Gross Domestic Product — Value Standard Local Currency, 2015 prices in Libya
Libya: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 51,842 million SLC in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Libya, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Libya stood at 51,842 million SLC.
That represents a change of down 0.6% on the previous year and down 23.6% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Libya peaked at 115,901 million SLC in 2010 and was at its lowest, 39,486 million SLC, in 1971.
Libya ranks 137th of 194 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Libya, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 41,686 million SLC | — |
| 1971 | 39,486 million SLC | -5.3% |
| 1972 | 43,089 million SLC | +9.1% |
| 1973 | 43,923 million SLC | +1.9% |
| 1974 | 53,672 million SLC | +22.2% |
| 1975 | 55,834 million SLC | +4.0% |
| 1976 | 68,609 million SLC | +22.9% |
| 1977 | 74,682 million SLC | +8.9% |
| 1978 | 77,151 million SLC | +3.3% |
| 1979 | 84,062 million SLC | +9.0% |
| 1980 | 84,638 million SLC | +0.7% |
| 1981 | 68,396 million SLC | -19.2% |
| 1982 | 70,315 million SLC | +2.8% |
| 1983 | 68,577 million SLC | -2.5% |
| 1984 | 65,119 million SLC | -5.0% |
| 1985 | 70,542 million SLC | +8.3% |
| 1986 | 62,533 million SLC | -11.4% |
| 1987 | 53,340 million SLC | -14.7% |
| 1988 | 57,382 million SLC | +7.6% |
| 1989 | 61,513 million SLC | +7.2% |
| 1990 | 63,802 million SLC | +3.7% |
| 1991 | 73,790 million SLC | +15.7% |
| 1992 | 71,789 million SLC | -2.7% |
| 1993 | 69,087 million SLC | -3.8% |
| 1994 | 70,424 million SLC | +1.9% |
| 1995 | 68,860 million SLC | -2.2% |
| 1996 | 70,330 million SLC | +2.1% |
| 1997 | 73,996 million SLC | +5.2% |
| 1998 | 71,367 million SLC | -3.6% |
| 1999 | 71,902 million SLC | +0.7% |
| 2000 | 73,584 million SLC | +2.3% |
| 2001 | 73,960 million SLC | +0.5% |
| 2002 | 74,365 million SLC | +0.5% |
| 2003 | 85,536 million SLC | +15.0% |
| 2004 | 90,956 million SLC | +6.3% |
| 2005 | 102,142 million SLC | +12.3% |
| 2006 | 108,839 million SLC | +6.6% |
| 2007 | 115,620 million SLC | +6.2% |
| 2008 | 115,433 million SLC | -0.2% |
| 2009 | 110,353 million SLC | -4.4% |
| 2010 | 115,901 million SLC | +5.0% |
| 2011 | 57,558 million SLC | -50.3% |
| 2012 | 107,534 million SLC | +86.8% |
| 2013 | 88,180 million SLC | -18.0% |
| 2014 | 67,861 million SLC | -23.0% |
| 2015 | 67,289 million SLC | -0.8% |
| 2016 | 66,286 million SLC | -1.5% |
| 2017 | 87,823 million SLC | +32.5% |
| 2018 | 94,798 million SLC | +7.9% |
| 2019 | 84,184 million SLC | -11.2% |
| 2020 | 41,986 million SLC | -50.1% |
| 2021 | 53,868 million SLC | +28.3% |
| 2022 | 47,350 million SLC | -12.1% |
| 2023 | 52,158 million SLC | +10.2% |
| 2024 | 51,842 million SLC | -0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 58,219 million SLC | 39,486 million SLC | 84,062 million SLC | 10 |
| 1980s | 66,235 million SLC | 53,340 million SLC | 84,638 million SLC | 10 |
| 1990s | 70,535 million SLC | 63,802 million SLC | 73,996 million SLC | 10 |
| 2000s | 95,079 million SLC | 73,584 million SLC | 115,620 million SLC | 10 |
| 2010s | 83,741 million SLC | 57,558 million SLC | 115,901 million SLC | 10 |
| 2020s | 49,441 million SLC | 41,986 million SLC | 53,868 million SLC | 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)
- Services, value added (constant LCU), per capita 4,858 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate -3.94 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth -3.24 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 1.02 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 6,556 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 6.22 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 5.39 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 34,780 current LCU per person (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 51,842 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Libya?
- The highest recorded value was 115,901 million SLC in 2010.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Libya?
- The lowest recorded value was 39,486 million SLC in 1971.
- How does Libya rank for gross domestic product — value standard local currency, 2015 prices?
- Libya ranks 137th 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 23.6%. 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 Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).