Gross Domestic Product — Value US$ in Libya
Libya: Gross Domestic Product — Value US$ was 45,533 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ 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$ in Libya is 45,533 million USD, measured in 2024.
The figure is up 3.4% on the previous year and down 20.6% over ten years.
Over the whole period, gross domestic product — value us$ in Libya peaked at 92,541 million USD in 2012 and was at its lowest, 3,979 million USD, in 1970.
That places Libya 111th 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$ in Libya, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 3,979 million USD | — |
| 1971 | 4,881 million USD | +22.7% |
| 1972 | 5,845 million USD | +19.8% |
| 1973 | 8,003 million USD | +36.9% |
| 1974 | 14,022 million USD | +75.2% |
| 1975 | 13,649 million USD | -2.7% |
| 1976 | 17,719 million USD | +29.8% |
| 1977 | 20,810 million USD | +17.4% |
| 1978 | 20,537 million USD | -1.3% |
| 1979 | 28,332 million USD | +38.0% |
| 1980 | 38,186 million USD | +34.8% |
| 1981 | 33,437 million USD | -12.4% |
| 1982 | 32,845 million USD | -1.8% |
| 1983 | 31,794 million USD | -3.2% |
| 1984 | 28,935 million USD | -9.0% |
| 1985 | 29,887 million USD | +3.3% |
| 1986 | 24,320 million USD | -18.6% |
| 1987 | 22,643 million USD | -6.9% |
| 1988 | 25,560 million USD | +12.9% |
| 1989 | 27,058 million USD | +5.9% |
| 1990 | 31,088 million USD | +14.9% |
| 1991 | 34,409 million USD | +10.7% |
| 1992 | 36,448 million USD | +5.9% |
| 1993 | 32,977 million USD | -9.5% |
| 1994 | 30,772 million USD | -6.7% |
| 1995 | 28,292 million USD | -8.1% |
| 1996 | 31,284 million USD | +10.6% |
| 1997 | 33,194 million USD | +6.1% |
| 1998 | 29,897 million USD | -9.9% |
| 1999 | 33,640 million USD | +12.5% |
| 2000 | 38,470 million USD | +14.4% |
| 2001 | 34,061 million USD | -11.5% |
| 2002 | 22,312 million USD | -34.5% |
| 2003 | 27,200 million USD | +21.9% |
| 2004 | 35,144 million USD | +29.2% |
| 2005 | 48,853 million USD | +39.0% |
| 2006 | 60,094 million USD | +23.0% |
| 2007 | 68,033 million USD | +13.2% |
| 2008 | 86,711 million USD | +27.5% |
| 2009 | 60,808 million USD | -29.9% |
| 2010 | 75,381 million USD | +24.0% |
| 2011 | 48,169 million USD | -36.1% |
| 2012 | 92,541 million USD | +92.1% |
| 2013 | 75,351 million USD | -18.6% |
| 2014 | 57,372 million USD | -23.9% |
| 2015 | 48,718 million USD | -15.1% |
| 2016 | 49,912 million USD | +2.5% |
| 2017 | 67,158 million USD | +34.6% |
| 2018 | 76,686 million USD | +14.2% |
| 2019 | 69,254 million USD | -9.7% |
| 2020 | 46,854 million USD | -32.3% |
| 2021 | 35,218 million USD | -24.8% |
| 2022 | 43,246 million USD | +22.8% |
| 2023 | 44,030 million USD | +1.8% |
| 2024 | 45,533 million USD | +3.4% |
Libya compared with similar countries
- Libya's 45,533 million USD is above the median for upper middle income countries, which is 44,912 million USD, 1.0× the median. (54 countries reporting)
- Libya's 45,533 million USD is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 80,409 million USD, 57% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13,778 million USD | 3,979 million USD | 28,332 million USD | 10 |
| 1980s | 29,466 million USD | 22,643 million USD | 38,186 million USD | 10 |
| 1990s | 32,200 million USD | 28,292 million USD | 36,448 million USD | 10 |
| 2000s | 48,169 million USD | 22,312 million USD | 86,711 million USD | 10 |
| 2010s | 66,054 million USD | 48,169 million USD | 92,541 million USD | 10 |
| 2020s | 42,976 million USD | 35,218 million USD | 46,854 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$ in Libya?
- Gross domestic product — value us$ in Libya was 45,533 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Libya?
- The highest recorded value was 92,541 million USD in 2012.
- What is the lowest gross domestic product — value us$ recorded in Libya?
- The lowest recorded value was 3,979 million USD in 1970.
- How does Libya rank for gross domestic product — value us$?
- Libya ranks 111th out of 236 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Libya?
- Over the last ten years it is down 20.6%. 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 US$. 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).