Africa's Development Dynamics (AfDD) Table 16 - Public finances in Libya
Libya: Africa's Development Dynamics (AfDD) Table 16 - Public finances 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 Dynamics (AfDD) Table 16 - Public finances 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% |
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
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)
- GDP (constant 2015 US$), annual growth rate 13.37 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 1.34 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 8,634 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 13.37 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 2.01 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 12,960 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 6.3 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.3679 current US$ 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.
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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 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.