Gross value added at basic prices (GVA) (current US$) in Libya
Libya: Gross value added at basic prices (GVA) (current US$) was 48.90 billion current US$ in 2025. ▬ Flat
Gross value added at basic prices (GVA) in Libya, 2002–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in Libya is 48.90 billion current US$, measured in 2025.
Compared with earlier readings it is down 3.2% on the previous year and down 9.3% over ten years.
Over the whole period, gross value added at basic prices (gva) in Libya peaked at 104.50 billion current US$ in 2012 and was at its lowest, 20.40 billion current US$, in 2002.
That places Libya 93rd out of 207 countries with data for 2025, putting it in the middle of the range.
Gross value added at basic prices (GVA) (current US$) in Libya, year by year
| Year | current US$ | Change |
|---|---|---|
| 2002 | 20.40 billion current US$ | — |
| 2003 | 24.79 billion current US$ | +21.5% |
| 2004 | 37.00 billion current US$ | +49.3% |
| 2005 | 50.79 billion current US$ | +37.2% |
| 2006 | 65.34 billion current US$ | +28.6% |
| 2007 | 74.72 billion current US$ | +14.4% |
| 2008 | 94.66 billion current US$ | +26.7% |
| 2009 | 66.00 billion current US$ | -30.3% |
| 2010 | 82.08 billion current US$ | +24.4% |
| 2011 | 56.03 billion current US$ | -31.7% |
| 2012 | 104.50 billion current US$ | +86.5% |
| 2013 | 87.63 billion current US$ | -16.1% |
| 2014 | 67.18 billion current US$ | -23.3% |
| 2015 | 53.92 billion current US$ | -19.7% |
| 2016 | 53.69 billion current US$ | -0.4% |
| 2017 | 71.38 billion current US$ | +32.9% |
| 2018 | 81.54 billion current US$ | +14.2% |
| 2019 | 74.90 billion current US$ | -8.1% |
| 2020 | 50.89 billion current US$ | -32.1% |
| 2021 | 38.41 billion current US$ | -24.5% |
| 2022 | 45.45 billion current US$ | +18.3% |
| 2023 | 46.07 billion current US$ | +1.4% |
| 2024 | 50.54 billion current US$ | +9.7% |
| 2025 | 48.90 billion current US$ | -3.2% |
Libya compared with similar countries
- Libya's 48.90 billion current US$ is above the median for upper middle income countries, which is 39.41 billion current US$, 1.2× the median. (58 countries reporting)
- Libya's 48.90 billion current US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 110.20 billion current US$, 44% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 54.21 billion current US$ | 20.40 billion current US$ | 94.66 billion current US$ | 8 |
| 2010s | 73.29 billion current US$ | 53.69 billion current US$ | 104.50 billion current US$ | 10 |
| 2020s | 46.71 billion current US$ | 38.41 billion current US$ | 50.89 billion current US$ | 6 |
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 value added at basic prices (gva) in Libya?
- Gross value added at basic prices (gva) in Libya was 48.90 billion current US$ 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 104.50 billion current US$ in 2012.
- What is the lowest gross value added at basic prices (gva) recorded in Libya?
- The lowest recorded value was 20.40 billion current US$ in 2002.
- How does Libya rank for gross value added at basic prices (gva)?
- Libya ranks 93rd 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 down 9.3%. The long-run trend across the full record is flat.
- 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) (current US$). 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 indicator is expressed in United States dollars.