Taxes less subsidies on products (constant LCU), per unit of GDP in Libya
Libya: Taxes less subsidies on products (constant LCU), per unit of GDP was -0.1241 constant LCU per US$ of GDP in 2025. ▲ Rising
Taxes less subsidies on products (constant LCU), per unit of GDP in Libya, 2006–2025
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
In 2025, taxes less subsidies on products (constant lcu), per unit of gdp in Libya stood at -0.1241 constant LCU per US$ of GDP.
Compared with earlier readings it is down 13.1% on the previous year and up 39.7% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), per unit of gdp in Libya peaked at -0.0838 constant LCU per US$ of GDP in 2020 and was at its lowest, -0.225 constant LCU per US$ of GDP, in 2014.
That places Libya 189th out of 189 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Taxes less subsidies on products (constant LCU), per unit of GDP in Libya, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 2006 | -0.1759 constant LCU per US$ of GDP | — |
| 2007 | -0.1837 constant LCU per US$ of GDP | +4.4% |
| 2008 | -0.1383 constant LCU per US$ of GDP | -24.7% |
| 2009 | -0.1716 constant LCU per US$ of GDP | +24.1% |
| 2010 | -0.1444 constant LCU per US$ of GDP | -15.8% |
| 2011 | -0.2202 constant LCU per US$ of GDP | +52.5% |
| 2012 | -0.1861 constant LCU per US$ of GDP | -15.5% |
| 2013 | -0.2072 constant LCU per US$ of GDP | +11.4% |
| 2014 | -0.225 constant LCU per US$ of GDP | +8.6% |
| 2015 | -0.2058 constant LCU per US$ of GDP | -8.5% |
| 2016 | -0.1775 constant LCU per US$ of GDP | -13.7% |
| 2017 | -0.1266 constant LCU per US$ of GDP | -28.7% |
| 2018 | -0.0857 constant LCU per US$ of GDP | -32.3% |
| 2019 | -0.1287 constant LCU per US$ of GDP | +50.2% |
| 2020 | -0.0838 constant LCU per US$ of GDP | -34.9% |
| 2021 | -0.1634 constant LCU per US$ of GDP | +95.1% |
| 2022 | -0.1109 constant LCU per US$ of GDP | -32.1% |
| 2023 | -0.1286 constant LCU per US$ of GDP | +15.9% |
| 2024 | -0.1097 constant LCU per US$ of GDP | -14.7% |
| 2025 | -0.1241 constant LCU per US$ of GDP | +13.1% |
Libya compared with similar countries
- Libya's -0.1241 constant LCU per US$ of GDP is below the median for upper middle income countries, which is 0.3532 constant LCU per US$ of GDP. (54 countries reporting)
- Libya's -0.1241 constant LCU per US$ of GDP is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 0.2443 constant LCU per US$ of GDP. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.1674 constant LCU per US$ of GDP | -0.1837 constant LCU per US$ of GDP | -0.1383 constant LCU per US$ of GDP | 4 |
| 2010s | -0.1707 constant LCU per US$ of GDP | -0.225 constant LCU per US$ of GDP | -0.0857 constant LCU per US$ of GDP | 10 |
| 2020s | -0.1201 constant LCU per US$ of GDP | -0.1634 constant LCU per US$ of GDP | -0.0838 constant LCU per US$ of GDP | 6 |
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$), annual growth rate 12.66 % change on previous year (2025)
Frequently asked questions
- What is taxes less subsidies on products (constant lcu), per unit of gdp in Libya?
- Taxes less subsidies on products (constant lcu), per unit of gdp in Libya was -0.1241 constant LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Libya?
- The highest recorded value was -0.0838 constant LCU per US$ of GDP in 2020.
- What is the lowest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Libya?
- The lowest recorded value was -0.225 constant LCU per US$ of GDP in 2014.
- How does Libya rank for taxes less subsidies on products (constant lcu), per unit of gdp?
- Libya ranks 189th out of 189 countries with data for 2025.
- Is taxes less subsidies on products (constant lcu), per unit of gdp rising or falling in Libya?
- Over the last ten years it is up 39.7%. The long-run trend across the full record is rising.
- Where does this Libya data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (constant LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.