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Libya

Economy overviewAfrica

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GDP1.9%
Inflation2.1%
Unemploy.19.1%
Debt
Invest.14.3%
Fiscal-25.9% GDP
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GDP Growth
1.9%
2024 · World Bank WDI
GDP per capita
Output per person at market prices (current USD)
$7k
▶ CHART
GDP (PPP) per capita
Output per person adjusted for local purchasing power
$14k
▶ CHART
GDP 5Y avg growth
Average real GDP growth rate over the last 5 years
0.5%
▶ CHART
Nominal GDP
Total economic output in current US dollars (billions)
$48.5bn
▶ CHART
GDP Growth — 10-year trend
Historical data
2024
1.9%
2023
10.2%
2022
-8.3%
2021
28.3%
2020
-29.5%
2019
-11.2%
2018
7.9%
2017
32.5%
2016
-1.5%
2015
-0.8%
2014

Compare with peers

🇿🇦
South Africa
GDP: 0.5%
🇳🇬
Nigeria
GDP: 4.1%
🇪🇬
Egypt
GDP: 2.4%
🇪🇹
Ethiopia
GDP: 7.6%
🇰🇪
Kenya
GDP: 4.7%
🇬🇭
Ghana
GDP: 5.6%