Gross Domestic Product — Value Standard Local Currency in Libya
Libya: Gross Domestic Product — Value Standard Local Currency was 220,026 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Libya, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Libya recorded 220,026 million SLC for gross domestic product — value standard local currency in 2024. That is the highest value across all 55 years on record.
That represents a change of up 3.8% on the previous year and up 201.4% over ten years.
Over the whole period, gross domestic product — value standard local currency in Libya peaked at 220,026 million SLC in 2024 and was at its lowest, 1,421 million SLC, in 1970.
That places Libya 138th out of 218 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.
Gross Domestic Product — Value Standard Local Currency in Libya, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 1,421 million SLC | — |
| 1971 | 1,739 million SLC | +22.4% |
| 1972 | 1,923 million SLC | +10.6% |
| 1973 | 2,401 million SLC | +24.9% |
| 1974 | 4,151 million SLC | +72.9% |
| 1975 | 4,041 million SLC | -2.7% |
| 1976 | 5,246 million SLC | +29.8% |
| 1977 | 6,161 million SLC | +17.4% |
| 1978 | 6,080 million SLC | -1.3% |
| 1979 | 8,388 million SLC | +38.0% |
| 1980 | 11,305 million SLC | +34.8% |
| 1981 | 9,899 million SLC | -12.4% |
| 1982 | 9,724 million SLC | -1.8% |
| 1983 | 9,413 million SLC | -3.2% |
| 1984 | 8,566 million SLC | -9.0% |
| 1985 | 8,848 million SLC | +3.3% |
| 1986 | 7,670 million SLC | -13.3% |
| 1987 | 6,726 million SLC | -12.3% |
| 1988 | 7,304 million SLC | +8.6% |
| 1989 | 8,107 million SLC | +11.0% |
| 1990 | 8,804 million SLC | +8.6% |
| 1991 | 9,660 million SLC | +9.7% |
| 1992 | 10,262 million SLC | +6.2% |
| 1993 | 10,037 million SLC | -2.2% |
| 1994 | 10,720 million SLC | +6.8% |
| 1995 | 11,830 million SLC | +10.4% |
| 1996 | 13,665 million SLC | +15.5% |
| 1997 | 15,298 million SLC | +12.0% |
| 1998 | 13,979 million SLC | -8.6% |
| 1999 | 15,602 million SLC | +11.6% |
| 2000 | 19,704 million SLC | +26.3% |
| 2001 | 20,609 million SLC | +4.6% |
| 2002 | 28,351 million SLC | +37.6% |
| 2003 | 35,168 million SLC | +24.0% |
| 2004 | 45,862 million SLC | +30.4% |
| 2005 | 63,918 million SLC | +39.4% |
| 2006 | 78,938 million SLC | +23.5% |
| 2007 | 85,902 million SLC | +8.8% |
| 2008 | 106,096 million SLC | +23.5% |
| 2009 | 76,226 million SLC | -28.2% |
| 2010 | 95,492 million SLC | +25.3% |
| 2011 | 58,966 million SLC | -38.2% |
| 2012 | 116,755 million SLC | +98.0% |
| 2013 | 95,823 million SLC | -17.9% |
| 2014 | 73,001 million SLC | -23.8% |
| 2015 | 67,289 million SLC | -7.8% |
| 2016 | 69,396 million SLC | +3.1% |
| 2017 | 93,605 million SLC | +34.9% |
| 2018 | 104,674 million SLC | +11.8% |
| 2019 | 96,836 million SLC | -7.5% |
| 2020 | 65,065 million SLC | -32.8% |
| 2021 | 158,989 million SLC | +144.4% |
| 2022 | 208,152 million SLC | +30.9% |
| 2023 | 211,911 million SLC | +1.8% |
| 2024 | 220,026 million SLC | +3.8% |
Libya compared with similar countries
- Libya's 220,026 million SLC is below the median for upper middle income countries, which is 913,929 million SLC, 24% of the median. (54 countries reporting)
- Libya's 220,026 million SLC is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.54 million million SLC, 14% of the median. (21 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency 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 |
|---|---|---|---|
| 2021 | +144.4% | 65,065 million SLC | 158,989 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4,155 million SLC | 1,421 million SLC | 8,388 million SLC | 10 |
| 1980s | 8,756 million SLC | 6,726 million SLC | 11,305 million SLC | 10 |
| 1990s | 11,986 million SLC | 8,804 million SLC | 15,602 million SLC | 10 |
| 2000s | 56,077 million SLC | 19,704 million SLC | 106,096 million SLC | 10 |
| 2010s | 87,184 million SLC | 58,966 million SLC | 116,755 million SLC | 10 |
| 2020s | 172,829 million SLC | 65,065 million SLC | 220,026 million SLC | 5 |
Countries ranked near Libya
- 135 Greece 237,573 million SLC compare
- 136 Yugoslav SFR 235,395 million SLC compare
- 137 Turkmenistan 222,090 million SLC compare
- 139 Cuba 219,180 million SLC compare
- 140 Bulgaria 202,861 million SLC compare
- 141 Trinidad and Tobago 178,372 million SLC 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)
- 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 in Libya?
- Gross domestic product — value standard local currency in Libya was 220,026 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 recorded in Libya?
- The highest recorded value was 220,026 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Libya?
- The lowest recorded value was 1,421 million SLC in 1970.
- How does Libya rank for gross domestic product — value standard local currency?
- Libya ranks 138th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Libya?
- Over the last ten years it is up 201.4%. The long-run trend across the full record is volatile.
- 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. Statizoid updates them automatically from the source API.
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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).