Manufacturing, value added (current LCU) in Libya
Libya: Manufacturing, value added (current LCU) was 2.63 billion current LCU in 2017. ▲ Rising
Manufacturing, value added in Libya, 2002–2017
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2017, manufacturing, value added in Libya stood at 2.63 billion current LCU.
That represents a change of up 3.6% on the previous year and down 33.4% over ten years.
Over the whole period, manufacturing, value added in Libya peaked at 4.84 billion current LCU in 2008 and was at its lowest, 813.10 million current LCU, in 2002.
That places Libya 157th out of 205 countries with data for 2017, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 16 years of available data.
Manufacturing, value added (current LCU) in Libya, year by year
| Year | current LCU | Change |
|---|---|---|
| 2002 | 813.10 million current LCU | — |
| 2003 | 1.99 billion current LCU | +145.0% |
| 2004 | 2.45 billion current LCU | +22.9% |
| 2005 | 3.13 billion current LCU | +27.9% |
| 2006 | 3.69 billion current LCU | +17.7% |
| 2007 | 3.95 billion current LCU | +7.1% |
| 2008 | 4.84 billion current LCU | +22.5% |
| 2009 | 3.84 billion current LCU | -20.6% |
| 2010 | 3.78 billion current LCU | -1.6% |
| 2011 | 2.19 billion current LCU | -42.1% |
| 2012 | 2.70 billion current LCU | +23.4% |
| 2013 | 2.84 billion current LCU | +5.3% |
| 2014 | 3.33 billion current LCU | +17.3% |
| 2015 | 2.79 billion current LCU | -16.4% |
| 2016 | 2.54 billion current LCU | -9.0% |
| 2017 | 2.63 billion current LCU | +3.6% |
Libya compared with similar countries
- Libya's 2.63 billion current LCU is below the median for upper middle income countries, which is 124.95 billion current LCU, 2% of the median. (59 countries reporting)
- Libya's 2.63 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 106.23 billion current LCU, 2% of the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.09 billion current LCU | 813.10 million current LCU | 4.84 billion current LCU | 8 |
| 2010s | 2.85 billion current LCU | 2.19 billion current LCU | 3.78 billion current LCU | 8 |
Countries ranked near Libya
- 154 Luxembourg 3.33 billion current LCU compare
- 155 Turkmenistan 3.02 billion current LCU
- 156 Faroe Islands 2.64 billion current LCU compare
- 158 Macao 2.57 billion current LCU compare
- 159 Liechtenstein 2.53 billion current LCU
- 160 Gambia 2.37 billion current LCU compare
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 manufacturing, value added in Libya?
- Manufacturing, value added in Libya was 2.63 billion current LCU in 2017, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Libya?
- The highest recorded value was 4.84 billion current LCU in 2008.
- What is the lowest manufacturing, value added recorded in Libya?
- The lowest recorded value was 813.10 million current LCU in 2002.
- How does Libya rank for manufacturing, value added?
- Libya ranks 157th out of 205 countries with data for 2017.
- Is manufacturing, value added rising or falling in Libya?
- Over the last ten years it is down 33.4%. The long-run trend across the full record is rising.
- Where does this Libya data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Manufacturing, value added (current LCU). Statizoid updates them automatically from the source API.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.