Africa's Development: Public finances General government … 16 in Libya
Libya: Africa's Development: Public finances General government … 16 was 47.37 Percentage of GDP in 2029. ▲ Rising
Africa's Development Dynamics (AfDD) Table 16 - Public finances in Libya, 2000–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Libya recorded 47.37 Percentage of GDP for africa's development dynamics (afdd) table 16 - public finances in 2029.
Compared with earlier readings it is down 5.5% on the previous year and up 0.1% over ten years.
Over the whole period, africa's development dynamics (afdd) table 16 - public finances in Libya peaked at 73.46 Percentage of GDP in 2013 and was at its lowest, 26.77 Percentage of GDP, in 2000.
Libya ranks 15th of 166 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 30 years of available data.
Africa's Development: Public finances General government … 16 in Libya, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 26.77 Percentage of GDP | — |
| 2001 | 36.98 Percentage of GDP | +38.1% |
| 2002 | 40.87 Percentage of GDP | +10.5% |
| 2003 | 41.72 Percentage of GDP | +2.1% |
| 2004 | 41.06 Percentage of GDP | -1.6% |
| 2005 | 28.15 Percentage of GDP | -31.4% |
| 2006 | 28.49 Percentage of GDP | +1.2% |
| 2007 | 33.44 Percentage of GDP | +17.4% |
| 2008 | 41.03 Percentage of GDP | +22.7% |
| 2009 | 60.28 Percentage of GDP | +46.9% |
| 2010 | 52.94 Percentage of GDP | -12.2% |
| 2011 | 39.63 Percentage of GDP | -25.1% |
| 2012 | 39.38 Percentage of GDP | -0.6% |
| 2013 | 73.46 Percentage of GDP | +86.5% |
| 2014 | 60.02 Percentage of GDP | -18.3% |
| 2015 | 53.52 Percentage of GDP | -10.8% |
| 2016 | 42.04 Percentage of GDP | -21.5% |
| 2017 | 34.93 Percentage of GDP | -16.9% |
| 2018 | 37.56 Percentage of GDP | +7.5% |
| 2019 | 47.31 Percentage of GDP | +26.0% |
| 2020 | 57.34 Percentage of GDP | +21.2% |
| 2021 | 64.71 Percentage of GDP | +12.8% |
| 2022 | 62.19 Percentage of GDP | -3.9% |
| 2023 | 63.35 Percentage of GDP | +1.9% |
| 2024 | 56.43 Percentage of GDP | -10.9% |
| 2025 | 56.39 Percentage of GDP | -0.1% |
| 2026 | 54.48 Percentage of GDP | -3.4% |
| 2027 | 52.17 Percentage of GDP | -4.2% |
| 2028 | 50.15 Percentage of GDP | -3.9% |
| 2029 | 47.37 Percentage of GDP | -5.5% |
Libya compared with similar countries
- Libya's 47.37 Percentage of GDP is above the median for upper middle income countries, which is 30.06 Percentage of GDP, 1.6× the median. (50 countries reporting)
- Libya's 47.37 Percentage of GDP is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 26.18 Percentage of GDP, 1.8× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 37.88 Percentage of GDP | 26.77 Percentage of GDP | 60.28 Percentage of GDP | 10 |
| 2010s | 48.08 Percentage of GDP | 34.93 Percentage of GDP | 73.46 Percentage of GDP | 10 |
| 2020s | 56.46 Percentage of GDP | 47.37 Percentage of GDP | 64.71 Percentage of GDP | 10 |
Countries ranked near Libya
- 12 Lithuania 36.84 Percentage of GDP compare
- 12 Kuwait 48.68 Percentage of GDP compare
- 13 Sweden 48.6 Percentage of GDP compare
- 13 Cabo Verde 26.54 Percentage of GDP compare
- 14 Germany 47.78 Percentage of GDP compare
- 15 Equatorial Guinea 24.23 Percentage of GDP compare
- 16 Türkiye 32.83 Percentage of GDP compare
- 16 Palau 47.06 Percentage of GDP compare
- 17 Iraq 46.15 Percentage of GDP compare
- 18 Brazil 46 Percentage of GDP compare
- 18 Mauritania 23.53 Percentage of GDP compare
More economy & growth data for Libya
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.31 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.3 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)
Frequently asked questions
- What is africa's development dynamics (afdd) table 16 - public finances in Libya?
- Africa's development dynamics (afdd) table 16 - public finances in Libya was 47.37 Percentage of GDP in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 16 - public finances recorded in Libya?
- The highest recorded value was 73.46 Percentage of GDP in 2013.
- What is the lowest africa's development dynamics (afdd) table 16 - public finances recorded in Libya?
- The lowest recorded value was 26.77 Percentage of GDP in 2000.
- How does Libya rank for africa's development dynamics (afdd) table 16 - public finances?
- Libya ranks 15th out of 166 countries with data for 2029.
- Is africa's development dynamics (afdd) table 16 - public finances rising or falling in Libya?
- Over the last ten years it is up 0.1%. The long-run trend across the full record is rising.
- 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 16 - Public finances — General government expenditure. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under OECD Terms and Conditions (attribution required).
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 16 shows data on public finance, including taxes, revenues, expenditure, and debt. Some of these figures are not available at the national level, but only for aggregations of groups of countries.