Annual GDP growth in Libya
Libya: Annual GDP growth was 1.9% in 2024. β Volatile
Latest (2024)
1.9%
Change on year
down 81.4%
World rank
148th
of 212 countries
All-time high
86.8%
in 2012
All-time low
-50.3%
in 2011
Years of data
25
2000β2024
Annual GDP growth in Libya, 2000β2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
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 148th of 212 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.
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
More economy & growth data for Libya
- External balance on goods and services as a percent of gdp 5.77 (2025)
- Inflation of consumer prices 1.84 (2025)
- Gdp per capita worldbank constant usd 8,634 (2025)
- Manufacturing value added to gdp 2.81 (2017)
- Gdp worldbank constant usd 64.40 billion (2025)
- Gdp per capita in international and market dollars 8,634 (2025)
- DEC alternative conversion factor 5.31 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -22.55 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -4.25 billion current US$ (2025)
- Taxes less subsidies on products -4.24 billion current LCU (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 148th out of 212 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.
Download this data
CSV Β· JSON β 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).