Gross domestic product (GDP), annual growth rate (Bolt) in Libya
Libya: Gross domestic product (GDP), annual growth rate (Bolt) was -12.81 % change on previous year in 2022. ◆ Volatile
Latest (2022)
-12.81 % change on previous year
Change on year
down 145.2%
World rank
165th
of 166 countries
All-time high
86.83 % change on previous year
in 2012
All-time low
-57.76 % change on previous year
in 2011
Years of data
72
1951–2022
Gross domestic product (GDP), annual growth rate in Libya, 1951–2022
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product (gdp), annual growth rate in Libya is -12.81 % change on previous year, measured in 2022.
The figure is down 145.2% on the previous year and down 114.8% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Libya peaked at 86.83 % change on previous year in 2012 and was at its lowest, -57.76 % change on previous year, in 2011.
That places Libya 165th out of 166 countries with data for 2022, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate (Bolt) in Libya, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1951 | 10.91 % change on previous year | — |
| 1952 | 7.52 % change on previous year | -31.1% |
| 1953 | 1.37 % change on previous year | -81.7% |
| 1954 | -0.2151 % change on previous year | -115.7% |
| 1955 | 25.99 % change on previous year | -12182.8% |
| 1956 | 21.75 % change on previous year | -16.3% |
| 1957 | 4.37 % change on previous year | -79.9% |
| 1958 | 10.29 % change on previous year | +135.3% |
| 1959 | 8.03 % change on previous year | -22.0% |
| 1960 | 29.07 % change on previous year | +262.3% |
| 1961 | 9.82 % change on previous year | -66.2% |
| 1962 | 32.62 % change on previous year | +232.2% |
| 1963 | 34.98 % change on previous year | +7.2% |
| 1964 | 41.52 % change on previous year | +18.7% |
| 1965 | 28.23 % change on previous year | -32.0% |
| 1966 | 18.48 % change on previous year | -34.5% |
| 1967 | 11.28 % change on previous year | -38.9% |
| 1968 | 33.7 % change on previous year | +198.7% |
| 1969 | 12.95 % change on previous year | -61.6% |
| 1970 | 4.79 % change on previous year | -63.0% |
| 1971 | -5.28 % change on previous year | -210.2% |
| 1972 | 9.13 % change on previous year | -273.0% |
| 1973 | 1.95 % change on previous year | -78.7% |
| 1974 | 22.22 % change on previous year | +1042.0% |
| 1975 | 4.05 % change on previous year | -81.8% |
| 1976 | 22.93 % change on previous year | +466.2% |
| 1977 | 8.86 % change on previous year | -61.4% |
| 1978 | 3.32 % change on previous year | -62.5% |
| 1979 | 8.98 % change on previous year | +170.4% |
| 1980 | 0.6968 % change on previous year | -92.2% |
| 1981 | -19.16 % change on previous year | -2850.5% |
| 1982 | 2.84 % change on previous year | -114.8% |
| 1983 | -2.43 % change on previous year | -185.6% |
| 1984 | -5.01 % change on previous year | +106.0% |
| 1985 | 8.46 % change on previous year | -268.9% |
| 1986 | -11.27 % change on previous year | -233.2% |
| 1987 | -14.6 % change on previous year | +29.5% |
| 1988 | 7.71 % change on previous year | -152.8% |
| 1989 | 7.37 % change on previous year | -4.4% |
| 1990 | 3.82 % change on previous year | -48.2% |
| 1991 | 24.63 % change on previous year | +545.0% |
| 1992 | 4.84 % change on previous year | -80.4% |
| 1993 | 3.7 % change on previous year | -23.6% |
| 1994 | 9.85 % change on previous year | +166.3% |
| 1995 | 5.36 % change on previous year | -45.6% |
| 1996 | 10.23 % change on previous year | +91.0% |
| 1997 | 13.55 % change on previous year | +32.4% |
| 1998 | 4.09 % change on previous year | -69.8% |
| 1999 | 8.75 % change on previous year | +114.0% |
| 2000 | 10.44 % change on previous year | +19.4% |
| 2001 | 8.49 % change on previous year | -18.7% |
| 2002 | 6.57 % change on previous year | -22.6% |
| 2003 | 21.96 % change on previous year | +234.5% |
| 2004 | 12.69 % change on previous year | -42.2% |
| 2005 | 19.02 % change on previous year | +50.0% |
| 2006 | 15.18 % change on previous year | -20.2% |
| 2007 | 13.63 % change on previous year | -10.2% |
| 2008 | 24.26 % change on previous year | +77.9% |
| 2009 | 7.7 % change on previous year | -68.3% |
| 2010 | 13.27 % change on previous year | +72.4% |
| 2011 | -57.76 % change on previous year | -535.3% |
| 2012 | 86.83 % change on previous year | -250.3% |
| 2013 | -18 % change on previous year | -120.7% |
| 2014 | -23.04 % change on previous year | +28.0% |
| 2015 | -0.8429 % change on previous year | -96.3% |
| 2016 | -1.49 % change on previous year | +76.9% |
| 2017 | 32.49 % change on previous year | -2279.2% |
| 2018 | 7.94 % change on previous year | -75.6% |
| 2019 | -11.2 % change on previous year | -241.0% |
| 2020 | -29.46 % change on previous year | +163.1% |
| 2021 | 28.33 % change on previous year | -196.2% |
| 2022 | -12.81 % change on previous year | -145.2% |
Libya compared with similar countries
- Libya's -12.81 % change on previous year is below the median for upper middle income countries, which is 3.25 % change on previous year. (47 countries reporting)
- Libya's -12.81 % change on previous year is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 3.72 % change on previous year. (23 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate (Bolt) 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 |
|---|---|---|---|
| 1955 | +12182.8% | -0.2151 % change on previous year | 25.99 % change on previous year |
| 1981 | -2850.5% | 0.6968 % change on previous year | -19.16 % change on previous year |
| 2017 | +2279.2% | -1.49 % change on previous year | 32.49 % change on previous year |
| 1974 | +1042.0% | 1.95 % change on previous year | 22.22 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 10 % change on previous year | -0.2151 % change on previous year | 25.99 % change on previous year | 9 |
| 1960s | 25.27 % change on previous year | 9.82 % change on previous year | 41.52 % change on previous year | 10 |
| 1970s | 8.1 % change on previous year | -5.28 % change on previous year | 22.93 % change on previous year | 10 |
| 1980s | -2.54 % change on previous year | -19.16 % change on previous year | 8.46 % change on previous year | 10 |
| 1990s | 8.88 % change on previous year | 3.7 % change on previous year | 24.63 % change on previous year | 10 |
| 2000s | 13.99 % change on previous year | 6.57 % change on previous year | 24.26 % change on previous year | 10 |
| 2010s | 2.82 % change on previous year | -57.76 % change on previous year | 86.83 % change on previous year | 10 |
| 2020s | -4.64 % change on previous year | -29.46 % change on previous year | 28.33 % change on previous year | 3 |
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)
- 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 gross domestic product (gdp), annual growth rate in Libya?
- Gross domestic product (gdp), annual growth rate in Libya was -12.81 % change on previous year in 2022, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Libya?
- The highest recorded value was 86.83 % change on previous year in 2012.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Libya?
- The lowest recorded value was -57.76 % change on previous year in 2011.
- How does Libya rank for gross domestic product (gdp), annual growth rate?
- Libya ranks 165th out of 166 countries with data for 2022.
- Is gross domestic product (gdp), annual growth rate rising or falling in Libya?
- Over the last ten years it is down 114.8%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 72 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.