Annual GDP growth in Libya
Libya: Annual GDP growth was 1.9% in 2024. ◆ Volatile
Annual GDP growth in Libya, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Libya recorded 1.9% for annual gdp growth in 2024.
That represents a change of down 81.4% on the previous year and up 108.2% over ten years.
Over the whole period, annual gdp growth in Libya peaked at 86.8% in 2012 and was at its lowest, -50.3%, in 2011.
Libya ranks 158th of 230 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.
Annual GDP growth in Libya, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 3.7% | — |
| 2001 | -1.8% | -147.9% |
| 2002 | -1.0% | -45.6% |
| 2003 | 13.0% | -1457.4% |
| 2004 | 4.5% | -65.7% |
| 2005 | 11.9% | +166.1% |
| 2006 | 6.5% | -45.2% |
| 2007 | 6.2% | -4.2% |
| 2008 | -0.2% | -102.6% |
| 2009 | -4.4% | +2615.4% |
| 2010 | 5.0% | -214.3% |
| 2011 | -50.3% | -1101.3% |
| 2012 | 86.8% | -272.5% |
| 2013 | -18.0% | -120.7% |
| 2014 | -23.0% | +28.0% |
| 2015 | -0.8% | -96.3% |
| 2016 | -1.5% | +76.9% |
| 2017 | 32.5% | -2279.3% |
| 2018 | 7.9% | -75.6% |
| 2019 | -11.2% | -241.0% |
| 2020 | -29.5% | +163.1% |
| 2021 | 28.3% | -196.1% |
| 2022 | -8.3% | -129.3% |
| 2023 | 10.2% | -222.9% |
| 2024 | 1.9% | -81.4% |
Libya compared with similar countries
- Libya's 1.9% is below the median for upper middle income countries, which is 3.5%, 54% of the median. (56 countries reporting)
- Libya's 1.9% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.3%, 84% of the median. (21 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth 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 | -2615.4% | -0.2% | -4.4% |
| 2017 | +2279.3% | -1.5% | 32.5% |
| 2003 | +1457.4% | -1.0% | 13.0% |
| 2011 | -1101.3% | 5.0% | -50.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.8% | -4.4% | 13.0% | 10 |
| 2010s | 2.7% | -50.3% | 86.8% | 10 |
| 2020s | 0.5% | -29.5% | 28.3% | 5 |
Countries ranked near Libya
- 156 Saudi Arabia 2.0% compare
- 157 Slovakia 1.9% compare
- 159 Zimbabwe 1.7% compare
- 160 American Samoa 1.7% compare
- 161 Slovenia 1.7% 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 annual gdp growth in Libya?
- Annual gdp growth in Libya was 1.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Libya?
- The highest recorded value was 86.8% in 2012.
- What is the lowest annual gdp growth recorded in Libya?
- The lowest recorded value was -50.3% in 2011.
- How does Libya rank for annual gdp growth?
- Libya ranks 158th out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Libya?
- Over the last ten years it is up 108.2%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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