2017. This records an increase from the previous number of 97,043.022 Intl $ mn for 2016. Libya LY: GDP: PPP data is updated yearly, averaging 116,334.162 Intl $ mn from Dec 1999 (Median) to 2017, with 19 observations. The data reached an all-time high of 179,095.337 Intl $ mn in 2010 and a record low of 69,322.560 Intl $ mn in 2011. Libya LY: GDP: PPP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).; ; World Bank, International Comparison Program database.; Gap-filled total;

Libya GDP: % of Total Value Added: Services data was reported at 51.560 % in 2019. This records an increase from the previous number of 50.530 % for 2018. Libya GDP: % of Total Value Added: Services data is updated yearly, averaging 46.430 % from Dec 2006 (Median) to 2019, with 14 observations. The data reached an all-time high of 71.720 % in 2016 and a record low of 19.600 % in 2006. Libya GDP: % of Total Value Added: Services data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Libya – Table LY.OECD.GGI: Governance: Economic Environment and Growth: Non OECD Member: Annual.

Libya LY: GDP: USD data was reported at 50.984 USD bn in 2017. This records an increase from the previous number of 32.257 USD bn for 2016. Libya LY: GDP: USD data is updated yearly, averaging 33.996 USD bn from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 87.140 USD bn in 2008 and a record low of 20.482 USD bn in 2002. Libya LY: GDP: USD data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank: Gross Domestic Product: Nominal. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Libya LY: Imports: Goods: by Reporting Economy data was reported at 6.547 USD bn in 2016. This records a decrease from the previous number of 8.209 USD bn for 2015. Libya LY: Imports: Goods: by Reporting Economy data is updated yearly, averaging 4.601 USD bn from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 17.896 USD bn in 2010 and a record low of 149.200 USD mn in 1961. Libya LY: Imports: Goods: by Reporting Economy data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Imports. Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars.; ; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; Sum;

Libya LY: PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio data was reported at 0.407 % in 2017. This records an increase from the previous number of 0.332 % for 2016. Libya LY: PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio data is updated yearly, averaging 0.385 % from Dec 1999 (Median) to 2017, with 19 observations. The data reached an all-time high of 0.520 % in 2012 and a record low of 0.218 % in 2002. Libya LY: PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank: Gross Domestic Product: Purchasing Power Parity. Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States. The ratio of PPP conversion factor to market exchange rate is the result obtained by dividing the PPP conversion factor by the market exchange rate. The ratio, also referred to as the national price level, makes it possible to compare the cost of the bundle of goods that make up gross domestic product (GDP) across countries. It tells how many dollars are needed to buy a dollar's worth of goods in the country as compared to the United States. PPP conversion factors are based on the 2011 ICP round.; ; World Bank, International Comparison Program database.; ;

LY: GDP: USD: Gross Value Added at Factor Cost: Services data was reported at 17.227 USD bn in 2008. This records an increase from the previous number of 15.199 USD bn for 2007. LY: GDP: USD: Gross Value Added at Factor Cost: Services data is updated yearly, averaging 11.271 USD bn from Dec 2002 (Median) to 2008, with 7 observations. The data reached an all-time high of 17.227 USD bn in 2008 and a record low of 5.095 USD bn in 2003. LY: GDP: USD: Gross Value Added at Factor Cost: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank: Gross Domestic Product: Nominal. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total; Note: Data for OECD countries are based on ISIC, revision 4.

Libya LY: GDP: Growth: Exports of Goods and Services data was reported at -17.372 % in 2015. This records an increase from the previous number of -54.635 % for 2014. Libya LY: GDP: Growth: Exports of Goods and Services data is updated yearly, averaging -7.317 % from Dec 2004 (Median) to 2015, with 12 observations. The data reached an all-time high of 218.095 % in 2012 and a record low of -70.530 % in 2011. Libya LY: GDP: Growth: Exports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of exports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Libya LY: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 4.452 % in 2008. This records a decrease from the previous number of 4.728 % for 2007. Libya LY: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 5.037 % from Dec 2002 (Median) to 2008, with 7 observations. The data reached an all-time high of 5.924 % in 2003 and a record low of 3.126 % in 2002. Libya LY: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank: Gross Domestic Product: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

Libya LY: GDP: % of GDP: Imports of Goods and Services data was reported at 70.644 % in 2015. This records a decrease from the previous number of 91.883 % for 2014. Libya LY: GDP: % of GDP: Imports of Goods and Services data is updated yearly, averaging 30.145 % from Dec 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 91.883 % in 2014 and a record low of 13.723 % in 2000. Libya LY: GDP: % of GDP: Imports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Gross Domestic Product: Share of GDP. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Libya LY: GDP: % of GDP: Gross Value Added: Services data was reported at 19.937 % in 2008. This records a decrease from the previous number of 21.499 % for 2007. Libya LY: GDP: % of GDP: Gross Value Added: Services data is updated yearly, averaging 21.499 % from Dec 2002 (Median) to 2008, with 7 observations. The data reached an all-time high of 28.716 % in 2002 and a record low of 19.496 % in 2006. Libya LY: GDP: % of GDP: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Gross Domestic Product: Share of GDP. Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.