Africa's Development: Annual real GDP growth rate Growth rate … 02 in Libya
Libya: Africa's Development: Annual real GDP growth rate Growth rate … 02 was 2.3 Percent per annum in 2029. ◆ Volatile
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Libya, 1990–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percent per annum.
Analysis
In 2029, africa's development dynamics (afdd) table 02 - annual real gdp in Libya stood at 2.3 Percent per annum.
That represents a change of up 6.9% on the previous year and up 120.5% over ten years.
Over the whole period, africa's development dynamics (afdd) table 02 - annual real gdp in Libya peaked at 86.83 Percent per annum in 2012 and was at its lowest, -50.34 Percent per annum, in 2011.
Libya ranks 118th of 166 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Africa's Development: Annual real GDP growth rate Growth rate … 02 in Libya, year by year
| Year | Percent per annum | Change |
|---|---|---|
| 1990 | 3.72 Percent per annum | — |
| 1991 | 18.32 Percent per annum | +392.5% |
| 1992 | -4.55 Percent per annum | -124.8% |
| 1993 | -5.47 Percent per annum | +20.3% |
| 1994 | 3.22 Percent per annum | -158.9% |
| 1995 | -15.43 Percent per annum | -579.3% |
| 1996 | 1.76 Percent per annum | -111.4% |
| 1997 | -2.63 Percent per annum | -249.8% |
| 1998 | -0.6764 Percent per annum | -74.3% |
| 1999 | -0.189 Percent per annum | -72.1% |
| 2000 | 4.04 Percent per annum | -2238.9% |
| 2001 | 2.63 Percent per annum | -35.0% |
| 2002 | -3.73 Percent per annum | -241.9% |
| 2003 | 16.14 Percent per annum | -533.2% |
| 2004 | 5.84 Percent per annum | -63.8% |
| 2005 | 10.62 Percent per annum | +81.7% |
| 2006 | 0.2784 Percent per annum | -97.4% |
| 2007 | 6.23 Percent per annum | +2137.6% |
| 2008 | -0.1622 Percent per annum | -102.6% |
| 2009 | -4.4 Percent per annum | +2612.7% |
| 2010 | 5.03 Percent per annum | -214.3% |
| 2011 | -50.34 Percent per annum | -1101.3% |
| 2012 | 86.83 Percent per annum | -272.5% |
| 2013 | -18 Percent per annum | -120.7% |
| 2014 | -23.04 Percent per annum | +28.0% |
| 2015 | -0.8427 Percent per annum | -96.3% |
| 2016 | -1.49 Percent per annum | +76.9% |
| 2017 | 32.49 Percent per annum | -2279.3% |
| 2018 | 7.94 Percent per annum | -75.6% |
| 2019 | -11.2 Percent per annum | -241.0% |
| 2020 | -29.46 Percent per annum | +163.1% |
| 2021 | 28.33 Percent per annum | -196.2% |
| 2022 | -8.25 Percent per annum | -129.1% |
| 2023 | 10.16 Percent per annum | -223.1% |
| 2024 | 7.83 Percent per annum | -22.9% |
| 2025 | 6.95 Percent per annum | -11.3% |
| 2026 | 4.17 Percent per annum | -39.9% |
| 2027 | 2.01 Percent per annum | -51.9% |
| 2028 | 2.15 Percent per annum | +7.0% |
| 2029 | 2.3 Percent per annum | +6.9% |
Libya compared with similar countries
- Libya's 2.3 Percent per annum is below the median for upper middle income countries, which is 2.7 Percent per annum, 85% of the median. (50 countries reporting)
- Libya's 2.3 Percent per annum is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 3.18 Percent per annum, 72% of the median. (21 countries reporting)
Biggest year-on-year movements
Years where Africa's Development: Annual real GDP growth rate Growth rate … 02 in Libya changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | -2612.7% | -0.1622 Percent per annum | -4.4 Percent per annum |
| 2017 | +2279.3% | -1.49 Percent per annum | 32.49 Percent per annum |
| 2000 | +2238.9% | -0.189 Percent per annum | 4.04 Percent per annum |
| 2007 | +2137.6% | 0.2784 Percent per annum | 6.23 Percent per annum |
| 2011 | -1101.3% | 5.03 Percent per annum | -50.34 Percent per annum |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -0.1926 Percent per annum | -15.43 Percent per annum | 18.32 Percent per annum | 10 |
| 2000s | 3.75 Percent per annum | -4.4 Percent per annum | 16.14 Percent per annum | 10 |
| 2010s | 2.74 Percent per annum | -50.34 Percent per annum | 86.83 Percent per annum | 10 |
| 2020s | 2.62 Percent per annum | -29.46 Percent per annum | 28.33 Percent per annum | 10 |
Countries ranked near Libya
- 115 Bolivia 2.3 Percent per annum compare
- 115 El Salvador 2.3 Percent per annum compare
- 117 Luxembourg 2.3 Percent per annum compare
- 119 Australia 2.26 Percent per annum compare
- 120 Turkmenistan 2.25 Percent per annum compare
- 121 Uruguay 2.2 Percent per annum compare
More economy & growth data for Libya
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.31 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 6.09 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.094 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 605.92 units per person (2025)
- SDRs holdings, SDR, annual growth rate 1.03 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0686 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 442.44 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0332 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 213.91 units per person (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 02 - annual real gdp in Libya?
- Africa's development dynamics (afdd) table 02 - annual real gdp in Libya was 2.3 Percent per annum in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Libya?
- The highest recorded value was 86.83 Percent per annum in 2012.
- What is the lowest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Libya?
- The lowest recorded value was -50.34 Percent per annum in 2011.
- How does Libya rank for africa's development dynamics (afdd) table 02 - annual real gdp?
- Libya ranks 118th out of 166 countries with data for 2029.
- Is africa's development dynamics (afdd) table 02 - annual real gdp rising or falling in Libya?
- Over the last ten years it is up 120.5%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP growth rate — Growth rate of real gross domestic product. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 2 shows the full time series of annual real GDP growth, up to present, and including projected real GDP growth rates over the next five years.