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. Measured in %.
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 46th of 205 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 | % | 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% |
Libya compared with similar countries
- Libya's 4.2% is above the median for upper middle income countries, which is -2.1%. (53 countries reporting)
- Libya's 4.2% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is -0.2%. (20 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) 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 |
|---|---|---|---|
| 2014 | -260492.1% | 0.0% | -33.2% |
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
- Real gdp growth, annual growth rate -240.99 % change on previous year (2019)
- 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)
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 46th out of 205 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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