Gross domestic product (GDP), Constant prices, Purchasing power in Libya
Libya: Gross domestic product (GDP), Constant prices, Purchasing power was 9.89 % change on previous year in 2019. ◆ Volatile
Gross domestic product (GDP), Constant prices, Purchasing power in Libya, 1971–2019
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2019, gross domestic product (gdp), constant prices, purchasing power in Libya stood at 9.89 % change on previous year.
Compared with earlier readings it is down 44.7% on the previous year and up 1,425.0% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, purchasing power in Libya peaked at 124.71 % change on previous year in 2012 and was at its lowest, -61.27 % change on previous year, in 2011.
Libya ranks 2nd of 193 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Constant prices, Purchasing power in Libya, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | -5.28 % change on previous year | — |
| 1972 | 9.13 % change on previous year | -272.9% |
| 1973 | 1.94 % change on previous year | -78.8% |
| 1974 | 22.19 % change on previous year | +1045.6% |
| 1975 | 4.03 % change on previous year | -81.9% |
| 1976 | 22.88 % change on previous year | +468.1% |
| 1977 | 8.85 % change on previous year | -61.3% |
| 1978 | 3.3 % change on previous year | -62.7% |
| 1979 | 8.96 % change on previous year | +171.1% |
| 1980 | 0.6849 % change on previous year | -92.4% |
| 1981 | -19.19 % change on previous year | -2902.0% |
| 1982 | 2.81 % change on previous year | -114.6% |
| 1983 | -2.47 % change on previous year | -188.1% |
| 1984 | -5.04 % change on previous year | +103.9% |
| 1985 | 8.33 % change on previous year | -265.2% |
| 1986 | -11.35 % change on previous year | -236.3% |
| 1987 | -14.7 % change on previous year | +29.5% |
| 1988 | 7.58 % change on previous year | -151.5% |
| 1989 | 7.2 % change on previous year | -5.0% |
| 1990 | 3.72 % change on previous year | -48.3% |
| 1991 | 15.65 % change on previous year | +320.8% |
| 1992 | -2.71 % change on previous year | -117.3% |
| 1993 | -3.76 % change on previous year | +38.7% |
| 1994 | 1.93 % change on previous year | -151.4% |
| 1995 | -2.22 % change on previous year | -214.8% |
| 1996 | 2.13 % change on previous year | -196.1% |
| 1997 | 5.21 % change on previous year | +144.2% |
| 1998 | -3.55 % change on previous year | -168.1% |
| 1999 | 0.7495 % change on previous year | -121.1% |
| 2000 | 2.34 % change on previous year | +211.9% |
| 2001 | 0.5117 % change on previous year | -78.1% |
| 2002 | -1.25 % change on previous year | -344.3% |
| 2003 | 12.96 % change on previous year | -1137.1% |
| 2004 | 4.44 % change on previous year | -65.8% |
| 2005 | 10.29 % change on previous year | +132.0% |
| 2006 | 6.72 % change on previous year | -34.7% |
| 2007 | 5.09 % change on previous year | -24.3% |
| 2008 | 14.63 % change on previous year | +187.6% |
| 2009 | -0.7464 % change on previous year | -105.1% |
| 2010 | 4.32 % change on previous year | -679.4% |
| 2011 | -61.27 % change on previous year | -1516.7% |
| 2012 | 124.71 % change on previous year | -303.5% |
| 2013 | -52.13 % change on previous year | -141.8% |
| 2014 | -50.1 % change on previous year | -3.9% |
| 2015 | -45.5 % change on previous year | -9.2% |
| 2016 | -16.1 % change on previous year | -64.6% |
| 2017 | 64.01 % change on previous year | -497.7% |
| 2018 | 17.88 % change on previous year | -72.1% |
| 2019 | 9.89 % change on previous year | -44.7% |
Libya compared with similar countries
- Libya's 9.89 % change on previous year is above the median for upper middle income countries, which is 2.68 % change on previous year, 3.7× the median. (57 countries reporting)
- Libya's 9.89 % change on previous year is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.03 % change on previous year, 4.9× the median. (22 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), Constant prices, Purchasing power 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 |
|---|---|---|---|
| 1981 | -2902.0% | 0.6849 % change on previous year | -19.19 % change on previous year |
| 2011 | -1516.7% | 4.32 % change on previous year | -61.27 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.44 % change on previous year | -5.28 % change on previous year | 22.88 % change on previous year | 9 |
| 1980s | -2.62 % change on previous year | -19.19 % change on previous year | 8.33 % change on previous year | 10 |
| 1990s | 1.72 % change on previous year | -3.76 % change on previous year | 15.65 % change on previous year | 10 |
| 2000s | 5.5 % change on previous year | -1.25 % change on previous year | 14.63 % change on previous year | 10 |
| 2010s | -0.4277 % change on previous year | -61.27 % change on previous year | 124.71 % change on previous year | 10 |
Countries ranked near Libya
- 1 East Timor 18.72 % change on previous year compare
- 3 Rwanda 9.43 % change on previous year compare
- 4 Ethiopia 8.28 % change on previous year compare
- 5 Bangladesh 8.15 % change on previous year 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)
- IMF holdings of currency, SDR, annual growth rate 0 % change on previous year (2025)
- IMF holdings of currency, SDR, per unit of GDP 0.0242 units per US$ of GDP (2025)
- IMF holdings of currency, SDR, per capita 156.2 units per person (2025)
- Lending to the IMF (GRA), SDR, per capita 0 units per person (2025)
- SDR Allocation, US dollar, annual growth rate 5.01 % change on previous year (2025)
- SDR Allocation, US dollar, per unit of GDP 0.0735 units per US$ of GDP (2025)
- SDR Allocation, US dollar, per capita 473.82 units per person (2025)
- SDR Allocation, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), constant prices, purchasing power in Libya?
- Gross domestic product (gdp), constant prices, purchasing power in Libya was 9.89 % change on previous year in 2019, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), constant prices, purchasing power recorded in Libya?
- The highest recorded value was 124.71 % change on previous year in 2012.
- What is the lowest gross domestic product (gdp), constant prices, purchasing power recorded in Libya?
- The lowest recorded value was -61.27 % change on previous year in 2011.
- How does Libya rank for gross domestic product (gdp), constant prices, purchasing power?
- Libya ranks 2nd out of 193 countries with data for 2019.
- Is gross domestic product (gdp), constant prices, purchasing power rising or falling in Libya?
- Over the last ten years it is up 1,425.0%. 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), Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 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), Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP), Constant prices, Purchasing power International Monetary Fund
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), Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.