Net trade in goods (BoP, current US$), annual growth rate in Libya
Libya: Net trade in goods (BoP, current US$), annual growth rate was -30.88 % change on previous year in 2023. ◆ Volatile
Net trade in goods (BoP, current US$), annual growth rate in Libya, 1978–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for net trade in goods (bop, current us$), annual growth rate in Libya is -30.88 % change on previous year, measured in 2023.
That represents a change of down 199.9% on the previous year and up 53.4% over ten years.
Over the whole period, net trade in goods (bop, current us$), annual growth rate in Libya peaked at 802.95 % change on previous year in 1989 and was at its lowest, -192.9 % change on previous year, in 2014.
Libya ranks 168th of 199 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods (BoP, current US$), annual growth rate in Libya, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1978 | -24.47 % change on previous year | — |
| 1979 | 77.31 % change on previous year | -415.9% |
| 1980 | 57.51 % change on previous year | -25.6% |
| 1981 | -98.55 % change on previous year | -271.3% |
| 1983 | 23.65 % change on previous year | -124.0% |
| 1984 | -23.91 % change on previous year | -201.1% |
| 1985 | 79.37 % change on previous year | -432.0% |
| 1986 | -70.03 % change on previous year | -188.2% |
| 1987 | -68.51 % change on previous year | -2.2% |
| 1988 | -125.08 % change on previous year | +82.6% |
| 1989 | 802.95 % change on previous year | -742.0% |
| 1990 | 393.69 % change on previous year | -51.0% |
| 1991 | -29.47 % change on previous year | -107.5% |
| 1992 | -0.6397 % change on previous year | -97.8% |
| 1993 | -95.72 % change on previous year | +14863.1% |
| 1994 | 733.69 % change on previous year | -866.5% |
| 1995 | 143.64 % change on previous year | -80.4% |
| 1996 | -9.42 % change on previous year | -106.6% |
| 1997 | 7.84 % change on previous year | -183.2% |
| 1998 | -82.38 % change on previous year | -1151.2% |
| 1999 | 650.4 % change on previous year | -889.5% |
| 2000 | 165.95 % change on previous year | -74.5% |
| 2001 | -26.55 % change on previous year | -116.0% |
| 2002 | -57.94 % change on previous year | +118.2% |
| 2003 | 132.42 % change on previous year | -328.5% |
| 2004 | 52.47 % change on previous year | -60.4% |
| 2005 | 104.17 % change on previous year | +98.5% |
| 2006 | 37.22 % change on previous year | -64.3% |
| 2007 | 20.51 % change on previous year | -44.9% |
| 2008 | 37.86 % change on previous year | +84.6% |
| 2009 | -62.64 % change on previous year | -265.5% |
| 2010 | 61.93 % change on previous year | -198.9% |
| 2011 | -67.76 % change on previous year | -209.4% |
| 2012 | 350.84 % change on previous year | -617.8% |
| 2013 | -66.23 % change on previous year | -118.9% |
| 2014 | -192.9 % change on previous year | +191.3% |
| 2015 | 49.93 % change on previous year | -125.9% |
| 2016 | 65.82 % change on previous year | +31.8% |
| 2017 | 536.62 % change on previous year | +715.3% |
| 2018 | 93.11 % change on previous year | -82.6% |
| 2019 | -29.37 % change on previous year | -131.5% |
| 2020 | -98.56 % change on previous year | +235.6% |
| 2022 | 30.91 % change on previous year | -131.4% |
| 2023 | -30.88 % change on previous year | -199.9% |
Libya compared with similar countries
- Libya's -30.88 % change on previous year is below the median for upper middle income countries, which is -9.29 % change on previous year, 3.3× the median. (57 countries reporting)
- Libya's -30.88 % change on previous year is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is -12.35 % change on previous year, 2.5× the median. (22 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods (BoP, current US$), annual growth rate in Libya changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | -14863.1% | -0.6397 % change on previous year | -95.72 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 26.42 % change on previous year | -24.47 % change on previous year | 77.31 % change on previous year | 2 |
| 1980s | 64.16 % change on previous year | -125.08 % change on previous year | 802.95 % change on previous year | 9 |
| 1990s | 171.16 % change on previous year | -95.72 % change on previous year | 733.69 % change on previous year | 10 |
| 2000s | 40.35 % change on previous year | -62.64 % change on previous year | 165.95 % change on previous year | 10 |
| 2010s | 80.2 % change on previous year | -192.9 % change on previous year | 536.62 % change on previous year | 10 |
| 2020s | -32.84 % change on previous year | -98.56 % change on previous year | 30.91 % change on previous year | 3 |
Countries ranked near Libya
- 165 Iceland -28.72 % change on previous year compare
- 166 Guinea -29.96 % change on previous year compare
- 167 Panama -30.35 % change on previous year compare
- 169 Argentina -31.44 % change on previous year compare
- 170 Mongolia -32.26 % change on previous year compare
- 171 Pakistan -32.27 % change on previous year compare
More economy & growth data for Libya
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.31 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.3 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), 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$), annual growth rate 12.66 % change on previous year (2025)
Frequently asked questions
- What is net trade in goods (bop, current us$), annual growth rate in Libya?
- Net trade in goods (bop, current us$), annual growth rate in Libya was -30.88 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest net trade in goods (bop, current us$), annual growth rate recorded in Libya?
- The highest recorded value was 802.95 % change on previous year in 1989.
- What is the lowest net trade in goods (bop, current us$), annual growth rate recorded in Libya?
- The lowest recorded value was -192.9 % change on previous year in 2014.
- How does Libya rank for net trade in goods (bop, current us$), annual growth rate?
- Libya ranks 168th out of 199 countries with data for 2023.
- Is net trade in goods (bop, current us$), annual growth rate rising or falling in Libya?
- Over the last ten years it is up 53.4%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from Statizoid (derived), published as part of Net trade in goods (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 44 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Net trade in goods (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Net trade in goods Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Net trade in goods (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.