Services, value added (current US$) in Libya
Libya: Services, value added (current US$) was 12.94 billion current US$ in 2025. ▼ Falling
Services, value added in Libya, 2006–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2025, services, value added in Libya stood at 12.94 billion current US$.
That represents a change of down 5.8% on the previous year and down 63.3% over ten years.
Over the whole period, services, value added in Libya peaked at 43.03 billion current US$ in 2017 and was at its lowest, 10.56 billion current US$, in 2023.
That places Libya 117th out of 206 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Services, value added (current US$) in Libya, year by year
| Year | current US$ | Change |
|---|---|---|
| 2006 | 12.92 billion current US$ | — |
| 2007 | 16.68 billion current US$ | +29.1% |
| 2008 | 19.63 billion current US$ | +17.7% |
| 2009 | 20.46 billion current US$ | +4.2% |
| 2010 | 24.24 billion current US$ | +18.5% |
| 2011 | 29.11 billion current US$ | +20.1% |
| 2012 | 35.21 billion current US$ | +21.0% |
| 2013 | 37.35 billion current US$ | +6.1% |
| 2014 | 38.92 billion current US$ | +4.2% |
| 2015 | 35.29 billion current US$ | -9.3% |
| 2016 | 38.85 billion current US$ | +10.1% |
| 2017 | 43.03 billion current US$ | +10.7% |
| 2018 | 40.64 billion current US$ | -5.5% |
| 2019 | 38.88 billion current US$ | -4.3% |
| 2020 | 41.39 billion current US$ | +6.5% |
| 2021 | 11.35 billion current US$ | -72.6% |
| 2022 | 11.49 billion current US$ | +1.3% |
| 2023 | 10.56 billion current US$ | -8.1% |
| 2024 | 13.74 billion current US$ | +30.2% |
| 2025 | 12.94 billion current US$ | -5.8% |
Libya compared with similar countries
- Libya's 12.94 billion current US$ is below the median for upper middle income countries, which is 24.02 billion current US$, 54% of the median. (58 countries reporting)
- Libya's 12.94 billion current US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 51.74 billion current US$, 25% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 17.42 billion current US$ | 12.92 billion current US$ | 20.46 billion current US$ | 4 |
| 2010s | 36.15 billion current US$ | 24.24 billion current US$ | 43.03 billion current US$ | 10 |
| 2020s | 16.91 billion current US$ | 10.56 billion current US$ | 41.39 billion current US$ | 6 |
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 services, value added in Libya?
- Services, value added in Libya was 12.94 billion current US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Libya?
- The highest recorded value was 43.03 billion current US$ in 2017.
- What is the lowest services, value added recorded in Libya?
- The lowest recorded value was 10.56 billion current US$ in 2023.
- How does Libya rank for services, value added?
- Libya ranks 117th out of 206 countries with data for 2025.
- Is services, value added rising or falling in Libya?
- Over the last ten years it is down 63.3%. The long-run trend across the full record is falling.
- Where does this Libya data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (current US$). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.