GDP Deflator — Value US$, 2015 prices in Libya
Libya: GDP Deflator — Value US$, 2015 prices was 121.31 USD in 2024. ▲ Rising
GDP Deflator — Value US$, 2015 prices in Libya, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
In 2024, gdp deflator — value us$, 2015 prices in Libya stood at 121.31 USD.
Compared with earlier readings it is up 4.0% on the previous year and up 3.9% over ten years.
Over the whole period, gdp deflator — value us$, 2015 prices in Libya peaked at 154.14 USD in 2020 and was at its lowest, 13.18 USD, in 1970.
That places Libya 94th out of 222 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
GDP Deflator — Value US$, 2015 prices in Libya, year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 13.18 USD | — |
| 1971 | 17.07 USD | +29.5% |
| 1972 | 18.74 USD | +9.7% |
| 1973 | 25.17 USD | +34.3% |
| 1974 | 36.08 USD | +43.4% |
| 1975 | 33.77 USD | -6.4% |
| 1976 | 35.67 USD | +5.6% |
| 1977 | 38.49 USD | +7.9% |
| 1978 | 36.77 USD | -4.5% |
| 1979 | 46.55 USD | +26.6% |
| 1980 | 62.32 USD | +33.9% |
| 1981 | 67.52 USD | +8.4% |
| 1982 | 64.52 USD | -4.5% |
| 1983 | 64.04 USD | -0.7% |
| 1984 | 61.37 USD | -4.2% |
| 1985 | 58.52 USD | -4.6% |
| 1986 | 53.72 USD | -8.2% |
| 1987 | 58.63 USD | +9.2% |
| 1988 | 61.52 USD | +4.9% |
| 1989 | 60.75 USD | -1.2% |
| 1990 | 67.3 USD | +10.8% |
| 1991 | 64.41 USD | -4.3% |
| 1992 | 70.13 USD | +8.9% |
| 1993 | 65.93 USD | -6.0% |
| 1994 | 60.35 USD | -8.5% |
| 1995 | 56.75 USD | -6.0% |
| 1996 | 61.44 USD | +8.3% |
| 1997 | 61.96 USD | +0.8% |
| 1998 | 57.86 USD | -6.6% |
| 1999 | 64.62 USD | +11.7% |
| 2000 | 72.21 USD | +11.7% |
| 2001 | 63.61 USD | -11.9% |
| 2002 | 41.44 USD | -34.9% |
| 2003 | 43.92 USD | +6.0% |
| 2004 | 53.37 USD | +21.5% |
| 2005 | 66.06 USD | +23.8% |
| 2006 | 76.26 USD | +15.4% |
| 2007 | 81.27 USD | +6.6% |
| 2008 | 103.75 USD | +27.7% |
| 2009 | 76.11 USD | -26.6% |
| 2010 | 89.83 USD | +18.0% |
| 2011 | 115.59 USD | +28.7% |
| 2012 | 118.86 USD | +2.8% |
| 2013 | 118.03 USD | -0.7% |
| 2014 | 116.77 USD | -1.1% |
| 2015 | 100 USD | -14.4% |
| 2016 | 104 USD | +4.0% |
| 2017 | 105.62 USD | +1.6% |
| 2018 | 111.73 USD | +5.8% |
| 2019 | 113.62 USD | +1.7% |
| 2020 | 154.14 USD | +35.7% |
| 2021 | 90.3 USD | -41.4% |
| 2022 | 126.15 USD | +39.7% |
| 2023 | 116.6 USD | -7.6% |
| 2024 | 121.31 USD | +4.0% |
Libya compared with similar countries
- Libya's 121.31 USD is above the median for upper middle income countries, which is 121.31 USD, 1.0× the median. (51 countries reporting)
- Libya's 121.31 USD is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 119.38 USD, 1.0× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 30.15 USD | 13.18 USD | 46.55 USD | 10 |
| 1980s | 61.29 USD | 53.72 USD | 67.52 USD | 10 |
| 1990s | 63.07 USD | 56.75 USD | 70.13 USD | 10 |
| 2000s | 67.8 USD | 41.44 USD | 103.75 USD | 10 |
| 2010s | 109.41 USD | 89.83 USD | 118.86 USD | 10 |
| 2020s | 121.7 USD | 90.3 USD | 154.14 USD | 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 deflator — value us$, 2015 prices in Libya?
- Gdp deflator — value us$, 2015 prices in Libya was 121.31 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value us$, 2015 prices recorded in Libya?
- The highest recorded value was 154.14 USD in 2020.
- What is the lowest gdp deflator — value us$, 2015 prices recorded in Libya?
- The lowest recorded value was 13.18 USD in 1970.
- How does Libya rank for gdp deflator — value us$, 2015 prices?
- Libya ranks 94th out of 222 countries with data for 2024.
- Is gdp deflator — value us$, 2015 prices rising or falling in Libya?
- Over the last ten years it is up 3.9%. The long-run trend across the full record is rising.
- 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 US$, 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).