Annual GDP growth in Libya
Libya: Annual GDP growth was 10.2% in 2023. ◆ Volatile
Latest (2023)
10.2%
Change on year
up 223.2%
World rank
4th
of 211 countries
All-time high
86.8%
in 2012
All-time low
-50.3%
in 2011
Years of data
24
2000–2023
Annual GDP growth in Libya, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2023, annual gdp growth in Libya stood at 10.2%.
The figure is up 223.2% on the previous year and up 156.4% 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.
That places Libya 4th out of 211 countries with data for 2023, putting it in the top 10%.
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 | 0.2% | -29.5% | 28.3% | 4 |
Countries ranked near Libya
More economy & growth data for Libya
- External balance on goods and services as a percent of GDP 5.8% (2025)
- Inflation of consumer prices 1.8% (2025)
- GDP per capita 8,634 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 2.8% (2017)
- Gross domestic product (GDP) 64.40 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 8,634 constant 2015 US$ (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 10.2% in 2023, according to World Bank – processed by Our World in Data.
- 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 4th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Libya?
- Over the last ten years it is up 156.4%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Annual GDP growth (%)