Service exports in Libya
Libya: Service exports was 642.20 million BoP, current US$ in 2023. ◆ Volatile
Latest (2023)
642.20 million BoP, current US$
Change on year
up 662.7%
World rank
148th
of 200 countries
All-time high
642.20 million BoP, current US$
in 2023
All-time low
25.64 million BoP, current US$
in 1996
Years of data
47
1977–2023
Service exports in Libya, 1977–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for service exports in Libya is 642.20 million BoP, current US$, measured in 2023. That is the highest value across all 47 years on record.
The figure is up 662.7% on the previous year and up 257.0% over ten years.
Over the whole period, service exports in Libya peaked at 642.20 million BoP, current US$ in 2023 and was at its lowest, 25.64 million BoP, current US$, in 1996.
Libya ranks 148th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports in Libya, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | 136.12 million BoP, current US$ | — |
| 1978 | 153.35 million BoP, current US$ | +12.7% |
| 1979 | 142.54 million BoP, current US$ | -7.0% |
| 1980 | 164.50 million BoP, current US$ | +15.4% |
| 1981 | 163.15 million BoP, current US$ | -0.8% |
| 1982 | 163.48 million BoP, current US$ | +0.2% |
| 1983 | 161.12 million BoP, current US$ | -1.4% |
| 1984 | 170.24 million BoP, current US$ | +5.7% |
| 1985 | 62.83 million BoP, current US$ | -63.1% |
| 1986 | 82.12 million BoP, current US$ | +30.7% |
| 1987 | 112.78 million BoP, current US$ | +37.3% |
| 1988 | 128.43 million BoP, current US$ | +13.9% |
| 1989 | 117.49 million BoP, current US$ | -8.5% |
| 1990 | 116.89 million BoP, current US$ | -0.5% |
| 1991 | 98.67 million BoP, current US$ | -15.6% |
| 1992 | 100.16 million BoP, current US$ | +1.5% |
| 1993 | 54.87 million BoP, current US$ | -45.2% |
| 1994 | 36.74 million BoP, current US$ | -33.0% |
| 1995 | 30.61 million BoP, current US$ | -16.7% |
| 1996 | 25.64 million BoP, current US$ | -16.2% |
| 1997 | 27.56 million BoP, current US$ | +7.5% |
| 1998 | 39.57 million BoP, current US$ | +43.6% |
| 1999 | 59.08 million BoP, current US$ | +49.3% |
| 2000 | 172.00 million BoP, current US$ | +191.2% |
| 2001 | 184.00 million BoP, current US$ | +7.0% |
| 2002 | 401.00 million BoP, current US$ | +117.9% |
| 2003 | 442.00 million BoP, current US$ | +10.2% |
| 2004 | 437.00 million BoP, current US$ | -1.1% |
| 2005 | 534.00 million BoP, current US$ | +22.2% |
| 2006 | 489.00 million BoP, current US$ | -8.4% |
| 2007 | 108.50 million BoP, current US$ | -77.8% |
| 2008 | 207.70 million BoP, current US$ | +91.4% |
| 2009 | 385.00 million BoP, current US$ | +85.4% |
| 2010 | 410.10 million BoP, current US$ | +6.5% |
| 2011 | 40.20 million BoP, current US$ | -90.2% |
| 2012 | 152.20 million BoP, current US$ | +278.6% |
| 2013 | 179.90 million BoP, current US$ | +18.2% |
| 2014 | 79.20 million BoP, current US$ | -56.0% |
| 2015 | 483.00 million BoP, current US$ | +509.8% |
| 2016 | 85.50 million BoP, current US$ | -82.3% |
| 2017 | 107.00 million BoP, current US$ | +25.1% |
| 2018 | 133.70 million BoP, current US$ | +25.0% |
| 2019 | 268.10 million BoP, current US$ | +100.5% |
| 2020 | 225.60 million BoP, current US$ | -15.9% |
| 2021 | 82.80 million BoP, current US$ | -63.3% |
| 2022 | 84.20 million BoP, current US$ | +1.7% |
| 2023 | 642.20 million BoP, current US$ | +662.7% |
Libya compared with similar countries
- Libya's 642.20 million BoP, current US$ is below the median for upper middle income countries, which is 4.91 billion BoP, current US$, 13% of the median. (57 countries reporting)
- Libya's 642.20 million BoP, current US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 9.27 billion BoP, current US$, 7% of the median. (22 countries reporting)
Biggest year-on-year movements
Years where Service exports in Libya changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2023 | +662.7% | 84.20 million BoP, current US$ | 642.20 million BoP, current US$ |
| 2015 | +509.8% | 79.20 million BoP, current US$ | 483.00 million BoP, current US$ |
| 2012 | +278.6% | 40.20 million BoP, current US$ | 152.20 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 144.01 million BoP, current US$ | 136.12 million BoP, current US$ | 153.35 million BoP, current US$ | 3 |
| 1980s | 132.61 million BoP, current US$ | 62.83 million BoP, current US$ | 170.24 million BoP, current US$ | 10 |
| 1990s | 58.98 million BoP, current US$ | 25.64 million BoP, current US$ | 116.89 million BoP, current US$ | 10 |
| 2000s | 336.02 million BoP, current US$ | 108.50 million BoP, current US$ | 534.00 million BoP, current US$ | 10 |
| 2010s | 193.89 million BoP, current US$ | 40.20 million BoP, current US$ | 483.00 million BoP, current US$ | 10 |
| 2020s | 258.70 million BoP, current US$ | 82.80 million BoP, current US$ | 642.20 million BoP, current US$ | 4 |
Countries ranked near Libya
- 145 Turks and Caicos Islands 821.02 million BoP, current US$ compare
- 146 Grenada 755.75 million BoP, current US$ compare
- 147 Afghanistan 699.57 million BoP, current US$ compare
- 149 Burkina Faso 630.15 million BoP, current US$ compare
- 150 Palestine 606.76 million BoP, current US$ compare
- 151 Democratic Republic of Congo 548.13 million 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$), annual growth rate 12.66 % change on previous year (2025)
Frequently asked questions
- What is service exports in Libya?
- Service exports in Libya was 642.20 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service exports recorded in Libya?
- The highest recorded value was 642.20 million BoP, current US$ in 2023.
- What is the lowest service exports recorded in Libya?
- The lowest recorded value was 25.64 million BoP, current US$ in 1996.
- How does Libya rank for service exports?
- Libya ranks 148th out of 200 countries with data for 2023.
- Is service exports rising or falling in Libya?
- Over the last ten years it is up 257.0%. 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 Service exports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 47 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Exports of services are services provided by residents to non-residents. 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.