Gross value added at basic prices (GVA) in Libya
Libya: Gross value added at basic prices (GVA) was 259.41 billion current LCU in 2025. ◆ Volatile
Gross value added at basic prices (GVA) in Libya, 2002–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2025, gross value added at basic prices (gva) in Libya stood at 259.41 billion current LCU. That is the highest value across all 24 years on record.
The figure is up 6.2% on the previous year and up 248.3% over ten years.
Over the whole period, gross value added at basic prices (gva) in Libya peaked at 259.41 billion current LCU in 2025 and was at its lowest, 25.91 billion current LCU, in 2002.
That places Libya 126th out of 207 countries with data for 2025, 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 value added at basic prices (GVA) in Libya, year by year
| Year | current LCU | Change |
|---|---|---|
| 2002 | 25.91 billion current LCU | — |
| 2003 | 31.73 billion current LCU | +22.4% |
| 2004 | 48.11 billion current LCU | +51.6% |
| 2005 | 66.45 billion current LCU | +38.1% |
| 2006 | 85.82 billion current LCU | +29.2% |
| 2007 | 94.34 billion current LCU | +9.9% |
| 2008 | 115.83 billion current LCU | +22.8% |
| 2009 | 82.73 billion current LCU | -28.6% |
| 2010 | 103.98 billion current LCU | +25.7% |
| 2011 | 68.59 billion current LCU | -34.0% |
| 2012 | 131.84 billion current LCU | +92.2% |
| 2013 | 111.44 billion current LCU | -15.5% |
| 2014 | 85.48 billion current LCU | -23.3% |
| 2015 | 74.48 billion current LCU | -12.9% |
| 2016 | 74.65 billion current LCU | +0.2% |
| 2017 | 99.50 billion current LCU | +33.3% |
| 2018 | 111.30 billion current LCU | +11.9% |
| 2019 | 104.73 billion current LCU | -5.9% |
| 2020 | 70.67 billion current LCU | -32.5% |
| 2021 | 173.41 billion current LCU | +145.4% |
| 2022 | 218.77 billion current LCU | +26.2% |
| 2023 | 221.75 billion current LCU | +1.4% |
| 2024 | 244.21 billion current LCU | +10.1% |
| 2025 | 259.41 billion current LCU | +6.2% |
Libya compared with similar countries
- Libya's 259.41 billion current LCU is below the median for upper middle income countries, which is 896.75 billion current LCU, 29% of the median. (58 countries reporting)
- Libya's 259.41 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.50 trillion current LCU, 17% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 68.87 billion current LCU | 25.91 billion current LCU | 115.83 billion current LCU | 8 |
| 2010s | 96.60 billion current LCU | 68.59 billion current LCU | 131.84 billion current LCU | 10 |
| 2020s | 198.03 billion current LCU | 70.67 billion current LCU | 259.41 billion current 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)
- 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 value added at basic prices (gva) in Libya?
- Gross value added at basic prices (gva) in Libya was 259.41 billion current LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Libya?
- The highest recorded value was 259.41 billion current LCU in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Libya?
- The lowest recorded value was 25.91 billion current LCU in 2002.
- How does Libya rank for gross value added at basic prices (gva)?
- Libya ranks 126th out of 207 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 248.3%. 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 Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.