Gross Domestic Product — Value US$, 2015 prices in Libya
Libya: Gross Domestic Product — Value US$, 2015 prices was 37,534 million USD in 2024. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices in Libya, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$, 2015 prices in Libya is 37,534 million USD, measured in 2024.
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 us$, 2015 prices in Libya peaked at 83,913 million USD in 2010 and was at its lowest, 28,588 million USD, in 1971.
That places Libya 112th out of 236 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value US$, 2015 prices in Libya, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 30,180 million USD | — |
| 1971 | 28,588 million USD | -5.3% |
| 1972 | 31,196 million USD | +9.1% |
| 1973 | 31,801 million USD | +1.9% |
| 1974 | 38,858 million USD | +22.2% |
| 1975 | 40,424 million USD | +4.0% |
| 1976 | 49,673 million USD | +22.9% |
| 1977 | 54,070 million USD | +8.9% |
| 1978 | 55,857 million USD | +3.3% |
| 1979 | 60,861 million USD | +9.0% |
| 1980 | 61,278 million USD | +0.7% |
| 1981 | 49,519 million USD | -19.2% |
| 1982 | 50,908 million USD | +2.8% |
| 1983 | 49,650 million USD | -2.5% |
| 1984 | 47,146 million USD | -5.0% |
| 1985 | 51,072 million USD | +8.3% |
| 1986 | 45,274 million USD | -11.4% |
| 1987 | 38,618 million USD | -14.7% |
| 1988 | 41,545 million USD | +7.6% |
| 1989 | 44,536 million USD | +7.2% |
| 1990 | 46,193 million USD | +3.7% |
| 1991 | 53,424 million USD | +15.7% |
| 1992 | 51,975 million USD | -2.7% |
| 1993 | 50,019 million USD | -3.8% |
| 1994 | 50,987 million USD | +1.9% |
| 1995 | 49,855 million USD | -2.2% |
| 1996 | 50,919 million USD | +2.1% |
| 1997 | 53,573 million USD | +5.2% |
| 1998 | 51,670 million USD | -3.6% |
| 1999 | 52,057 million USD | +0.7% |
| 2000 | 53,275 million USD | +2.3% |
| 2001 | 53,547 million USD | +0.5% |
| 2002 | 53,840 million USD | +0.5% |
| 2003 | 61,928 million USD | +15.0% |
| 2004 | 65,852 million USD | +6.3% |
| 2005 | 73,951 million USD | +12.3% |
| 2006 | 78,800 million USD | +6.6% |
| 2007 | 83,709 million USD | +6.2% |
| 2008 | 83,574 million USD | -0.2% |
| 2009 | 79,896 million USD | -4.4% |
| 2010 | 83,913 million USD | +5.0% |
| 2011 | 41,672 million USD | -50.3% |
| 2012 | 77,855 million USD | +86.8% |
| 2013 | 63,843 million USD | -18.0% |
| 2014 | 49,132 million USD | -23.0% |
| 2015 | 48,718 million USD | -0.8% |
| 2016 | 47,991 million USD | -1.5% |
| 2017 | 63,584 million USD | +32.5% |
| 2018 | 68,634 million USD | +7.9% |
| 2019 | 60,950 million USD | -11.2% |
| 2020 | 30,398 million USD | -50.1% |
| 2021 | 39,000 million USD | +28.3% |
| 2022 | 34,281 million USD | -12.1% |
| 2023 | 37,763 million USD | +10.2% |
| 2024 | 37,534 million USD | -0.6% |
Libya compared with similar countries
- Libya's 37,534 million USD is below the median for upper middle income countries, which is 41,712 million USD, 90% of the median. (54 countries reporting)
- Libya's 37,534 million USD is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 71,470 million USD, 53% of the median. (22 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, 2015 prices in Libya changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2012 | +86.8% | 41,672 million USD | 77,855 million USD |
| 2011 | -50.3% | 83,913 million USD | 41,672 million USD |
| 2020 | -50.1% | 60,950 million USD | 30,398 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 42,151 million USD | 28,588 million USD | 60,861 million USD | 10 |
| 1980s | 47,955 million USD | 38,618 million USD | 61,278 million USD | 10 |
| 1990s | 51,067 million USD | 46,193 million USD | 53,573 million USD | 10 |
| 2000s | 68,837 million USD | 53,275 million USD | 83,709 million USD | 10 |
| 2010s | 60,629 million USD | 41,672 million USD | 83,913 million USD | 10 |
| 2020s | 35,795 million USD | 30,398 million USD | 39,000 million USD | 5 |
Countries ranked near Libya
More economy & growth data for Libya
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.31 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.3 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 6.09 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.094 units per US$ 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 — value us$, 2015 prices in Libya?
- Gross domestic product — value us$, 2015 prices in Libya was 37,534 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Libya?
- The highest recorded value was 83,913 million USD in 2010.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Libya?
- The lowest recorded value was 28,588 million USD in 1971.
- How does Libya rank for gross domestic product — value us$, 2015 prices?
- Libya ranks 112th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, 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 US$, 2015 prices. 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).