Current account balance as a proportion of GDP in Libya
Libya: Current account balance as a proportion of GDP was 4.2% in 2023. ◆ Volatile
Current account balance as a proportion of GDP in Libya, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for current account balance as a proportion of gdp in Libya is 4.2%, measured in 2023.
That represents a change of down 80.9% on the previous year and up 33,141.3% over ten years.
Over the whole period, current account balance as a proportion of gdp in Libya peaked at 41.9% in 2007 and was at its lowest, -33.2%, in 2014.
Libya ranks 40th of 177 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Libya, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 16.4% | — |
| 2001 | 9.8% | -40.4% |
| 2002 | 3.4% | -65.3% |
| 2003 | 13.0% | +282.3% |
| 2004 | 13.9% | +7.6% |
| 2005 | 31.6% | +126.6% |
| 2006 | 36.9% | +16.8% |
| 2007 | 41.9% | +13.6% |
| 2008 | 41.2% | -1.7% |
| 2009 | 15.4% | -62.5% |
| 2010 | 22.3% | +44.5% |
| 2011 | 6.6% | -70.3% |
| 2012 | 25.8% | +288.6% |
| 2013 | 0.0% | -100.0% |
| 2014 | -33.2% | -260492.1% |
| 2015 | -19.2% | -42.2% |
| 2016 | -9.4% | -50.9% |
| 2017 | 6.6% | -169.9% |
| 2018 | 14.7% | +123.1% |
| 2019 | 7.0% | -52.7% |
| 2020 | -10.2% | -246.7% |
| 2021 | 16.1% | -258.0% |
| 2022 | 22.2% | +37.9% |
| 2023 | 4.2% | -80.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22.3% | 3.4% | 41.9% | 10 |
| 2010s | 2.1% | -33.2% | 25.8% | 10 |
| 2020s | 8.1% | -10.2% | 22.2% | 4 |
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)
- Services, value added (constant LCU), per capita 4,858 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate -3.94 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth -3.24 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 1.02 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 6,556 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 6.22 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 5.39 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 34,780 current LCU per person (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Libya?
- Current account balance as a proportion of gdp in Libya was 4.2% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Libya?
- The highest recorded value was 41.9% in 2007.
- What is the lowest current account balance as a proportion of gdp recorded in Libya?
- The lowest recorded value was -33.2% in 2014.
- How does Libya rank for current account balance as a proportion of gdp?
- Libya ranks 40th out of 177 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Libya?
- Over the last ten years it is up 33,141.3%. 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 Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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