Gross Domestic Product — Value US$, annual growth rate (US annual) in Libya
Libya: Gross Domestic Product — Value US$, annual growth rate (US annual) was 3.41 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Libya, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value us$, annual growth rate in Libya stood at 3.41 % change on previous year.
The figure is up 88.4% on the previous year and up 114.3% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Libya peaked at 92.12 % change on previous year in 2012 and was at its lowest, -36.1 % change on previous year, in 2011.
That places Libya 163rd out of 236 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate (US annual) in Libya, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 22.66 % change on previous year | — |
| 1972 | 19.76 % change on previous year | -12.8% |
| 1973 | 36.93 % change on previous year | +86.9% |
| 1974 | 75.2 % change on previous year | +103.6% |
| 1975 | -2.66 % change on previous year | -103.5% |
| 1976 | 29.82 % change on previous year | -1221.7% |
| 1977 | 17.44 % change on previous year | -41.5% |
| 1978 | -1.31 % change on previous year | -107.5% |
| 1979 | 37.96 % change on previous year | -3000.7% |
| 1980 | 34.78 % change on previous year | -8.4% |
| 1981 | -12.44 % change on previous year | -135.8% |
| 1982 | -1.77 % change on previous year | -85.8% |
| 1983 | -3.2 % change on previous year | +80.8% |
| 1984 | -8.99 % change on previous year | +181.1% |
| 1985 | 3.29 % change on previous year | -136.6% |
| 1986 | -18.63 % change on previous year | -666.1% |
| 1987 | -6.9 % change on previous year | -63.0% |
| 1988 | 12.88 % change on previous year | -286.8% |
| 1989 | 5.86 % change on previous year | -54.5% |
| 1990 | 14.9 % change on previous year | +154.2% |
| 1991 | 10.68 % change on previous year | -28.3% |
| 1992 | 5.92 % change on previous year | -44.5% |
| 1993 | -9.52 % change on previous year | -260.7% |
| 1994 | -6.68 % change on previous year | -29.8% |
| 1995 | -8.06 % change on previous year | +20.6% |
| 1996 | 10.57 % change on previous year | -231.2% |
| 1997 | 6.1 % change on previous year | -42.3% |
| 1998 | -9.93 % change on previous year | -262.7% |
| 1999 | 12.52 % change on previous year | -226.0% |
| 2000 | 14.36 % change on previous year | +14.7% |
| 2001 | -11.46 % change on previous year | -179.8% |
| 2002 | -34.5 % change on previous year | +201.0% |
| 2003 | 21.91 % change on previous year | -163.5% |
| 2004 | 29.21 % change on previous year | +33.3% |
| 2005 | 39.01 % change on previous year | +33.5% |
| 2006 | 23.01 % change on previous year | -41.0% |
| 2007 | 13.21 % change on previous year | -42.6% |
| 2008 | 27.45 % change on previous year | +107.8% |
| 2009 | -29.87 % change on previous year | -208.8% |
| 2010 | 23.96 % change on previous year | -180.2% |
| 2011 | -36.1 % change on previous year | -250.6% |
| 2012 | 92.12 % change on previous year | -355.2% |
| 2013 | -18.58 % change on previous year | -120.2% |
| 2014 | -23.86 % change on previous year | +28.4% |
| 2015 | -15.09 % change on previous year | -36.8% |
| 2016 | 2.45 % change on previous year | -116.3% |
| 2017 | 34.55 % change on previous year | +1309.1% |
| 2018 | 14.19 % change on previous year | -58.9% |
| 2019 | -9.69 % change on previous year | -168.3% |
| 2020 | -32.34 % change on previous year | +233.7% |
| 2021 | -24.84 % change on previous year | -23.2% |
| 2022 | 22.8 % change on previous year | -191.8% |
| 2023 | 1.81 % change on previous year | -92.1% |
| 2024 | 3.41 % change on previous year | +88.4% |
Libya compared with similar countries
- Libya's 3.41 % change on previous year is below the median for upper middle income countries, which is 5.73 % change on previous year, 60% of the median. (54 countries reporting)
- Libya's 3.41 % change on previous year is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 4.03 % change on previous year, 85% of the median. (22 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate (US annual) 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 |
|---|---|---|---|
| 1979 | +3000.7% | -1.31 % change on previous year | 37.96 % change on previous year |
| 2017 | +1309.1% | 2.45 % change on previous year | 34.55 % change on previous year |
| 1976 | +1221.7% | -2.66 % change on previous year | 29.82 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 26.2 % change on previous year | -2.66 % change on previous year | 75.2 % change on previous year | 9 |
| 1980s | 0.489 % change on previous year | -18.63 % change on previous year | 34.78 % change on previous year | 10 |
| 1990s | 2.65 % change on previous year | -9.93 % change on previous year | 14.9 % change on previous year | 10 |
| 2000s | 9.23 % change on previous year | -34.5 % change on previous year | 39.01 % change on previous year | 10 |
| 2010s | 6.4 % change on previous year | -36.1 % change on previous year | 92.12 % change on previous year | 10 |
| 2020s | -5.83 % change on previous year | -32.34 % change on previous year | 22.8 % change on previous year | 5 |
Countries ranked near Libya
- 160 Tuvalu 3.56 % change on previous year compare
- 161 Panama 3.53 % change on previous year compare
- 162 Equatorial Guinea 3.47 % change on previous year compare
- 164 Australia 3.4 % change on previous year compare
- 165 Bahrain 3.34 % change on previous year compare
- 166 Mexico 3.28 % change on previous year compare
More economy & growth data for Libya
- Real gdp growth, annual growth rate -240.99 % change on previous year (2019)
- 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)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in Libya?
- Gross domestic product — value us$, annual growth rate in Libya was 3.41 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Libya?
- The highest recorded value was 92.12 % change on previous year in 2012.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Libya?
- The lowest recorded value was -36.1 % change on previous year in 2011.
- How does Libya rank for gross domestic product — value us$, annual growth rate?
- Libya ranks 163rd out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Libya?
- Over the last ten years it is up 114.3%. 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 — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ Food and Agriculture Organization of the United Nations
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 — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.