Gross savings (current LCU) in Libya
Libya: Gross savings (current LCU) was 54.81 billion current LCU in 2023. ◆ Volatile
Gross savings in Libya, 1990–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for gross savings in Libya is 54.81 billion current LCU, measured in 2023.
Compared with earlier readings it is down 19.7% on the previous year and up 89.0% over ten years.
Over the whole period, gross savings in Libya peaked at 70.31 billion current LCU in 2008 and was at its lowest, -259.40 million current LCU, in 2020.
That places Libya 119th out of 178 countries with data for 2023, 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 savings (current LCU) in Libya, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 2.05 billion current LCU | — |
| 1991 | 1.29 billion current LCU | -37.2% |
| 1992 | 1.47 billion current LCU | +14.6% |
| 1993 | 1.07 billion current LCU | -27.5% |
| 1994 | 1.58 billion current LCU | +47.3% |
| 1995 | 2.19 billion current LCU | +39.1% |
| 1996 | 2.80 billion current LCU | +27.9% |
| 1997 | 2.37 billion current LCU | -15.6% |
| 1998 | 1.45 billion current LCU | -38.8% |
| 1999 | 2.71 billion current LCU | +87.1% |
| 2000 | 6.35 billion current LCU | +134.4% |
| 2001 | 5.69 billion current LCU | -10.4% |
| 2002 | 7.23 billion current LCU | +27.1% |
| 2003 | 16.58 billion current LCU | +129.4% |
| 2004 | 18.90 billion current LCU | +14.0% |
| 2005 | 38.31 billion current LCU | +102.7% |
| 2006 | 53.60 billion current LCU | +39.9% |
| 2007 | 55.10 billion current LCU | +2.8% |
| 2008 | 70.31 billion current LCU | +27.6% |
| 2009 | 32.95 billion current LCU | -53.1% |
| 2010 | 49.47 billion current LCU | +50.1% |
| 2011 | 12.42 billion current LCU | -74.9% |
| 2012 | 53.23 billion current LCU | +328.6% |
| 2013 | 29.00 billion current LCU | -45.5% |
| 2014 | 9.66 billion current LCU | -66.7% |
| 2015 | 3.87 billion current LCU | -60.0% |
| 2016 | 1.27 billion current LCU | -67.0% |
| 2017 | 20.03 billion current LCU | +1471.8% |
| 2018 | 32.33 billion current LCU | +61.4% |
| 2019 | 18.48 billion current LCU | -42.9% |
| 2020 | -259.40 million current LCU | -101.4% |
| 2021 | 45.83 billion current LCU | -17768.5% |
| 2022 | 68.29 billion current LCU | +49.0% |
| 2023 | 54.81 billion current LCU | -19.7% |
Libya compared with similar countries
- Libya's 54.81 billion current LCU is below the median for upper middle income countries, which is 445.87 billion current LCU, 12% of the median. (49 countries reporting)
- Libya's 54.81 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 109.67 billion current LCU, 50% of the median. (21 countries reporting)
Biggest year-on-year movements
Years where Gross savings (current LCU) 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 |
|---|---|---|---|
| 2021 | +17768.5% | -259.40 million current LCU | 45.83 billion current LCU |
| 2017 | +1471.8% | 1.27 billion current LCU | 20.03 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.90 billion current LCU | 1.07 billion current LCU | 2.80 billion current LCU | 10 |
| 2000s | 30.50 billion current LCU | 5.69 billion current LCU | 70.31 billion current LCU | 10 |
| 2010s | 22.98 billion current LCU | 1.27 billion current LCU | 53.23 billion current LCU | 10 |
| 2020s | 42.17 billion current LCU | -259.40 million current LCU | 68.29 billion current LCU | 4 |
Countries ranked near Libya
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 savings in Libya?
- Gross savings in Libya was 54.81 billion current LCU in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Libya?
- The highest recorded value was 70.31 billion current LCU in 2008.
- What is the lowest gross savings recorded in Libya?
- The lowest recorded value was -259.40 million current LCU in 2020.
- How does Libya rank for gross savings?
- Libya ranks 119th out of 178 countries with data for 2023.
- Is gross savings rising or falling in Libya?
- Over the last ten years it is up 89.0%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.