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$, in 2023.
Libya ranks 179th of 200 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income in Libya, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | -937.00 million BoP, current US$ | — |
| 1978 | -1.05 billion BoP, current US$ | +12.0% |
| 1979 | -902.21 million BoP, current US$ | -14.1% |
| 1980 | -1.13 billion BoP, current US$ | +25.7% |
| 1981 | -1.65 billion BoP, current US$ | +45.1% |
| 1982 | -1.67 billion BoP, current US$ | +1.7% |
| 1983 | -2.10 billion BoP, current US$ | +25.6% |
| 1984 | -1.32 billion BoP, current US$ | -37.2% |
| 1985 | -904.23 million BoP, current US$ | -31.6% |
| 1986 | -526.01 million BoP, current US$ | -41.8% |
| 1987 | -521.84 million BoP, current US$ | -0.8% |
| 1988 | -534.00 million BoP, current US$ | +2.3% |
| 1989 | -487.65 million BoP, current US$ | -8.7% |
| 1990 | -480.97 million BoP, current US$ | -1.4% |
| 1991 | -434.23 million BoP, current US$ | -9.7% |
| 1992 | -457.82 million BoP, current US$ | +5.4% |
| 1993 | -329.20 million BoP, current US$ | -28.1% |
| 1994 | -281.89 million BoP, current US$ | -14.4% |
| 1995 | -219.54 million BoP, current US$ | -22.1% |
| 1996 | -280.68 million BoP, current US$ | +27.8% |
| 1997 | -198.76 million BoP, current US$ | -29.2% |
| 1998 | -224.56 million BoP, current US$ | +13.0% |
| 1999 | -219.06 million BoP, current US$ | -2.5% |
| 2000 | -487.00 million BoP, current US$ | +122.3% |
| 2001 | -728.00 million BoP, current US$ | +49.5% |
| 2002 | -871.00 million BoP, current US$ | +19.6% |
| 2003 | -1.66 billion BoP, current US$ | +90.7% |
| 2004 | -2.51 billion BoP, current US$ | +51.1% |
| 2005 | -634.00 million BoP, current US$ | -74.7% |
| 2006 | 586.00 million BoP, current US$ | -192.4% |
| 2007 | -218.70 million BoP, current US$ | -137.3% |
| 2008 | -1.04 billion BoP, current US$ | +375.5% |
| 2009 | -1.57 billion BoP, current US$ | +51.2% |
| 2010 | -1.83 billion BoP, current US$ | +16.3% |
| 2011 | -377.00 million BoP, current US$ | -79.4% |
| 2012 | -2.82 billion BoP, current US$ | +649.1% |
| 2013 | -3.25 billion BoP, current US$ | +15.2% |
| 2014 | -1.12 billion BoP, current US$ | -65.5% |
| 2015 | -839.80 million BoP, current US$ | -25.1% |
| 2016 | -755.80 million BoP, current US$ | -10.0% |
| 2017 | -716.20 million BoP, current US$ | -5.2% |
| 2018 | -752.60 million BoP, current US$ | +5.1% |
| 2019 | -970.40 million BoP, current US$ | +28.9% |
| 2020 | -820.50 million BoP, current US$ | -15.4% |
| 2021 | -761.30 million BoP, current US$ | -7.2% |
| 2022 | -2.48 billion BoP, current US$ | +225.4% |
| 2023 | -4.79 billion BoP, current US$ | +93.4% |
Libya compared with similar countries
- Libya's -4.79 billion BoP, current US$ is below the median for upper middle income countries, which is 1.08 billion BoP, current US$. (57 countries reporting)
- Libya's -4.79 billion BoP, current US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.34 billion BoP, current US$. (22 countries reporting)
Biggest year-on-year movements
Years where Net secondary income in Libya changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2012 | -649.1% | -377.00 million BoP, current US$ | -2.82 billion BoP, current US$ |
| 2008 | -375.5% | -218.70 million BoP, current US$ | -1.04 billion BoP, current US$ |
| 2022 | -225.4% | -761.30 million BoP, current US$ | -2.48 billion BoP, current US$ |
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
- 176 Macao -3.65 billion BoP, current US$ compare
- 177 Austria -4.26 billion BoP, current US$ compare
- 178 Canada -4.56 billion BoP, current US$ compare
- 180 Ireland -4.96 billion BoP, current US$ compare
- 181 Denmark -5.27 billion BoP, current US$ compare
- 182 Norway -6.54 billion BoP, current US$ compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -56.51 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0012 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -7.66 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 794.70 million BoP, current US$ (2023)
- Foreign direct investment, net inflows (BoP, current US$), annual 13.21 % change on previous year (2023)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0181 BoP, current US$ per US$ of GDP (2023)
- Foreign direct investment, net inflows (BoP, current US$), per capita 108.78 BoP, current US$ per person (2023)
- Total reserves (includes gold, current US$), annual growth rate 12.66 % change on previous year (2025)
Frequently asked questions
- What is net secondary income in Libya?
- Net secondary income in Libya was -4.79 billion BoP, current US$ 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 179th out of 200 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.