Gross savings in Libya
Libya: Gross savings was 11.39 billion current US$ in 2023. ◆ Volatile
Gross savings in Libya, 1990–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Libya recorded 11.39 billion current US$ for gross savings in 2023.
Compared with earlier readings it is down 19.7% on the previous year and down 50.1% over ten years.
Over the whole period, gross savings in Libya peaked at 57.46 billion current US$ in 2008 and was at its lowest, -186.80 million current US$, in 2020.
Libya ranks 89th of 177 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.08 billion current US$ | 3.10 billion current US$ | 7.24 billion current US$ | 10 |
| 2000s | 25.24 billion current US$ | 5.69 billion current US$ | 57.46 billion current US$ | 10 |
| 2010s | 17.68 billion current US$ | 916.42 million current US$ | 42.19 billion current US$ | 10 |
| 2020s | 8.89 billion current US$ | -186.80 million current US$ | 14.19 billion current US$ | 4 |
Countries ranked near Libya
More economy & growth data for Libya
- External balance on goods and services as a percent of GDP 5.8% (2025)
- Inflation of consumer prices 1.8% (2025)
- GDP per capita 8,634 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 2.8% (2017)
- Gross domestic product (GDP) 64.40 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 8,634 constant 2015 US$ (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 savings in Libya?
- Gross savings in Libya was 11.39 billion current US$ 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 57.46 billion current US$ in 2008.
- What is the lowest gross savings recorded in Libya?
- The lowest recorded value was -186.80 million current US$ in 2020.
- How does Libya rank for gross savings?
- Libya ranks 89th out of 177 countries with data for 2023.
- Is gross savings rising or falling in Libya?
- Over the last ten years it is down 50.1%. 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 US$). 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 indicator is expressed in United States dollars.