Discrepancy in expenditure estimate of GDP in Libya
Libya: Discrepancy in expenditure estimate of GDP was 21.70 million constant LCU in 2025. ◆ Volatile
Discrepancy in expenditure estimate of GDP in Libya, 2013–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2025, discrepancy in expenditure estimate of gdp in Libya stood at 21.70 million constant LCU.
Compared with earlier readings it is down 98.9% on the previous year and down 98.8% over ten years.
Over the whole period, discrepancy in expenditure estimate of gdp in Libya peaked at 6.10 billion constant LCU in 2016 and was at its lowest, -1.50 billion constant LCU, in 2021.
Libya ranks 48th of 153 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Discrepancy in expenditure estimate of GDP in Libya, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2013 | 0 constant LCU | — |
| 2014 | -332.48 million constant LCU | — |
| 2015 | 1.76 billion constant LCU | -630.1% |
| 2016 | 6.10 billion constant LCU | +245.8% |
| 2017 | 1.36 billion constant LCU | -77.7% |
| 2018 | 1.39 billion constant LCU | +2.2% |
| 2019 | -1.04 billion constant LCU | -175.2% |
| 2020 | 1.33 billion constant LCU | -227.7% |
| 2021 | -1.50 billion constant LCU | -212.8% |
| 2022 | -403.66 million constant LCU | -73.2% |
| 2023 | -1.28 billion constant LCU | +218.0% |
| 2024 | 2.07 billion constant LCU | -260.9% |
| 2025 | 21.70 million constant LCU | -98.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.32 billion constant LCU | -1.04 billion constant LCU | 6.10 billion constant LCU | 7 |
| 2020s | 38.19 million constant LCU | -1.50 billion constant LCU | 2.07 billion constant LCU | 6 |
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)
- GDP (constant 2015 US$), annual growth rate 13.37 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 1.34 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 8,634 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 13.37 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 2.01 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 12,960 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 6.3 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.3679 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is discrepancy in expenditure estimate of gdp in Libya?
- Discrepancy in expenditure estimate of gdp in Libya was 21.70 million constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest discrepancy in expenditure estimate of gdp recorded in Libya?
- The highest recorded value was 6.10 billion constant LCU in 2016.
- What is the lowest discrepancy in expenditure estimate of gdp recorded in Libya?
- The lowest recorded value was -1.50 billion constant LCU in 2021.
- How does Libya rank for discrepancy in expenditure estimate of gdp?
- Libya ranks 48th out of 153 countries with data for 2025.
- Is discrepancy in expenditure estimate of gdp rising or falling in Libya?
- Over the last ten years it is down 98.8%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Discrepancy in expenditure estimate of GDP (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Although the SNA ensures there is perfect consistency between the three measures of GDP, this is a conceptual consistency that in general does not emerge naturally from data compilations. This is because of the wide disparity of data sources that must be called on and the fact that any error in any source will lead to a difference between at least two of the GDP measures. In practice it is inevitable that many such data errors will exist and will become apparent in exercises such as the balancing of supply and use tables. This indicator is expressed in constant prices, meaning the underlying series have been adjusted to account for price changes over time. The reference year for this adjustment varies by country.