GDP Deflator — Value Standard Local Currency, 2015 prices in Libya
Libya: GDP Deflator — Value Standard Local Currency, 2015 prices was 424.42 SLC in 2024. ◆ Volatile
GDP Deflator — Value Standard Local Currency, 2015 prices in Libya, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
The most recent figure for gdp deflator — value standard local currency, 2015 prices in Libya is 424.42 SLC, measured in 2024.
That represents a change of up 4.5% on the previous year and up 294.5% over ten years.
Over the whole period, gdp deflator — value standard local currency, 2015 prices in Libya peaked at 439.61 SLC in 2022 and was at its lowest, 3.41 SLC, in 1970.
Libya ranks 11th of 194 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
GDP Deflator — Value Standard Local Currency, 2015 prices in Libya, year by year
| Year | SLC | Change |
|---|---|---|
| 1970 | 3.41 SLC | — |
| 1971 | 4.4 SLC | +29.2% |
| 1972 | 4.46 SLC | +1.3% |
| 1973 | 5.47 SLC | +22.5% |
| 1974 | 7.73 SLC | +41.5% |
| 1975 | 7.24 SLC | -6.4% |
| 1976 | 7.65 SLC | +5.6% |
| 1977 | 8.25 SLC | +7.9% |
| 1978 | 7.88 SLC | -4.5% |
| 1979 | 9.98 SLC | +26.6% |
| 1980 | 13.36 SLC | +33.9% |
| 1981 | 14.47 SLC | +8.4% |
| 1982 | 13.83 SLC | -4.5% |
| 1983 | 13.73 SLC | -0.7% |
| 1984 | 13.15 SLC | -4.2% |
| 1985 | 12.54 SLC | -4.6% |
| 1986 | 12.27 SLC | -2.2% |
| 1987 | 12.61 SLC | +2.8% |
| 1988 | 12.73 SLC | +1.0% |
| 1989 | 13.18 SLC | +3.5% |
| 1990 | 13.8 SLC | +4.7% |
| 1991 | 13.09 SLC | -5.1% |
| 1992 | 14.29 SLC | +9.2% |
| 1993 | 14.53 SLC | +1.6% |
| 1994 | 15.22 SLC | +4.8% |
| 1995 | 17.18 SLC | +12.9% |
| 1996 | 19.43 SLC | +13.1% |
| 1997 | 20.67 SLC | +6.4% |
| 1998 | 19.59 SLC | -5.3% |
| 1999 | 21.7 SLC | +10.8% |
| 2000 | 26.78 SLC | +23.4% |
| 2001 | 27.87 SLC | +4.1% |
| 2002 | 38.12 SLC | +36.8% |
| 2003 | 41.12 SLC | +7.8% |
| 2004 | 50.42 SLC | +22.6% |
| 2005 | 62.58 SLC | +24.1% |
| 2006 | 72.53 SLC | +15.9% |
| 2007 | 74.3 SLC | +2.4% |
| 2008 | 91.91 SLC | +23.7% |
| 2009 | 69.07 SLC | -24.8% |
| 2010 | 82.39 SLC | +19.3% |
| 2011 | 102.45 SLC | +24.3% |
| 2012 | 108.58 SLC | +6.0% |
| 2013 | 108.67 SLC | +0.1% |
| 2014 | 107.57 SLC | -1.0% |
| 2015 | 100 SLC | -7.0% |
| 2016 | 104.69 SLC | +4.7% |
| 2017 | 106.58 SLC | +1.8% |
| 2018 | 110.42 SLC | +3.6% |
| 2019 | 115.03 SLC | +4.2% |
| 2020 | 154.97 SLC | +34.7% |
| 2021 | 295.15 SLC | +90.5% |
| 2022 | 439.61 SLC | +48.9% |
| 2023 | 406.28 SLC | -7.6% |
| 2024 | 424.42 SLC | +4.5% |
Libya compared with similar countries
- Libya's 424.42 SLC is above the median for upper middle income countries, which is 140.19 SLC, 3.0× the median. (51 countries reporting)
- Libya's 424.42 SLC is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 137.21 SLC, 3.1× the median. (21 countries reporting)
Biggest year-on-year movements
Years where GDP Deflator — Value Standard Local Currency, 2015 prices 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 |
|---|---|---|---|
| 2021 | +90.5% | 154.97 SLC | 295.15 SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.65 SLC | 3.41 SLC | 9.98 SLC | 10 |
| 1980s | 13.19 SLC | 12.27 SLC | 14.47 SLC | 10 |
| 1990s | 16.95 SLC | 13.09 SLC | 21.7 SLC | 10 |
| 2000s | 55.47 SLC | 26.78 SLC | 91.91 SLC | 10 |
| 2010s | 104.64 SLC | 82.39 SLC | 115.03 SLC | 10 |
| 2020s | 344.08 SLC | 154.97 SLC | 439.61 SLC | 5 |
Countries ranked near Libya
- 8 Haiti 505.95 SLC compare
- 8 Micronesia (Federated States of) 144.2 SLC compare
- 9 Ethiopia 491.66 SLC compare
- 9 United Republic of Tanzania 131.83 SLC compare
- 10 Ukraine 441.23 SLC compare
- 10 Viet Nam 130.03 SLC compare
- 11 Bolivia (Plurinational State of) 124.02 SLC compare
- 12 Democratic People's Republic of Korea 110.33 SLC compare
- 12 Ghana 402.85 SLC compare
- 13 Egypt 388.42 SLC compare
- 13 Timor-Leste 108.68 SLC compare
- 14 Yemen 364.47 SLC 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -56.51 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0012 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -7.66 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 794.70 million BoP, current US$ (2023)
- Foreign direct investment, net inflows (BoP, current US$), annual 13.21 % change on previous year (2023)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0181 BoP, current US$ per US$ of GDP (2023)
- Foreign direct investment, net inflows (BoP, current US$), per capita 108.78 BoP, current US$ per person (2023)
- Total reserves (includes gold, current US$), annual growth rate 12.66 % change on previous year (2025)
Frequently asked questions
- What is gdp deflator — value standard local currency, 2015 prices in Libya?
- Gdp deflator — value standard local currency, 2015 prices in Libya was 424.42 SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value standard local currency, 2015 prices recorded in Libya?
- The highest recorded value was 439.61 SLC in 2022.
- What is the lowest gdp deflator — value standard local currency, 2015 prices recorded in Libya?
- The lowest recorded value was 3.41 SLC in 1970.
- How does Libya rank for gdp deflator — value standard local currency, 2015 prices?
- Libya ranks 11th out of 194 countries with data for 2024.
- Is gdp deflator — value standard local currency, 2015 prices rising or falling in Libya?
- Over the last ten years it is up 294.5%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of GDP Deflator — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).