Annual GDP growth in Libya
Libya: Annual GDP growth was 1.9% in 2024. ◆ Volatile
Annual GDP growth in Libya, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, annual gdp growth in Libya stood at 1.9%.
The figure is 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.
That places Libya 147th out of 212 countries with data for 2024, putting it 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 | % | Change |
|---|---|---|
| 2000 | 3.7% | — |
| 2001 | -1.8% | -147.8% |
| 2002 | -1.0% | -45.5% |
| 2003 | 13.0% | -1456.3% |
| 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% | +2650.0% |
| 2010 | 5.0% | -214.3% |
| 2011 | -50.3% | -1100.8% |
| 2012 | 86.8% | -272.5% |
| 2013 | -18.0% | -120.7% |
| 2014 | -23.0% | +28.0% |
| 2015 | -0.8% | -96.4% |
| 2016 | -1.5% | +77.4% |
| 2017 | 32.5% | -2280.5% |
| 2018 | 7.9% | -75.6% |
| 2019 | -11.2% | -241.1% |
| 2020 | -29.5% | +163.0% |
| 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. (58 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. (23 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 | -2650.0% | -0.2% | -4.4% |
| 2017 | +2280.5% | -1.5% | 32.5% |
| 2003 | +1456.3% | -1.0% | 13.0% |
| 2011 | -1100.8% | 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
- 144 Saudi Arabia 2.0% compare
- 144 South Korea 2.0% compare
- 146 Slovakia 1.9% compare
- 148 American Samoa 1.7% compare
- 148 Zimbabwe 1.7% compare
- 150 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -56.51 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0012 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -7.66 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 794.70 million BoP, current US$ (2023)
- Foreign direct investment, net inflows (BoP, current US$), annual 13.21 % change on previous year (2023)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0181 BoP, current US$ per US$ of GDP (2023)
- Foreign direct investment, net inflows (BoP, current US$), per capita 108.78 BoP, current US$ per person (2023)
- Total reserves (includes gold, current US$), annual growth rate 12.66 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Libya?
- Annual gdp growth in Libya was 1.9% in 2024, 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 147th 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 World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual GDP growth (%).