Service imports (BoP, current US$) in Libya
Libya: Service imports (BoP, current US$) was 10.05 billion BoP, current US$ in 2023. ◆ Volatile
Latest (2023)
10.05 billion BoP, current US$
Change on year
up 22.5%
World rank
71st
of 200 countries
All-time high
10.05 billion BoP, current US$
in 2023
All-time low
574.68 million BoP, current US$
in 1995
Years of data
47
1977–2023
Service imports in Libya, 1977–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Libya recorded 10.05 billion BoP, current US$ for service imports in 2023. That is the highest value across all 47 years on record.
The figure is up 22.5% on the previous year and up 18.7% over ten years.
Over the whole period, service imports in Libya peaked at 10.05 billion BoP, current US$ in 2023 and was at its lowest, 574.68 million BoP, current US$, in 1995.
Libya ranks 71st of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service imports (BoP, current US$) in Libya, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | 1.30 billion BoP, current US$ | — |
| 1978 | 1.45 billion BoP, current US$ | +11.3% |
| 1979 | 1.95 billion BoP, current US$ | +34.8% |
| 1980 | 2.30 billion BoP, current US$ | +17.9% |
| 1981 | 2.76 billion BoP, current US$ | +19.7% |
| 1982 | 2.27 billion BoP, current US$ | -17.8% |
| 1983 | 2.32 billion BoP, current US$ | +2.2% |
| 1984 | 2.20 billion BoP, current US$ | -4.9% |
| 1985 | 1.77 billion BoP, current US$ | -19.4% |
| 1986 | 1.05 billion BoP, current US$ | -41.1% |
| 1987 | 1.43 billion BoP, current US$ | +36.3% |
| 1988 | 1.64 billion BoP, current US$ | +14.8% |
| 1989 | 1.48 billion BoP, current US$ | -9.5% |
| 1990 | 1.39 billion BoP, current US$ | -6.5% |
| 1991 | 2.70 billion BoP, current US$ | +94.6% |
| 1992 | 1.21 billion BoP, current US$ | -55.3% |
| 1993 | 1.17 billion BoP, current US$ | -2.6% |
| 1994 | 718.49 million BoP, current US$ | -38.8% |
| 1995 | 574.68 million BoP, current US$ | -20.0% |
| 1996 | 772.44 million BoP, current US$ | +34.4% |
| 1997 | 747.72 million BoP, current US$ | -3.2% |
| 1998 | 735.28 million BoP, current US$ | -1.7% |
| 1999 | 988.76 million BoP, current US$ | +34.5% |
| 2000 | 895.00 million BoP, current US$ | -9.5% |
| 2001 | 1.03 billion BoP, current US$ | +15.5% |
| 2002 | 1.54 billion BoP, current US$ | +49.3% |
| 2003 | 1.60 billion BoP, current US$ | +3.4% |
| 2004 | 1.91 billion BoP, current US$ | +19.8% |
| 2005 | 2.35 billion BoP, current US$ | +22.7% |
| 2006 | 2.56 billion BoP, current US$ | +9.2% |
| 2007 | 2.62 billion BoP, current US$ | +2.3% |
| 2008 | 4.34 billion BoP, current US$ | +65.6% |
| 2009 | 5.06 billion BoP, current US$ | +16.5% |
| 2010 | 6.13 billion BoP, current US$ | +21.0% |
| 2011 | 4.39 billion BoP, current US$ | -28.4% |
| 2012 | 7.00 billion BoP, current US$ | +59.5% |
| 2013 | 8.47 billion BoP, current US$ | +21.1% |
| 2014 | 7.46 billion BoP, current US$ | -12.0% |
| 2015 | 4.66 billion BoP, current US$ | -37.5% |
| 2016 | 2.88 billion BoP, current US$ | -38.1% |
| 2017 | 4.56 billion BoP, current US$ | +58.1% |
| 2018 | 5.06 billion BoP, current US$ | +11.1% |
| 2019 | 7.64 billion BoP, current US$ | +50.9% |
| 2020 | 5.19 billion BoP, current US$ | -32.1% |
| 2021 | 8.45 billion BoP, current US$ | +62.9% |
| 2022 | 8.21 billion BoP, current US$ | -2.9% |
| 2023 | 10.05 billion BoP, current US$ | +22.5% |
Libya compared with similar countries
- Libya's 10.05 billion BoP, current US$ is above the median for upper middle income countries, which is 3.94 billion BoP, current US$, 2.6× the median. (57 countries reporting)
- Libya's 10.05 billion BoP, current US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 12.01 billion BoP, current US$, 84% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.57 billion BoP, current US$ | 1.30 billion BoP, current US$ | 1.95 billion BoP, current US$ | 3 |
| 1980s | 1.92 billion BoP, current US$ | 1.05 billion BoP, current US$ | 2.76 billion BoP, current US$ | 10 |
| 1990s | 1.10 billion BoP, current US$ | 574.68 million BoP, current US$ | 2.70 billion BoP, current US$ | 10 |
| 2000s | 2.39 billion BoP, current US$ | 895.00 million BoP, current US$ | 5.06 billion BoP, current US$ | 10 |
| 2010s | 5.82 billion BoP, current US$ | 2.88 billion BoP, current US$ | 8.47 billion BoP, current US$ | 10 |
| 2020s | 7.97 billion BoP, current US$ | 5.19 billion BoP, current US$ | 10.05 billion BoP, current US$ | 4 |
Countries ranked near Libya
- 68 Algeria 11.99 billion BoP, current US$ compare
- 69 Slovenia 10.78 billion BoP, current US$ compare
- 70 Azerbaijan 10.25 billion BoP, current US$ compare
- 72 Croatia 9.63 billion BoP, current US$ compare
- 73 Bulgaria 9.42 billion BoP, current US$ compare
- 74 Costa Rica 8.62 billion BoP, current US$ compare
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 service imports in Libya?
- Service imports in Libya was 10.05 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service imports recorded in Libya?
- The highest recorded value was 10.05 billion BoP, current US$ in 2023.
- What is the lowest service imports recorded in Libya?
- The lowest recorded value was 574.68 million BoP, current US$ in 1995.
- How does Libya rank for service imports?
- Libya ranks 71st out of 200 countries with data for 2023.
- Is service imports rising or falling in Libya?
- Over the last ten years it is up 18.7%. 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 imports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of services are services provided by non-residents to 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.