Net secondary income in Libya
Libya: Net secondary income was -4.79 billion BoP, current US$ in 2023. ◆ Volatile
Net secondary income in Libya, 1977–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net secondary income in Libya is -4.79 billion BoP, current US$, measured in 2023. That is the lowest value across all 47 years on record.
Compared with earlier readings it is down 93.4% on the previous year and down 47.3% over ten years.
Over the whole period, net secondary income in Libya peaked at 586.00 million BoP, current US$ in 2006 and was at its lowest, -4.79 billion BoP, current US$, in 2023.
Libya ranks 177th of 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -963.01 million BoP, current US$ | -1.05 billion BoP, current US$ | -902.21 million BoP, current US$ | 3 |
| 1980s | -1.09 billion BoP, current US$ | -2.10 billion BoP, current US$ | -487.65 million BoP, current US$ | 10 |
| 1990s | -312.67 million BoP, current US$ | -480.97 million BoP, current US$ | -198.76 million BoP, current US$ | 10 |
| 2000s | -913.47 million BoP, current US$ | -2.51 billion BoP, current US$ | 586.00 million BoP, current US$ | 10 |
| 2010s | -1.34 billion BoP, current US$ | -3.25 billion BoP, current US$ | -377.00 million BoP, current US$ | 10 |
| 2020s | -2.21 billion BoP, current US$ | -4.79 billion BoP, current US$ | -761.30 million BoP, current US$ | 4 |
Countries ranked near Libya
- 174 Macao -3.65 billion BoP, current US$ compare
- 175 Austria -4.26 billion BoP, current US$ compare
- 176 Canada -4.56 billion BoP, current US$ compare
- 178 Ireland -4.96 billion BoP, current US$ compare
- 179 Denmark -5.27 billion BoP, current US$ compare
- 180 Norway -6.54 billion BoP, current US$ compare
More economy & growth data for Libya
- External balance on goods and services as a percent of GDP 5.8% (2025)
- Inflation of consumer prices 1.8% (2025)
- GDP per capita 8,634 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 2.8% (2017)
- Gross domestic product (GDP) 64.40 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 8,634 constant 2015 US$ (2025)
- DEC alternative conversion factor 5.31 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -22.55 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -4.25 billion current US$ (2025)
- Taxes less subsidies on products -4.24 billion current LCU (2025)
Frequently asked questions
- What is net secondary income in Libya?
- Net secondary income in Libya was -4.79 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net secondary income recorded in Libya?
- The highest recorded value was 586.00 million BoP, current US$ in 2006.
- What is the lowest net secondary income recorded in Libya?
- The lowest recorded value was -4.79 billion BoP, current US$ in 2023.
- How does Libya rank for net secondary income?
- Libya ranks 177th out of 198 countries with data for 2023.
- Is net secondary income rising or falling in Libya?
- Over the last ten years it is down 47.3%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net secondary income (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.