Service exports (BoP, current US$), annual growth rate in Libya
Libya: Service exports (BoP, current US$), annual growth rate was 662.71 % change on previous year in 2023. ◆ Volatile
Service exports (BoP, current US$), annual growth rate in Libya, 1978–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Libya recorded 662.71 % change on previous year for service exports (bop, current us$), annual growth rate in 2023. That is the highest value across all 46 years on record.
Compared with earlier readings it is up 39,094.4% on the previous year and up 3,541.3% over ten years.
Over the whole period, service exports (bop, current us$), annual growth rate in Libya peaked at 662.71 % change on previous year in 2023 and was at its lowest, -90.2 % change on previous year, in 2011.
That places Libya 1st out of 199 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports (BoP, current US$), annual growth rate in Libya, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1978 | 12.66 % change on previous year | — |
| 1979 | -7.05 % change on previous year | -155.7% |
| 1980 | 15.4 % change on previous year | -318.5% |
| 1981 | -0.8219 % change on previous year | -105.3% |
| 1982 | 0.2066 % change on previous year | -125.1% |
| 1983 | -1.45 % change on previous year | -800.0% |
| 1984 | 5.66 % change on previous year | -491.4% |
| 1985 | -63.1 % change on previous year | -1214.7% |
| 1986 | 30.71 % change on previous year | -148.7% |
| 1987 | 37.34 % change on previous year | +21.6% |
| 1988 | 13.87 % change on previous year | -62.9% |
| 1989 | -8.52 % change on previous year | -161.4% |
| 1990 | -0.5115 % change on previous year | -94.0% |
| 1991 | -15.58 % change on previous year | +2946.5% |
| 1992 | 1.51 % change on previous year | -109.7% |
| 1993 | -45.22 % change on previous year | -3100.4% |
| 1994 | -33.03 % change on previous year | -26.9% |
| 1995 | -16.69 % change on previous year | -49.5% |
| 1996 | -16.24 % change on previous year | -2.7% |
| 1997 | 7.47 % change on previous year | -146.0% |
| 1998 | 43.58 % change on previous year | +483.3% |
| 1999 | 49.31 % change on previous year | +13.1% |
| 2000 | 191.15 % change on previous year | +287.7% |
| 2001 | 6.98 % change on previous year | -96.4% |
| 2002 | 117.94 % change on previous year | +1590.4% |
| 2003 | 10.22 % change on previous year | -91.3% |
| 2004 | -1.13 % change on previous year | -111.1% |
| 2005 | 22.2 % change on previous year | -2062.2% |
| 2006 | -8.43 % change on previous year | -138.0% |
| 2007 | -77.81 % change on previous year | +823.4% |
| 2008 | 91.43 % change on previous year | -217.5% |
| 2009 | 85.36 % change on previous year | -6.6% |
| 2010 | 6.52 % change on previous year | -92.4% |
| 2011 | -90.2 % change on previous year | -1483.5% |
| 2012 | 278.61 % change on previous year | -408.9% |
| 2013 | 18.2 % change on previous year | -93.5% |
| 2014 | -55.98 % change on previous year | -407.6% |
| 2015 | 509.85 % change on previous year | -1010.8% |
| 2016 | -82.3 % change on previous year | -116.1% |
| 2017 | 25.15 % change on previous year | -130.6% |
| 2018 | 24.95 % change on previous year | -0.8% |
| 2019 | 100.52 % change on previous year | +302.8% |
| 2020 | -15.85 % change on previous year | -115.8% |
| 2021 | -63.3 % change on previous year | +299.3% |
| 2022 | 1.69 % change on previous year | -102.7% |
| 2023 | 662.71 % change on previous year | +39094.5% |
Libya compared with similar countries
- Libya's 662.71 % change on previous year is above the median for upper middle income countries, which is 8.86 % change on previous year, 74.8× the median. (57 countries reporting)
- Libya's 662.71 % change on previous year is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 9.32 % change on previous year, 71.1× the median. (22 countries reporting)
Biggest year-on-year movements
Years where Service exports (BoP, current US$), annual growth rate in Libya changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2023 | +39094.5% | 1.69 % change on previous year | 662.71 % change on previous year |
| 1993 | -3100.4% | 1.51 % change on previous year | -45.22 % change on previous year |
| 1991 | -2946.5% | -0.5115 % change on previous year | -15.58 % change on previous year |
| 2005 | +2062.2% | -1.13 % change on previous year | 22.2 % change on previous year |
| 2002 | +1590.4% | 6.98 % change on previous year | 117.94 % change on previous year |
| 2011 | -1483.5% | 6.52 % change on previous year | -90.2 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.8 % change on previous year | -7.05 % change on previous year | 12.66 % change on previous year | 2 |
| 1980s | 2.93 % change on previous year | -63.1 % change on previous year | 37.34 % change on previous year | 10 |
| 1990s | -2.54 % change on previous year | -45.22 % change on previous year | 49.31 % change on previous year | 10 |
| 2000s | 43.79 % change on previous year | -77.81 % change on previous year | 191.15 % change on previous year | 10 |
| 2010s | 73.53 % change on previous year | -90.2 % change on previous year | 509.85 % change on previous year | 10 |
| 2020s | 146.31 % change on previous year | -63.3 % change on previous year | 662.71 % change on previous year | 4 |
Countries ranked near Libya
More economy & growth data for Libya
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.31 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.3 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), 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$), annual growth rate 12.66 % change on previous year (2025)
Frequently asked questions
- What is service exports (bop, current us$), annual growth rate in Libya?
- Service exports (bop, current us$), annual growth rate in Libya was 662.71 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest service exports (bop, current us$), annual growth rate recorded in Libya?
- The highest recorded value was 662.71 % change on previous year in 2023.
- What is the lowest service exports (bop, current us$), annual growth rate recorded in Libya?
- The lowest recorded value was -90.2 % change on previous year in 2011.
- How does Libya rank for service exports (bop, current us$), annual growth rate?
- Libya ranks 1st out of 199 countries with data for 2023.
- Is service exports (bop, current us$), annual growth rate rising or falling in Libya?
- Over the last ten years it is up 3,541.3%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from Statizoid (derived), published as part of Service exports (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 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 Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.