GDP growth in Libya
Libya: GDP growth was 1.9 in 2024. β Volatile
Latest (2024)
1.9
Change on year
down 81.4%
World rank
44th
of 74 countries
All-time high
86.83
in 2012
All-time low
-50.34
in 2011
Years of data
64
1961β2024
GDP growth in Libya, 1961β2024
Source: UNICEF.
Analysis
Libya recorded 1.9 for gdp growth in 2024.
Compared with earlier readings it is down 81.4% on the previous year and up 108.2% over ten years.
Over the whole period, gdp growth in Libya peaked at 86.83 in 2012 and was at its lowest, -50.34, in 2011.
That places Libya 44th out of 74 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 25.26 | 9.9 | 45.07 | 9 |
| 1970s | 8.1 | -5.28 | 22.88 | 10 |
| 1980s | -2.62 | -19.19 | 8.33 | 10 |
| 1990s | 1.72 | -3.76 | 15.66 | 10 |
| 2000s | 3.85 | -4.4 | 13.02 | 10 |
| 2010s | 2.74 | -50.34 | 86.83 | 10 |
| 2020s | 0.5289 | -29.46 | 28.3 | 5 |
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 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)
- Domestic currency per US dollar (End-of-period (EoP)) 5.41 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 0.185 (2025)
- Gdp worldbank constant usd, annual growth rate 13.37 % change on previous year (2025)
Frequently asked questions
- What is gdp growth in Libya?
- Gdp growth in Libya was 1.9 in 2024, according to UNICEF.
- What is the highest gdp growth recorded in Libya?
- The highest recorded value was 86.83 in 2012.
- What is the lowest gdp growth recorded in Libya?
- The lowest recorded value was -50.34 in 2011.
- How does Libya rank for gdp growth?
- Libya ranks 44th out of 74 countries with data for 2024.
- Is gdp growth rising or falling in Libya?
- Over the last ten years it is up 108.2%. 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 growth (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 64 observations, free to reuse under UNICEF Terms of Use (attribution required).