Inflation, consumer prices in Libya
Libya: Inflation, consumer prices was 2.13 in 2024. β Volatile
Latest (2024)
2.13
Change on year
down 10.4%
World rank
44th
of 70 countries
All-time high
29.38
in 1978
All-time low
-9.8
in 2002
Years of data
60
1965β2024
Inflation, consumer prices in Libya, 1965β2024
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.
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
- 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)
- Taxes less subsidies on products (current LCU), annual growth rate 57.21 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP -0.0882 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita -568.48 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.1351 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 7.4 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 5.41 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 0.185 (2025)
- Gdp worldbank constant usd, annual growth rate 13.37 % 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.
Download this data
CSV Β· JSON β 60 observations, free to reuse under UNICEF Terms of Use (attribution required).