Discrepancy in expenditure estimate of GDP in Libya
Libya: Discrepancy in expenditure estimate of GDP was 1.85 billion current US$ in 2008. ◆ Volatile
Discrepancy in expenditure estimate of GDP in Libya, 1990–2008
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in current US$.
Analysis
In 2008, discrepancy in expenditure estimate of gdp in Libya stood at 1.85 billion current US$.
The figure is up 728.3% on the previous year and up 209.1% over five years.
Over the whole period, discrepancy in expenditure estimate of gdp in Libya peaked at 6.45 billion current US$ in 2005 and was at its lowest, -869.03 million current US$, in 2006.
That places Libya 4th out of 50 countries with data for 2008, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 327,019 current US$ | -3.56 million current US$ | 4.26 million current US$ | 10 |
| 2000s | 1.28 billion current US$ | -869.03 million current US$ | 6.45 billion current US$ | 9 |
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)
- 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 discrepancy in expenditure estimate of gdp in Libya?
- Discrepancy in expenditure estimate of gdp in Libya was 1.85 billion current US$ in 2008, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest discrepancy in expenditure estimate of gdp recorded in Libya?
- The highest recorded value was 6.45 billion current US$ in 2005.
- What is the lowest discrepancy in expenditure estimate of gdp recorded in Libya?
- The lowest recorded value was -869.03 million current US$ in 2006.
- How does Libya rank for discrepancy in expenditure estimate of gdp?
- Libya ranks 4th out of 50 countries with data for 2008.
- Where does this Libya data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Discrepancy in expenditure estimate of GDP (current US$). Statizoid updates them automatically from the source API.
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About this data
This is the discrepancy included in the ‘total consumption etc.' This discrepancy is included to ensures that GDP from the expenditure side equals GDP measured by the income or output approach. Data are in current U.S. dollars.