Merchandise trade to GDP ratio in Libya
Libya: Merchandise trade to GDP ratio was 94.8% in 2008. ▲ Rising
Merchandise trade to GDP ratio in Libya, 1990–2008
Source: World Bank country economists. Measured in %.
Analysis
The most recent figure for merchandise trade to gdp ratio in Libya is 94.8%, measured in 2008.
The figure is down 2.1% on the previous year and up 135.6% over ten years.
Over the whole period, merchandise trade to gdp ratio in Libya peaked at 99.1% in 2003 and was at its lowest, 40.3%, in 1998.
That places Libya 18th out of 53 countries with data for 2008, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Merchandise trade to GDP ratio in Libya, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 70.8% | — |
| 1991 | 64.6% | -8.8% |
| 1992 | 56.1% | -13.2% |
| 1993 | 59.8% | +6.7% |
| 1994 | 53.2% | -11.1% |
| 1995 | 51.6% | -2.9% |
| 1996 | 52.5% | +1.8% |
| 1997 | 48.6% | -7.4% |
| 1998 | 40.3% | -17.2% |
| 1999 | 41.1% | +2.0% |
| 2000 | 51.1% | +24.5% |
| 2001 | 51.8% | +1.4% |
| 2002 | 81.4% | +57.1% |
| 2003 | 99.1% | +21.7% |
| 2004 | 95.4% | -3.7% |
| 2005 | 94.7% | -0.7% |
| 2006 | 96.8% | +2.1% |
| 2007 | 96.9% | +0.1% |
| 2008 | 94.8% | -2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 53.8% | 40.3% | 70.8% | 10 |
| 2000s | 84.7% | 51.1% | 99.1% | 9 |
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)
- Gross domestic savings (current US$), annual growth rate 6.3 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.3679 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 2,372 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 16.7 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 1.95 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 12,586 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 7.83 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.12 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is merchandise trade to gdp ratio in Libya?
- Merchandise trade to gdp ratio in Libya was 94.8% in 2008, according to World Bank country economists.
- What is the highest merchandise trade to gdp ratio recorded in Libya?
- The highest recorded value was 99.1% in 2003.
- What is the lowest merchandise trade to gdp ratio recorded in Libya?
- The lowest recorded value was 40.3% in 1998.
- How does Libya rank for merchandise trade to gdp ratio?
- Libya ranks 18th out of 53 countries with data for 2008.
- Is merchandise trade to gdp ratio rising or falling in Libya?
- Over the last ten years it is up 135.6%. The long-run trend across the full record is rising.
- Where does this Libya data come from?
- The figures come from World Bank country economists, published as part of Merchandise trade to GDP ratio (%). Statizoid updates them automatically from the source API.
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CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current US dollars and from the national accounts.