Current account balance (BoP, current US$) in Libya
Libya: Current account balance (BoP, current US$) was 1.86 billion BoP, current US$ in 2023. ◆ Volatile
Current account balance in Libya, 1977–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Libya recorded 1.86 billion BoP, current US$ for current account balance in 2023.
The figure is down 80.6% on the previous year and up 19,322.9% over ten years.
Over the whole period, current account balance in Libya peaked at 35.70 billion BoP, current US$ in 2008 and was at its lowest, -19.03 billion BoP, current US$, in 2014.
Libya ranks 45th of 200 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (BoP, current US$) in Libya, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | 2.16 billion BoP, current US$ | — |
| 1978 | 738.05 million BoP, current US$ | -65.8% |
| 1979 | 3.77 billion BoP, current US$ | +410.9% |
| 1980 | 8.21 billion BoP, current US$ | +117.8% |
| 1981 | -3.96 billion BoP, current US$ | -148.3% |
| 1982 | -1.56 billion BoP, current US$ | -60.7% |
| 1983 | -1.64 billion BoP, current US$ | +5.4% |
| 1984 | -1.46 billion BoP, current US$ | -11.4% |
| 1985 | 1.91 billion BoP, current US$ | -230.9% |
| 1986 | -155.36 million BoP, current US$ | -108.1% |
| 1987 | -1.04 billion BoP, current US$ | +566.8% |
| 1988 | -1.83 billion BoP, current US$ | +76.3% |
| 1989 | -1.03 billion BoP, current US$ | -43.8% |
| 1990 | 2.20 billion BoP, current US$ | -314.5% |
| 1991 | -219.07 million BoP, current US$ | -110.0% |
| 1992 | 1.41 billion BoP, current US$ | -742.3% |
| 1993 | -1.37 billion BoP, current US$ | -197.1% |
| 1994 | 26.41 million BoP, current US$ | -101.9% |
| 1995 | 1.67 billion BoP, current US$ | +6231.8% |
| 1996 | 1.24 billion BoP, current US$ | -26.0% |
| 1997 | 1.57 billion BoP, current US$ | +26.6% |
| 1998 | -209.16 million BoP, current US$ | -113.4% |
| 1999 | 2.14 billion BoP, current US$ | -1121.2% |
| 2000 | 6.27 billion BoP, current US$ | +193.5% |
| 2001 | 3.33 billion BoP, current US$ | -46.9% |
| 2002 | 694.00 million BoP, current US$ | -79.2% |
| 2003 | 3.40 billion BoP, current US$ | +390.2% |
| 2004 | 4.62 billion BoP, current US$ | +35.7% |
| 2005 | 14.95 billion BoP, current US$ | +223.8% |
| 2006 | 22.17 billion BoP, current US$ | +48.3% |
| 2007 | 28.51 billion BoP, current US$ | +28.6% |
| 2008 | 35.70 billion BoP, current US$ | +25.2% |
| 2009 | 9.38 billion BoP, current US$ | -73.7% |
| 2010 | 16.80 billion BoP, current US$ | +79.1% |
| 2011 | 3.19 billion BoP, current US$ | -81.0% |
| 2012 | 23.84 billion BoP, current US$ | +646.7% |
| 2013 | 9.60 million BoP, current US$ | -100.0% |
| 2014 | -19.03 billion BoP, current US$ | -198363.5% |
| 2015 | -9.35 billion BoP, current US$ | -50.9% |
| 2016 | -4.71 billion BoP, current US$ | -49.7% |
| 2017 | 4.43 billion BoP, current US$ | -194.1% |
| 2018 | 11.28 billion BoP, current US$ | +154.7% |
| 2019 | 4.82 billion BoP, current US$ | -57.3% |
| 2020 | -4.78 billion BoP, current US$ | -199.2% |
| 2021 | 5.68 billion BoP, current US$ | -218.7% |
| 2022 | 9.61 billion BoP, current US$ | +69.3% |
| 2023 | 1.86 billion BoP, current US$ | -80.6% |
Libya compared with similar countries
- Libya's 1.86 billion BoP, current US$ is above the median for upper middle income countries, which is -464.37 million BoP, current US$. (57 countries reporting)
- Libya's 1.86 billion BoP, current US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is -822.96 million BoP, current US$. (22 countries reporting)
Biggest year-on-year movements
Years where Current account balance (BoP, current US$) 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 | -198363.5% | 9.60 million BoP, current US$ | -19.03 billion BoP, current US$ |
| 1995 | +6231.8% | 26.41 million BoP, current US$ | 1.67 billion BoP, current US$ |
| 1999 | +1121.2% | -209.16 million BoP, current US$ | 2.14 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.22 billion BoP, current US$ | 738.05 million BoP, current US$ | 3.77 billion BoP, current US$ | 3 |
| 1980s | -254.66 million BoP, current US$ | -3.96 billion BoP, current US$ | 8.21 billion BoP, current US$ | 10 |
| 1990s | 845.31 million BoP, current US$ | -1.37 billion BoP, current US$ | 2.20 billion BoP, current US$ | 10 |
| 2000s | 12.90 billion BoP, current US$ | 694.00 million BoP, current US$ | 35.70 billion BoP, current US$ | 10 |
| 2010s | 3.13 billion BoP, current US$ | -19.03 billion BoP, current US$ | 23.84 billion BoP, current US$ | 10 |
| 2020s | 3.09 billion BoP, current US$ | -4.78 billion BoP, current US$ | 9.61 billion BoP, current US$ | 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 in Libya?
- Current account balance in Libya was 1.86 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Libya?
- The highest recorded value was 35.70 billion BoP, current US$ in 2008.
- What is the lowest current account balance recorded in Libya?
- The lowest recorded value was -19.03 billion BoP, current US$ in 2014.
- How does Libya rank for current account balance?
- Libya ranks 45th out of 200 countries with data for 2023.
- Is current account balance rising or falling in Libya?
- Over the last ten years it is up 19,322.9%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.