Gross Fixed Capital Formation — Value US$, 2015 prices in Libya
Libya: Gross Fixed Capital Formation — Value US$, 2015 prices was 5,532 million USD in 2024. ▼ Falling
Gross Fixed Capital Formation — Value US$, 2015 prices in Libya, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross fixed capital formation — value us$, 2015 prices in Libya stood at 5,532 million USD.
The figure is down 8.4% on the previous year and down 51.5% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Libya peaked at 22,790 million USD in 1981 and was at its lowest, 4,873 million USD, in 2020.
That places Libya 120th out of 219 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 55 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15,800 million USD | 10,747 million USD | 22,208 million USD | 10 |
| 1980s | 14,578 million USD | 9,025 million USD | 22,790 million USD | 10 |
| 1990s | 10,340 million USD | 7,602 million USD | 12,510 million USD | 10 |
| 2000s | 14,996 million USD | 11,068 million USD | 20,004 million USD | 10 |
| 2010s | 10,868 million USD | 7,249 million USD | 18,292 million USD | 10 |
| 2020s | 5,629 million USD | 4,873 million USD | 6,233 million USD | 5 |
Countries ranked near Libya
- 117 Mozambique 5,927 million USD compare
- 118 Iceland 5,796 million USD compare
- 119 Tajikistan 5,630 million USD compare
- 121 Sudan 5,454 million USD compare
- 122 Georgia 5,315 million USD compare
- 123 Bosnia and Herzegovina 5,308 million USD compare
More economy & growth data for Libya
- External balance on goods and services as a percent of gdp 5.77 (2025)
- Inflation of consumer prices 1.84 (2025)
- Gdp per capita worldbank constant usd 8,634 (2025)
- Manufacturing value added to gdp 2.81 (2017)
- Gdp worldbank constant usd 64.40 billion (2025)
- Gdp per capita in international and market dollars 8,634 (2025)
- DEC alternative conversion factor 5.31 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -22.55 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -4.25 billion current US$ (2025)
- Taxes less subsidies on products -4.24 billion current LCU (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Libya?
- Gross fixed capital formation — value us$, 2015 prices in Libya was 5,532 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Libya?
- The highest recorded value was 22,790 million USD in 1981.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Libya?
- The lowest recorded value was 4,873 million USD in 2020.
- How does Libya rank for gross fixed capital formation — value us$, 2015 prices?
- Libya ranks 120th out of 219 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Libya?
- Over the last ten years it is down 51.5%. The long-run trend across the full record is falling.
- 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 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).