Exports of goods and services (BoP, current US$) in Libya
Libya: Exports of goods and services (BoP, current US$) was 37.75 billion BoP, current US$ in 2023. ◆ Volatile
Latest (2023)
37.75 billion BoP, current US$
Change on year
down 5.2%
World rank
74th
of 200 countries
All-time high
62.16 billion BoP, current US$
in 2008
All-time low
5.37 billion BoP, current US$
in 1998
Years of data
47
1977–2023
Exports of goods and services in Libya, 1977–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2023, exports of goods and services in Libya stood at 37.75 billion BoP, current US$.
That represents a change of down 5.2% on the previous year and down 18.3% over ten years.
Over the whole period, exports of goods and services in Libya peaked at 62.16 billion BoP, current US$ in 2008 and was at its lowest, 5.37 billion BoP, current US$, in 1998.
Libya ranks 74th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Exports of goods and services (BoP, current US$) in Libya, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | 10.54 billion BoP, current US$ | — |
| 1978 | 10.05 billion BoP, current US$ | -4.6% |
| 1979 | 16.12 billion BoP, current US$ | +60.4% |
| 1980 | 22.08 billion BoP, current US$ | +37.0% |
| 1981 | 14.89 billion BoP, current US$ | -32.6% |
| 1982 | 13.86 billion BoP, current US$ | -6.9% |
| 1983 | 12.51 billion BoP, current US$ | -9.8% |
| 1984 | 11.20 billion BoP, current US$ | -10.5% |
| 1985 | 10.42 billion BoP, current US$ | -7.0% |
| 1986 | 5.89 billion BoP, current US$ | -43.5% |
| 1987 | 5.89 billion BoP, current US$ | +0.1% |
| 1988 | 5.78 billion BoP, current US$ | -1.9% |
| 1989 | 7.39 billion BoP, current US$ | +27.8% |
| 1990 | 11.47 billion BoP, current US$ | +55.2% |
| 1991 | 10.80 billion BoP, current US$ | -5.8% |
| 1992 | 10.29 billion BoP, current US$ | -4.7% |
| 1993 | 8.60 billion BoP, current US$ | -16.4% |
| 1994 | 7.74 billion BoP, current US$ | -10.0% |
| 1995 | 7.51 billion BoP, current US$ | -2.9% |
| 1996 | 7.96 billion BoP, current US$ | +5.9% |
| 1997 | 8.20 billion BoP, current US$ | +3.1% |
| 1998 | 5.37 billion BoP, current US$ | -34.6% |
| 1999 | 7.33 billion BoP, current US$ | +36.7% |
| 2000 | 12.21 billion BoP, current US$ | +66.5% |
| 2001 | 10.82 billion BoP, current US$ | -11.4% |
| 2002 | 10.25 billion BoP, current US$ | -5.2% |
| 2003 | 13.32 billion BoP, current US$ | +29.9% |
| 2004 | 17.86 billion BoP, current US$ | +34.1% |
| 2005 | 29.38 billion BoP, current US$ | +64.5% |
| 2006 | 37.96 billion BoP, current US$ | +29.2% |
| 2007 | 47.04 billion BoP, current US$ | +23.9% |
| 2008 | 62.16 billion BoP, current US$ | +32.1% |
| 2009 | 37.44 billion BoP, current US$ | -39.8% |
| 2010 | 49.35 billion BoP, current US$ | +31.8% |
| 2011 | 19.10 billion BoP, current US$ | -61.3% |
| 2012 | 61.18 billion BoP, current US$ | +220.3% |
| 2013 | 46.20 billion BoP, current US$ | -24.5% |
| 2014 | 19.38 billion BoP, current US$ | -58.1% |
| 2015 | 11.34 billion BoP, current US$ | -41.5% |
| 2016 | 6.85 billion BoP, current US$ | -39.6% |
| 2017 | 18.97 billion BoP, current US$ | +177.0% |
| 2018 | 29.96 billion BoP, current US$ | +57.9% |
| 2019 | 29.33 billion BoP, current US$ | -2.1% |
| 2020 | 9.54 billion BoP, current US$ | -67.5% |
| 2021 | 32.38 billion BoP, current US$ | +239.5% |
| 2022 | 39.83 billion BoP, current US$ | +23.0% |
| 2023 | 37.75 billion BoP, current US$ | -5.2% |
Libya compared with similar countries
- Libya's 37.75 billion BoP, current US$ is above the median for upper middle income countries, which is 17.98 billion BoP, current US$, 2.1× the median. (57 countries reporting)
- Libya's 37.75 billion BoP, current US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 39.19 billion BoP, current US$, 96% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.24 billion BoP, current US$ | 10.05 billion BoP, current US$ | 16.12 billion BoP, current US$ | 3 |
| 1980s | 10.99 billion BoP, current US$ | 5.78 billion BoP, current US$ | 22.08 billion BoP, current US$ | 10 |
| 1990s | 8.53 billion BoP, current US$ | 5.37 billion BoP, current US$ | 11.47 billion BoP, current US$ | 10 |
| 2000s | 27.84 billion BoP, current US$ | 10.25 billion BoP, current US$ | 62.16 billion BoP, current US$ | 10 |
| 2010s | 29.17 billion BoP, current US$ | 6.85 billion BoP, current US$ | 61.18 billion BoP, current US$ | 10 |
| 2020s | 29.88 billion BoP, current US$ | 9.54 billion BoP, current US$ | 39.83 billion BoP, current US$ | 4 |
Countries ranked near Libya
- 71 Pakistan 40.62 billion BoP, current US$ compare
- 72 Cyprus 40.35 billion BoP, current US$ compare
- 73 Panama 38.81 billion BoP, current US$ compare
- 75 Estonia 36.87 billion BoP, current US$ compare
- 76 Cambodia 36.71 billion BoP, current US$ compare
- 77 Democratic Republic of Congo 36.42 billion BoP, current US$ 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0332 units per US$ of GDP (2025)
Frequently asked questions
- What is exports of goods and services in Libya?
- Exports of goods and services in Libya was 37.75 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest exports of goods and services recorded in Libya?
- The highest recorded value was 62.16 billion BoP, current US$ in 2008.
- What is the lowest exports of goods and services recorded in Libya?
- The lowest recorded value was 5.37 billion BoP, current US$ in 1998.
- How does Libya rank for exports of goods and services?
- Libya ranks 74th out of 200 countries with data for 2023.
- Is exports of goods and services rising or falling in Libya?
- Over the last ten years it is down 18.3%. 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 Exports of goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. 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.