Gross Domestic Product — Value Standard Local Currency, 2015 prices in Libya
Libya: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 0.007 million SLC per person in 2024. ▼ Falling
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Libya, 1970–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
The most recent figure for gross domestic product — value standard local currency, 2015 prices in Libya is 0.007 million SLC per person, measured in 2024.
Compared with earlier readings it is down 1.6% on the previous year and down 33.5% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Libya peaked at 0.026 million SLC per person in 1979 and was at its lowest, 0.006 million SLC per person, in 2020.
That places Libya 178th out of 194 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 55 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Libya, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1970 | 0.02 million SLC per person | — |
| 1971 | 0.0183 million SLC per person | -8.4% |
| 1972 | 0.0194 million SLC per person | +5.6% |
| 1973 | 0.019 million SLC per person | -1.9% |
| 1974 | 0.0221 million SLC per person | +16.3% |
| 1975 | 0.0217 million SLC per person | -1.6% |
| 1976 | 0.0252 million SLC per person | +16.1% |
| 1977 | 0.0259 million SLC per person | +2.8% |
| 1978 | 0.0253 million SLC per person | -2.5% |
| 1979 | 0.026 million SLC per person | +2.8% |
| 1980 | 0.0247 million SLC per person | -4.9% |
| 1981 | 0.0189 million SLC per person | -23.6% |
| 1982 | 0.0189 million SLC per person | -0.0% |
| 1983 | 0.0184 million SLC per person | -2.3% |
| 1984 | 0.0173 million SLC per person | -6.4% |
| 1985 | 0.0181 million SLC per person | +4.9% |
| 1986 | 0.0156 million SLC per person | -14.0% |
| 1987 | 0.0129 million SLC per person | -17.0% |
| 1988 | 0.0135 million SLC per person | +4.8% |
| 1989 | 0.0142 million SLC per person | +4.6% |
| 1990 | 0.0144 million SLC per person | +1.3% |
| 1991 | 0.0162 million SLC per person | +13.1% |
| 1992 | 0.0155 million SLC per person | -4.7% |
| 1993 | 0.0146 million SLC per person | -5.6% |
| 1994 | 0.0146 million SLC per person | +0.1% |
| 1995 | 0.014 million SLC per person | -3.9% |
| 1996 | 0.0141 million SLC per person | +0.5% |
| 1997 | 0.0146 million SLC per person | +3.6% |
| 1998 | 0.0139 million SLC per person | -5.0% |
| 1999 | 0.0138 million SLC per person | -0.7% |
| 2000 | 0.0139 million SLC per person | +0.7% |
| 2001 | 0.0137 million SLC per person | -1.3% |
| 2002 | 0.0135 million SLC per person | -1.4% |
| 2003 | 0.0152 million SLC per person | +12.7% |
| 2004 | 0.0159 million SLC per person | +4.2% |
| 2005 | 0.0174 million SLC per person | +10.0% |
| 2006 | 0.0182 million SLC per person | +4.4% |
| 2007 | 0.0189 million SLC per person | +4.1% |
| 2008 | 0.0185 million SLC per person | -2.3% |
| 2009 | 0.0173 million SLC per person | -6.4% |
| 2010 | 0.0178 million SLC per person | +2.9% |
| 2011 | 0.0091 million SLC per person | -49.1% |
| 2012 | 0.0174 million SLC per person | +91.8% |
| 2013 | 0.014 million SLC per person | -19.6% |
| 2014 | 0.0106 million SLC per person | -24.5% |
| 2015 | 0.0103 million SLC per person | -2.4% |
| 2016 | 0.01 million SLC per person | -3.0% |
| 2017 | 0.013 million SLC per person | +30.4% |
| 2018 | 0.0138 million SLC per person | +6.2% |
| 2019 | 0.0121 million SLC per person | -12.5% |
| 2020 | 0.006 million SLC per person | -50.8% |
| 2021 | 0.0075 million SLC per person | +26.7% |
| 2022 | 0.0066 million SLC per person | -13.2% |
| 2023 | 0.0071 million SLC per person | +8.9% |
| 2024 | 0.007 million SLC per person | -1.6% |
Libya compared with similar countries
- Libya's 0.007 million SLC per person is below the median for upper middle income countries, which is 0.0458 million SLC per person, 15% of the median. (54 countries reporting)
- Libya's 0.007 million SLC per person is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 0.0592 million SLC per person, 12% of the median. (22 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — 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 |
|---|---|---|---|
| 2012 | +91.8% | 0.0091 million SLC per person | 0.0174 million SLC per person |
| 2020 | -50.8% | 0.0121 million SLC per person | 0.006 million SLC per person |
| 2011 | -49.1% | 0.0178 million SLC per person | 0.0091 million SLC per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0223 million SLC per person | 0.0183 million SLC per person | 0.026 million SLC per person | 10 |
| 1980s | 0.0172 million SLC per person | 0.0129 million SLC per person | 0.0247 million SLC per person | 10 |
| 1990s | 0.0146 million SLC per person | 0.0138 million SLC per person | 0.0162 million SLC per person | 10 |
| 2000s | 0.0163 million SLC per person | 0.0135 million SLC per person | 0.0189 million SLC per person | 10 |
| 2010s | 0.0128 million SLC per person | 0.0091 million SLC per person | 0.0178 million SLC per person | 10 |
| 2020s | 0.0068 million SLC per person | 0.006 million SLC per person | 0.0075 million SLC per person | 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)
- 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 gross domestic product — value standard local currency, 2015 prices in Libya?
- Gross domestic product — value standard local currency, 2015 prices in Libya was 0.007 million SLC per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Libya?
- The highest recorded value was 0.026 million SLC per person in 1979.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Libya?
- The lowest recorded value was 0.006 million SLC per person in 2020.
- How does Libya rank for gross domestic product — value standard local currency, 2015 prices?
- Libya ranks 178th out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Libya?
- Over the last ten years it is down 33.5%. The long-run trend across the full record is falling.
- Where does this Libya data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Domestic Product — Value Standard Local Currency, 2015 prices ÷ Population, total
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- Population, total World Population Prospects, United Nations (UN)
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
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.