Current account balance as a proportion of gdp in Libya
Libya: Current account balance as a proportion of gdp was 16.11 in 2021. ◆ Volatile
Current account balance as a proportion of gdp in Libya, 2000–2021
Source: Our World in Data.
Analysis
The most recent figure for current account balance as a proportion of gdp in Libya is 16.11, measured in 2021.
That represents a change of up 257.9% on the previous year and up 143.0% over ten years.
Over the whole period, current account balance as a proportion of gdp in Libya peaked at 41.91 in 2007 and was at its lowest, -33.18, in 2014.
That places Libya 8th out of 191 countries with data for 2021, 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 | 22.34 | 3.39 | 41.91 | 10 |
| 2010s | 2.12 | -33.18 | 25.76 | 10 |
| 2020s | 2.96 | -10.2 | 16.11 | 2 |
Countries ranked near Libya
- 5 Djibouti 17.53 compare
- 6 Norway 17.45 compare
- 7 Qatar 17.11 compare
- 9 San Marino 15.52 compare
- 10 Turks and Caicos Islands 15.3 compare
- 11 Papua New Guinea 13.61 compare
- 11 South Sudan 13.61 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)
- Taxes less subsidies on products (current US$), annual growth rate 61.03 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP -0.0166 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita -107.16 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 57.21 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP -0.0882 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita -568.48 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.1351 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 7.4 (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 16.11 in 2021, according to Our World in Data.
- What is the highest current account balance as a proportion of gdp recorded in Libya?
- The highest recorded value was 41.91 in 2007.
- What is the lowest current account balance as a proportion of gdp recorded in Libya?
- The lowest recorded value was -33.18 in 2014.
- How does Libya rank for current account balance as a proportion of gdp?
- Libya ranks 8th out of 191 countries with data for 2021.
- Is current account balance as a proportion of gdp rising or falling in Libya?
- Over the last ten years it is up 143.0%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from Our World in Data, published as part of Current account balance as a proportion of gdp. Statizoid updates them automatically from the source API.
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