Gross value added at basic prices (GVA) (constant LCU) in Libya
Libya: Gross value added at basic prices (GVA) (constant LCU) was 102.63 billion constant LCU in 2025. ▼ Falling
Gross value added at basic prices (GVA) in Libya, 2006–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Libya recorded 102.63 billion constant LCU for gross value added at basic prices (gva) in 2025.
Compared with earlier readings it is up 13.3% on the previous year and up 23.4% over ten years.
Over the whole period, gross value added at basic prices (gva) in Libya peaked at 138.14 billion constant LCU in 2007 and was at its lowest, 68.46 billion constant LCU, in 2020.
That places Libya 128th out of 198 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Gross value added at basic prices (GVA) (constant LCU) in Libya, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2006 | 128.85 billion constant LCU | — |
| 2007 | 138.14 billion constant LCU | +7.2% |
| 2008 | 137.43 billion constant LCU | -0.5% |
| 2009 | 130.35 billion constant LCU | -5.1% |
| 2010 | 136.83 billion constant LCU | +5.0% |
| 2011 | 73.15 billion constant LCU | -46.5% |
| 2012 | 134.07 billion constant LCU | +83.3% |
| 2013 | 111.44 billion constant LCU | -16.9% |
| 2014 | 86.65 billion constant LCU | -22.2% |
| 2015 | 83.15 billion constant LCU | -4.0% |
| 2016 | 80.89 billion constant LCU | -2.7% |
| 2017 | 103.94 billion constant LCU | +28.5% |
| 2018 | 109.58 billion constant LCU | +5.4% |
| 2019 | 100.39 billion constant LCU | -8.4% |
| 2020 | 68.46 billion constant LCU | -31.8% |
| 2021 | 88.55 billion constant LCU | +29.3% |
| 2022 | 80.72 billion constant LCU | -8.8% |
| 2023 | 89.33 billion constant LCU | +10.7% |
| 2024 | 90.58 billion constant LCU | +1.4% |
| 2025 | 102.63 billion constant LCU | +13.3% |
Libya compared with similar countries
- Libya's 102.63 billion constant LCU is below the median for upper middle income countries, which is 504.09 billion constant LCU, 20% of the median. (57 countries reporting)
- Libya's 102.63 billion constant LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 732.44 billion constant LCU, 14% of the median. (23 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) (constant 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 |
|---|---|---|---|
| 2012 | +83.3% | 73.15 billion constant LCU | 134.07 billion constant LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 133.69 billion constant LCU | 128.85 billion constant LCU | 138.14 billion constant LCU | 4 |
| 2010s | 102.01 billion constant LCU | 73.15 billion constant LCU | 136.83 billion constant LCU | 10 |
| 2020s | 86.71 billion constant LCU | 68.46 billion constant LCU | 102.63 billion constant LCU | 6 |
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 value added at basic prices (gva) in Libya?
- Gross value added at basic prices (gva) in Libya was 102.63 billion constant LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Libya?
- The highest recorded value was 138.14 billion constant LCU in 2007.
- What is the lowest gross value added at basic prices (gva) recorded in Libya?
- The lowest recorded value was 68.46 billion constant LCU in 2020.
- How does Libya rank for gross value added at basic prices (gva)?
- Libya ranks 128th out of 198 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Libya?
- Over the last ten years it is up 23.4%. The long-run trend across the full record is falling.
- Where does this Libya data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.