Merchandise trade as a proportion of GDP (%) in Libya
Libya: Merchandise trade as a proportion of GDP (%) was 98.1% in 2024. ▲ Rising
Merchandise trade as a proportion of GDP in Libya, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Libya recorded 98.1% for merchandise trade as a proportion of gdp in 2024.
The figure is down 15.8% on the previous year and up 9.4% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Libya peaked at 130.4% in 2021 and was at its lowest, 31.8%, in 2000.
Libya ranks 32nd of 220 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Merchandise trade as a proportion of GDP (%) in Libya, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 31.8% | — |
| 2001 | 32.6% | +2.7% |
| 2002 | 51.3% | +57.3% |
| 2003 | 52.8% | +2.9% |
| 2004 | 57.3% | +8.5% |
| 2005 | 55.4% | -3.3% |
| 2006 | 56.0% | +1.0% |
| 2007 | 61.7% | +10.3% |
| 2008 | 65.8% | +6.6% |
| 2009 | 67.9% | +3.3% |
| 2010 | 99.6% | +46.6% |
| 2011 | 55.8% | -44.0% |
| 2012 | 88.1% | +57.9% |
| 2013 | 103.0% | +16.9% |
| 2014 | 89.7% | -13.0% |
| 2015 | 73.3% | -18.2% |
| 2016 | 63.2% | -13.8% |
| 2017 | 45.1% | -28.6% |
| 2018 | 58.3% | +29.4% |
| 2019 | 64.0% | +9.8% |
| 2020 | 41.7% | -34.9% |
| 2021 | 130.4% | +212.7% |
| 2022 | 127.9% | -1.9% |
| 2023 | 116.5% | -9.0% |
| 2024 | 98.1% | -15.8% |
Libya compared with similar countries
- Libya's 98.1% is above the median for upper middle income countries, which is 56.9%, 1.7× the median. (55 countries reporting)
- Libya's 98.1% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 67.4%, 1.5× the median. (21 countries reporting)
Biggest year-on-year movements
Years where Merchandise trade as a proportion of GDP (%) 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 |
|---|---|---|---|
| 2021 | +212.7% | 41.7% | 130.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 53.3% | 31.8% | 67.9% | 10 |
| 2010s | 74.0% | 45.1% | 103.0% | 10 |
| 2020s | 102.9% | 41.7% | 130.4% | 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 merchandise trade as a proportion of gdp in Libya?
- Merchandise trade as a proportion of gdp in Libya was 98.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Libya?
- The highest recorded value was 130.4% in 2021.
- What is the lowest merchandise trade as a proportion of gdp recorded in Libya?
- The lowest recorded value was 31.8% in 2000.
- How does Libya rank for merchandise trade as a proportion of gdp?
- Libya ranks 32nd out of 220 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Libya?
- Over the last ten years it is up 9.4%. The long-run trend across the full record is rising.
- Where does this Libya data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).