GDP (current LCU) (UNICEF) in Libya
Libya: GDP (current LCU) (UNICEF) was 234.30 billion in 2024. ◆ Volatile
Latest (2024)
234.30 billion
Change on year
up 10.6%
World rank
48th
of 74 countries
All-time high
234.30 billion
in 2024
All-time low
143.44 million
in 1960
Years of data
65
1960–2024
GDP in Libya, 1960–2024
Source: UNICEF.
Analysis
In 2024, gdp in Libya stood at 234.30 billion. That is the highest value across all 65 years on record.
The figure is up 10.6% on the previous year and up 221.0% over ten years.
Over the whole period, gdp in Libya peaked at 234.30 billion in 2024 and was at its lowest, 143.44 million, in 1960.
Libya ranks 48th of 74 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.
GDP (current LCU) (UNICEF) in Libya, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 143.44 million | — |
| 1961 | 158.54 million | +10.5% |
| 1962 | 221.33 million | +39.6% |
| 1963 | 318.69 million | +44.0% |
| 1964 | 479.07 million | +50.3% |
| 1965 | 644.64 million | +34.6% |
| 1966 | 825.87 million | +28.1% |
| 1967 | 973.92 million | +17.9% |
| 1968 | 1.38 billion | +41.2% |
| 1969 | 1.56 billion | +13.8% |
| 1970 | 1.64 billion | +5.0% |
| 1971 | 1.87 billion | +14.0% |
| 1972 | 2.07 billion | +10.6% |
| 1973 | 2.59 billion | +24.9% |
| 1974 | 4.47 billion | +72.9% |
| 1975 | 4.36 billion | -2.7% |
| 1976 | 5.65 billion | +29.8% |
| 1977 | 6.64 billion | +17.4% |
| 1978 | 6.55 billion | -1.3% |
| 1979 | 9.04 billion | +37.9% |
| 1980 | 12.12 billion | +34.1% |
| 1981 | 10.77 billion | -11.2% |
| 1982 | 9.99 billion | -7.2% |
| 1983 | 9.83 billion | -1.7% |
| 1984 | 8.73 billion | -11.2% |
| 1985 | 9.33 billion | +7.0% |
| 1986 | 7.63 billion | -18.3% |
| 1987 | 7.87 billion | +3.1% |
| 1988 | 6.96 billion | -11.5% |
| 1989 | 7.54 billion | +8.3% |
| 1990 | 8.19 billion | +8.6% |
| 1991 | 8.98 billion | +9.7% |
| 1992 | 9.54 billion | +6.2% |
| 1993 | 9.33 billion | -2.2% |
| 1994 | 9.97 billion | +6.8% |
| 1995 | 10.68 billion | +7.2% |
| 1996 | 12.18 billion | +14.0% |
| 1997 | 14.15 billion | +16.2% |
| 1998 | 12.74 billion | -9.9% |
| 1999 | 16.69 billion | +31.0% |
| 2000 | 19.60 billion | +17.5% |
| 2001 | 20.64 billion | +5.3% |
| 2002 | 26.01 billion | +26.0% |
| 2003 | 33.62 billion | +29.2% |
| 2004 | 43.06 billion | +28.1% |
| 2005 | 61.93 billion | +43.8% |
| 2006 | 78.94 billion | +27.5% |
| 2007 | 85.90 billion | +8.8% |
| 2008 | 106.10 billion | +23.5% |
| 2009 | 76.23 billion | -28.2% |
| 2010 | 95.49 billion | +25.3% |
| 2011 | 58.97 billion | -38.2% |
| 2012 | 116.75 billion | +98.0% |
| 2013 | 95.82 billion | -17.9% |
| 2014 | 73.00 billion | -23.8% |
| 2015 | 67.29 billion | -7.8% |
| 2016 | 69.40 billion | +3.1% |
| 2017 | 93.61 billion | +34.9% |
| 2018 | 104.67 billion | +11.8% |
| 2019 | 96.84 billion | -7.5% |
| 2020 | 65.06 billion | -32.8% |
| 2021 | 158.99 billion | +144.4% |
| 2022 | 208.15 billion | +30.9% |
| 2023 | 211.90 billion | +1.8% |
| 2024 | 234.30 billion | +10.6% |
Libya compared with similar countries
- Libya's 234.30 billion is below the median for upper middle income countries, which is 964.09 billion, 24% of the median. (19 countries reporting)
- Libya's 234.30 billion is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.20 trillion, 20% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 670.54 million | 143.44 million | 1.56 billion | 10 |
| 1970s | 4.49 billion | 1.64 billion | 9.04 billion | 10 |
| 1980s | 9.08 billion | 6.96 billion | 12.12 billion | 10 |
| 1990s | 11.24 billion | 8.19 billion | 16.69 billion | 10 |
| 2000s | 55.20 billion | 19.60 billion | 106.10 billion | 10 |
| 2010s | 87.18 billion | 58.97 billion | 116.75 billion | 10 |
| 2020s | 175.68 billion | 65.06 billion | 234.30 billion | 5 |
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 gdp in Libya?
- Gdp in Libya was 234.30 billion in 2024, according to UNICEF.
- What is the highest gdp recorded in Libya?
- The highest recorded value was 234.30 billion in 2024.
- What is the lowest gdp recorded in Libya?
- The lowest recorded value was 143.44 million in 1960.
- How does Libya rank for gdp?
- Libya ranks 48th out of 74 countries with data for 2024.
- Is gdp rising or falling in Libya?
- Over the last ten years it is up 221.0%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from UNICEF, published as part of GDP (current LCU). Statizoid updates them automatically from the source API.
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