Inflation, consumer prices (annual %) (UNICEF) in Libya
Libya: Inflation, consumer prices (annual %) (UNICEF) was 2.13 in 2024. ◆ Volatile
Inflation, consumer prices in Libya, 1965–2024
Source: UNICEF.
Analysis
In 2024, inflation, consumer prices in Libya stood at 2.13.
The figure is down 10.4% on the previous year and down 12.6% over ten years.
Over the whole period, inflation, consumer prices in Libya peaked at 29.38 in 1978 and was at its lowest, -9.8, in 2002.
Libya ranks 44th of 70 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.
Inflation, consumer prices (annual %) (UNICEF) in Libya, year by year
| Year | Value | Change |
|---|---|---|
| 1965 | 11.43 | — |
| 1966 | 12.24 | +7.2% |
| 1967 | 7.3 | -40.4% |
| 1968 | 0.3912 | -94.6% |
| 1969 | 9.79 | +2401.3% |
| 1970 | -5.3 | -154.1% |
| 1971 | -3.1 | -41.4% |
| 1972 | -0.251 | -91.9% |
| 1973 | 7.97 | -3275.4% |
| 1974 | 7.46 | -6.4% |
| 1975 | 9.12 | +22.3% |
| 1976 | 5.48 | -39.9% |
| 1977 | 6.28 | +14.6% |
| 1978 | 29.38 | +367.8% |
| 1979 | -6.04 | -120.6% |
| 1980 | 9.73 | -261.2% |
| 1981 | 11.2 | +15.1% |
| 1982 | 10.26 | -8.4% |
| 1983 | 10.61 | +3.4% |
| 1984 | 12.48 | +17.7% |
| 1985 | 9.14 | -26.8% |
| 1986 | 3.29 | -64.0% |
| 1987 | 4.36 | +32.4% |
| 1988 | 6.09 | +39.7% |
| 1989 | 1.51 | -75.2% |
| 1990 | 8.45 | +459.0% |
| 1991 | 11.9 | +40.8% |
| 1992 | 9.36 | -21.3% |
| 1993 | 11.07 | +18.3% |
| 1994 | 5.11 | -53.8% |
| 1995 | 7.24 | +41.6% |
| 1996 | 4.03 | -44.3% |
| 1997 | 3.55 | -11.9% |
| 1998 | 3.71 | +4.5% |
| 1999 | 2.65 | -28.6% |
| 2000 | -2.9 | -209.5% |
| 2001 | -8.81 | +203.9% |
| 2002 | -9.8 | +11.2% |
| 2003 | -2.19 | -77.6% |
| 2004 | -2.2 | +0.3% |
| 2005 | 2.65 | -220.6% |
| 2006 | 1.46 | -44.9% |
| 2007 | 6.25 | +328.4% |
| 2008 | 10.36 | +65.7% |
| 2009 | 2.46 | -76.3% |
| 2010 | 2.8 | +13.8% |
| 2011 | 15.52 | +454.3% |
| 2012 | 6.06 | -61.0% |
| 2013 | 2.61 | -57.0% |
| 2014 | 2.43 | -6.6% |
| 2015 | 10.4 | +327.6% |
| 2016 | 25.85 | +148.5% |
| 2017 | 25.8 | -0.2% |
| 2018 | 13.17 | -49.0% |
| 2019 | -2.16 | -116.4% |
| 2020 | 1.45 | -166.9% |
| 2021 | 2.87 | +98.2% |
| 2022 | 4.51 | +57.2% |
| 2023 | 2.37 | -47.4% |
| 2024 | 2.13 | -10.4% |
Libya compared with similar countries
- Libya's 2.13 is below the median for upper middle income countries, which is 3.41, 62% of the median. (18 countries reporting)
- Libya's 2.13 is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.1, 1.0× the median. (20 countries reporting)
Biggest year-on-year movements
Years where Inflation, consumer prices (annual %) (UNICEF) 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 |
|---|---|---|---|
| 1973 | +3275.4% | -0.251 | 7.97 |
| 1969 | +2401.3% | 0.3912 | 9.79 |
| 1990 | +459.0% | 1.51 | 8.45 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.23 | 0.3912 | 12.24 | 5 |
| 1970s | 5.1 | -6.04 | 29.38 | 10 |
| 1980s | 7.87 | 1.51 | 12.48 | 10 |
| 1990s | 6.71 | 2.65 | 11.9 | 10 |
| 2000s | -0.2719 | -9.8 | 10.36 | 10 |
| 2010s | 10.25 | -2.16 | 25.85 | 10 |
| 2020s | 2.67 | 1.45 | 4.51 | 5 |
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 inflation, consumer prices in Libya?
- Inflation, consumer prices in Libya was 2.13 in 2024, according to UNICEF.
- What is the highest inflation, consumer prices recorded in Libya?
- The highest recorded value was 29.38 in 1978.
- What is the lowest inflation, consumer prices recorded in Libya?
- The lowest recorded value was -9.8 in 2002.
- How does Libya rank for inflation, consumer prices?
- Libya ranks 44th out of 70 countries with data for 2024.
- Is inflation, consumer prices rising or falling in Libya?
- Over the last ten years it is down 12.6%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from UNICEF, published as part of Inflation, consumer prices (annual %). Statizoid updates them automatically from the source API.
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