Real gdp growth in Libya
Libya: Real gdp growth was -11.2 in 2019. ◆ Volatile
Real gdp growth in Libya, 1980–2019
Source: Our World in Data.
Analysis
Libya recorded -11.2 for real gdp growth in 2019.
Compared with earlier readings it is down 241.0% on the previous year and down 154.4% over ten years.
Over the whole period, real gdp growth in Libya peaked at 86.83 in 2012 and was at its lowest, -50.34, in 2011.
Libya ranks 195th of 196 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Real gdp growth in Libya, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.6057 | — |
| 1981 | -20.04 | -3408.5% |
| 1982 | 1.52 | -107.6% |
| 1983 | -4.71 | -410.3% |
| 1984 | -8.31 | +76.4% |
| 1985 | 0.6072 | -107.3% |
| 1986 | -11.35 | -1969.5% |
| 1987 | -14.7 | +29.5% |
| 1988 | 7.58 | -151.6% |
| 1989 | 7.2 | -5.0% |
| 1990 | 3.72 | -48.3% |
| 1991 | 18.32 | +392.5% |
| 1992 | -4.55 | -124.8% |
| 1993 | -5.47 | +20.3% |
| 1994 | 3.22 | -158.9% |
| 1995 | -15.43 | -579.3% |
| 1996 | 1.76 | -111.4% |
| 1997 | -2.63 | -249.8% |
| 1998 | -0.6764 | -74.3% |
| 1999 | -0.189 | -72.1% |
| 2000 | 4.04 | -2238.9% |
| 2001 | 2.63 | -35.0% |
| 2002 | -3.73 | -241.9% |
| 2003 | 16.14 | -533.2% |
| 2004 | 5.84 | -63.8% |
| 2005 | 10.62 | +81.7% |
| 2006 | 0.2784 | -97.4% |
| 2007 | 6.23 | +2137.6% |
| 2008 | -0.1622 | -102.6% |
| 2009 | -4.4 | +2612.7% |
| 2010 | 5.03 | -214.3% |
| 2011 | -50.34 | -1101.3% |
| 2012 | 86.83 | -272.5% |
| 2013 | -18 | -120.7% |
| 2014 | -23.04 | +28.0% |
| 2015 | -0.8427 | -96.3% |
| 2016 | -1.49 | +76.9% |
| 2017 | 32.49 | -2279.3% |
| 2018 | 7.94 | -75.6% |
| 2019 | -11.2 | -241.0% |
Libya compared with similar countries
- Libya's -11.2 is below the median for upper middle income countries, which is 3.5. (57 countries reporting)
- Libya's -11.2 is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 3.18. (23 countries reporting)
Biggest year-on-year movements
Years where Real gdp growth 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 |
|---|---|---|---|
| 1981 | -3408.5% | 0.6057 | -20.04 |
| 2009 | -2612.7% | -0.1622 | -4.4 |
| 2017 | +2279.3% | -1.49 | 32.49 |
| 2000 | +2238.9% | -0.189 | 4.04 |
| 2007 | +2137.6% | 0.2784 | 6.23 |
| 1986 | -1969.5% | 0.6072 | -11.35 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -4.16 | -20.04 | 7.58 | 10 |
| 1990s | -0.1926 | -15.43 | 18.32 | 10 |
| 2000s | 3.75 | -4.4 | 16.14 | 10 |
| 2010s | 2.74 | -50.34 | 86.83 | 10 |
Countries ranked near Libya
More economy & growth data for Libya
- Real gdp growth, annual growth rate -240.99 % change on previous year (2019)
- 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)
- SDRs holdings, US dollar, annual growth rate 6.09 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.094 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 605.92 units per person (2025)
- SDRs holdings, SDR, annual growth rate 1.03 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0686 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 442.44 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is real gdp growth in Libya?
- Real gdp growth in Libya was -11.2 in 2019, according to Our World in Data.
- What is the highest real gdp growth recorded in Libya?
- The highest recorded value was 86.83 in 2012.
- What is the lowest real gdp growth recorded in Libya?
- The lowest recorded value was -50.34 in 2011.
- How does Libya rank for real gdp growth?
- Libya ranks 195th out of 196 countries with data for 2019.
- Is real gdp growth rising or falling in Libya?
- Over the last ten years it is down 154.4%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
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