Net trade in goods and services (BoP, current US$), annual growth rate in Libya
Libya: Net trade in goods and services (BoP, current US$), annual growth rate was -62.63 % change on previous year in 2023. ◆ Volatile
Latest (2023)
-62.63 % change on previous year
Change on year
down 187.6%
World rank
175th
of 199 countries
All-time high
782.71 % change on previous year
in 1999
All-time low
-603.03 % change on previous year
in 2014
Years of data
45
1978–2023
Net trade in goods and services (BoP, current US$), annual growth rate in Libya, 1978–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, net trade in goods and services (bop, current us$), annual growth rate in Libya stood at -62.63 % change on previous year.
Compared with earlier readings it is down 187.6% on the previous year and up 28.1% over ten years.
Over the whole period, net trade in goods and services (bop, current us$), annual growth rate in Libya peaked at 782.71 % change on previous year in 1999 and was at its lowest, -603.03 % change on previous year, in 2014.
Libya ranks 175th of 199 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods and services (BoP, current US$), annual growth rate in Libya, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1978 | -34.1 % change on previous year | — |
| 1979 | 94.4 % change on previous year | -376.8% |
| 1980 | 70.43 % change on previous year | -25.4% |
| 1981 | -125.78 % change on previous year | -278.6% |
| 1982 | 125.7 % change on previous year | -199.9% |
| 1983 | 94.96 % change on previous year | -24.5% |
| 1984 | -56.24 % change on previous year | -159.2% |
| 1985 | 442.73 % change on previous year | -887.2% |
| 1986 | -85.64 % change on previous year | -119.3% |
| 1987 | -311.88 % change on previous year | +264.2% |
| 1988 | -84.03 % change on previous year | -73.1% |
| 1989 | 62.99 % change on previous year | -175.0% |
| 1990 | 519.13 % change on previous year | +724.1% |
| 1991 | -97.34 % change on previous year | -118.8% |
| 1993 | -165.26 % change on previous year | +69.8% |
| 1994 | 126.17 % change on previous year | -176.3% |
| 1995 | 567.96 % change on previous year | +350.1% |
| 1996 | -23.87 % change on previous year | -104.2% |
| 1997 | 14.2 % change on previous year | -159.5% |
| 1998 | -119.59 % change on previous year | -942.3% |
| 1999 | 782.71 % change on previous year | -754.5% |
| 2000 | 251.54 % change on previous year | -67.9% |
| 2001 | -30.99 % change on previous year | -112.3% |
| 2002 | -73.78 % change on previous year | +138.1% |
| 2003 | 247.92 % change on previous year | -436.0% |
| 2004 | 58.74 % change on previous year | -76.3% |
| 2005 | 120.89 % change on previous year | +105.8% |
| 2006 | 39.84 % change on previous year | -67.0% |
| 2007 | 20.44 % change on previous year | -48.7% |
| 2008 | 35.35 % change on previous year | +73.0% |
| 2009 | -71.3 % change on previous year | -301.7% |
| 2010 | 79.84 % change on previous year | -212.0% |
| 2011 | -81.17 % change on previous year | -201.7% |
| 2012 | 713.72 % change on previous year | -979.3% |
| 2013 | -87.14 % change on previous year | -112.2% |
| 2014 | -603.03 % change on previous year | +592.0% |
| 2015 | 47.32 % change on previous year | -107.8% |
| 2016 | 51.76 % change on previous year | +9.4% |
| 2017 | 182.06 % change on previous year | +251.8% |
| 2018 | 188.19 % change on previous year | +3.4% |
| 2019 | -64.39 % change on previous year | -134.2% |
| 2020 | -221.2 % change on previous year | +243.5% |
| 2021 | 245.36 % change on previous year | -210.9% |
| 2022 | 71.5 % change on previous year | -70.9% |
| 2023 | -62.63 % change on previous year | -187.6% |
Libya compared with similar countries
- Libya's -62.63 % change on previous year is below the median for upper middle income countries, which is -7.86 % change on previous year, 8.0× the median. (57 countries reporting)
- Libya's -62.63 % change on previous year is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is -11.82 % change on previous year, 5.3× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 30.15 % change on previous year | -34.1 % change on previous year | 94.4 % change on previous year | 2 |
| 1980s | 13.32 % change on previous year | -311.88 % change on previous year | 442.73 % change on previous year | 10 |
| 1990s | 178.23 % change on previous year | -165.26 % change on previous year | 782.71 % change on previous year | 9 |
| 2000s | 59.87 % change on previous year | -73.78 % change on previous year | 251.54 % change on previous year | 10 |
| 2010s | 42.71 % change on previous year | -603.03 % change on previous year | 713.72 % change on previous year | 10 |
| 2020s | 8.26 % change on previous year | -221.2 % change on previous year | 245.36 % change on previous year | 4 |
Countries ranked near Libya
- 172 Guinea -55.92 % change on previous year compare
- 173 Sierra Leone -56.49 % change on previous year compare
- 174 Sudan -57.12 % change on previous year compare
- 176 Benin -63.8 % change on previous year compare
- 177 Saint Kitts and Nevis -65.64 % change on previous year compare
- 178 Sint Maarten (Dutch part) -71.86 % change on previous year 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$), annual growth rate 12.66 % change on previous year (2025)
Frequently asked questions
- What is net trade in goods and services (bop, current us$), annual growth rate in Libya?
- Net trade in goods and services (bop, current us$), annual growth rate in Libya was -62.63 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest net trade in goods and services (bop, current us$), annual growth rate recorded in Libya?
- The highest recorded value was 782.71 % change on previous year in 1999.
- What is the lowest net trade in goods and services (bop, current us$), annual growth rate recorded in Libya?
- The lowest recorded value was -603.03 % change on previous year in 2014.
- How does Libya rank for net trade in goods and services (bop, current us$), annual growth rate?
- Libya ranks 175th out of 199 countries with data for 2023.
- Is net trade in goods and services (bop, current us$), annual growth rate rising or falling in Libya?
- Over the last ten years it is up 28.1%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from Statizoid (derived), published as part of Net trade in goods and services (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Net trade in goods and services (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Net trade in goods and services Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Net trade in goods and services (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.