Gross Fixed Capital Formation — Value Standard Local Currency in Libya
Libya: Gross Fixed Capital Formation — Value Standard Local Currency was 31,670 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Libya, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Libya recorded 31,670 million SLC for gross fixed capital formation — value standard local currency in 2024.
That represents a change of down 6.5% on the previous year and up 87.0% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Libya peaked at 33,880 million SLC in 2023 and was at its lowest, 249.82 million SLC, in 1970.
Libya ranks 151st of 230 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency in Libya, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 249.82 million SLC | — |
| 1971 | 296.34 million SLC | +18.6% |
| 1972 | 449.4 million SLC | +51.6% |
| 1973 | 654.86 million SLC | +45.7% |
| 1974 | 1,008 million SLC | +53.9% |
| 1975 | 1,086 million SLC | +7.7% |
| 1976 | 1,262 million SLC | +16.2% |
| 1977 | 1,408 million SLC | +11.6% |
| 1978 | 1,577 million SLC | +12.0% |
| 1979 | 1,910 million SLC | +21.1% |
| 1980 | 2,548 million SLC | +33.4% |
| 1981 | 2,985 million SLC | +17.2% |
| 1982 | 2,540 million SLC | -14.9% |
| 1983 | 2,273 million SLC | -10.5% |
| 1984 | 2,091 million SLC | -8.0% |
| 1985 | 1,676 million SLC | -19.8% |
| 1986 | 1,480 million SLC | -11.7% |
| 1987 | 1,022 million SLC | -31.0% |
| 1988 | 1,129 million SLC | +10.5% |
| 1989 | 1,244 million SLC | +10.2% |
| 1990 | 1,221 million SLC | -1.9% |
| 1991 | 1,112 million SLC | -8.9% |
| 1992 | 1,084 million SLC | -2.5% |
| 1993 | 1,618 million SLC | +49.2% |
| 1994 | 1,745 million SLC | +7.9% |
| 1995 | 1,379 million SLC | -21.0% |
| 1996 | 1,840 million SLC | +33.4% |
| 1997 | 1,821 million SLC | -1.0% |
| 1998 | 1,532 million SLC | -15.9% |
| 1999 | 1,695 million SLC | +10.6% |
| 2000 | 2,486 million SLC | +46.6% |
| 2001 | 10,104 million SLC | +306.5% |
| 2002 | 15,216 million SLC | +50.6% |
| 2003 | 15,201 million SLC | -0.1% |
| 2004 | 13,463 million SLC | -11.4% |
| 2005 | 17,455 million SLC | +29.7% |
| 2006 | 16,565 million SLC | -5.1% |
| 2007 | 17,780 million SLC | +7.3% |
| 2008 | 23,403 million SLC | +31.6% |
| 2009 | 19,085 million SLC | -18.4% |
| 2010 | 20,816 million SLC | +9.1% |
| 2011 | 10,257 million SLC | -50.7% |
| 2012 | 18,606 million SLC | +81.4% |
| 2013 | 16,060 million SLC | -13.7% |
| 2014 | 16,938 million SLC | +5.5% |
| 2015 | 11,503 million SLC | -32.1% |
| 2016 | 13,486 million SLC | +17.2% |
| 2017 | 15,148 million SLC | +12.3% |
| 2018 | 16,826 million SLC | +11.1% |
| 2019 | 15,337 million SLC | -8.8% |
| 2020 | 10,431 million SLC | -32.0% |
| 2021 | 25,409 million SLC | +143.6% |
| 2022 | 33,201 million SLC | +30.7% |
| 2023 | 33,880 million SLC | +2.0% |
| 2024 | 31,670 million SLC | -6.5% |
Libya compared with similar countries
- Libya's 31,670 million SLC is below the median for upper middle income countries, which is 199,742 million SLC, 16% of the median. (54 countries reporting)
- Libya's 31,670 million SLC is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 347,392 million SLC, 9% of the median. (22 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — 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 |
|---|---|---|---|
| 2001 | +306.5% | 2,486 million SLC | 10,104 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 990.09 million SLC | 249.82 million SLC | 1,910 million SLC | 10 |
| 1980s | 1,899 million SLC | 1,022 million SLC | 2,985 million SLC | 10 |
| 1990s | 1,505 million SLC | 1,084 million SLC | 1,840 million SLC | 10 |
| 2000s | 15,076 million SLC | 2,486 million SLC | 23,403 million SLC | 10 |
| 2010s | 15,498 million SLC | 10,257 million SLC | 20,816 million SLC | 10 |
| 2020s | 26,918 million SLC | 10,431 million SLC | 33,880 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)
- 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 fixed capital formation — value standard local currency in Libya?
- Gross fixed capital formation — value standard local currency in Libya was 31,670 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Libya?
- The highest recorded value was 33,880 million SLC in 2023.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Libya?
- The lowest recorded value was 249.82 million SLC in 1970.
- How does Libya rank for gross fixed capital formation — value standard local currency?
- Libya ranks 151st out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Libya?
- Over the last ten years it is up 87.0%. 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 Fixed Capital Formation — Value Standard Local Currency. 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).