Gross Fixed Capital Formation — Value US$ in Libya
Libya: Gross Fixed Capital Formation — Value US$ was 6,554 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ in Libya, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Libya recorded 6,554 million USD for gross fixed capital formation — value us$ in 2024.
That represents a change of down 6.9% on the previous year and down 50.8% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Libya peaked at 19,127 million USD in 2008 and was at its lowest, 699.49 million USD, in 1970.
Libya ranks 126th of 235 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 US$ in Libya, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 699.49 million USD | — |
| 1971 | 831.66 million USD | +18.9% |
| 1972 | 1,366 million USD | +64.3% |
| 1973 | 2,183 million USD | +59.8% |
| 1974 | 3,405 million USD | +56.0% |
| 1975 | 3,667 million USD | +7.7% |
| 1976 | 4,262 million USD | +16.2% |
| 1977 | 4,757 million USD | +11.6% |
| 1978 | 5,327 million USD | +12.0% |
| 1979 | 6,451 million USD | +21.1% |
| 1980 | 8,605 million USD | +33.4% |
| 1981 | 10,084 million USD | +17.2% |
| 1982 | 8,581 million USD | -14.9% |
| 1983 | 7,676 million USD | -10.5% |
| 1984 | 7,062 million USD | -8.0% |
| 1985 | 5,661 million USD | -19.8% |
| 1986 | 4,692 million USD | -17.1% |
| 1987 | 3,440 million USD | -26.7% |
| 1988 | 3,951 million USD | +14.9% |
| 1989 | 4,153 million USD | +5.1% |
| 1990 | 4,312 million USD | +3.8% |
| 1991 | 3,963 million USD | -8.1% |
| 1992 | 3,851 million USD | -2.8% |
| 1993 | 5,315 million USD | +38.0% |
| 1994 | 5,009 million USD | -5.8% |
| 1995 | 3,297 million USD | -34.2% |
| 1996 | 4,211 million USD | +27.7% |
| 1997 | 3,952 million USD | -6.2% |
| 1998 | 3,277 million USD | -17.1% |
| 1999 | 3,655 million USD | +11.5% |
| 2000 | 4,853 million USD | +32.8% |
| 2001 | 16,700 million USD | +244.1% |
| 2002 | 11,974 million USD | -28.3% |
| 2003 | 11,757 million USD | -1.8% |
| 2004 | 10,317 million USD | -12.2% |
| 2005 | 13,341 million USD | +29.3% |
| 2006 | 12,611 million USD | -5.5% |
| 2007 | 14,081 million USD | +11.7% |
| 2008 | 19,127 million USD | +35.8% |
| 2009 | 15,225 million USD | -20.4% |
| 2010 | 16,432 million USD | +7.9% |
| 2011 | 8,379 million USD | -49.0% |
| 2012 | 14,748 million USD | +76.0% |
| 2013 | 12,628 million USD | -14.4% |
| 2014 | 13,312 million USD | +5.4% |
| 2015 | 8,328 million USD | -37.4% |
| 2016 | 9,700 million USD | +16.5% |
| 2017 | 10,868 million USD | +12.0% |
| 2018 | 12,327 million USD | +13.4% |
| 2019 | 10,968 million USD | -11.0% |
| 2020 | 7,512 million USD | -31.5% |
| 2021 | 5,628 million USD | -25.1% |
| 2022 | 6,898 million USD | +22.6% |
| 2023 | 7,039 million USD | +2.1% |
| 2024 | 6,554 million USD | -6.9% |
Libya compared with similar countries
- Libya's 6,554 million USD is below the median for upper middle income countries, which is 8,136 million USD, 81% of the median. (54 countries reporting)
- Libya's 6,554 million USD is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 20,159 million USD, 33% of the median. (22 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value US$ 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 | +244.1% | 4,853 million USD | 16,700 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3,295 million USD | 699.49 million USD | 6,451 million USD | 10 |
| 1980s | 6,390 million USD | 3,440 million USD | 10,084 million USD | 10 |
| 1990s | 4,084 million USD | 3,277 million USD | 5,315 million USD | 10 |
| 2000s | 12,999 million USD | 4,853 million USD | 19,127 million USD | 10 |
| 2010s | 11,769 million USD | 8,328 million USD | 16,432 million USD | 10 |
| 2020s | 6,726 million USD | 5,628 million USD | 7,512 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -56.51 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0012 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -7.66 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 794.70 million BoP, current US$ (2023)
- Foreign direct investment, net inflows (BoP, current US$), annual 13.21 % change on previous year (2023)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0181 BoP, current US$ per US$ of GDP (2023)
- Foreign direct investment, net inflows (BoP, current US$), per capita 108.78 BoP, current US$ per person (2023)
- Total reserves (includes gold, current US$), annual growth rate 12.66 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$ in Libya?
- Gross fixed capital formation — value us$ in Libya was 6,554 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$ recorded in Libya?
- The highest recorded value was 19,127 million USD in 2008.
- What is the lowest gross fixed capital formation — value us$ recorded in Libya?
- The lowest recorded value was 699.49 million USD in 1970.
- How does Libya rank for gross fixed capital formation — value us$?
- Libya ranks 126th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Libya?
- Over the last ten years it is down 50.8%. 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 US$. Statizoid updates them automatically from the source API.
Download this data
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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).