Taxes less subsidies on products in Libya
Libya: Taxes less subsidies on products was -5.97 billion constant LCU in 2025. ▲ Rising
Taxes less subsidies on products in Libya, 2006–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for taxes less subsidies on products in Libya is -5.97 billion constant LCU, measured in 2025.
The figure is down 12.2% on the previous year and up 40.5% over ten years.
Over the whole period, taxes less subsidies on products in Libya peaked at -3.92 billion constant LCU in 2020 and was at its lowest, -17.22 billion constant LCU, in 2012.
That places Libya 187th out of 187 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 in Libya, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2006 | -10.57 billion constant LCU | — |
| 2007 | -12.50 billion constant LCU | +18.2% |
| 2008 | -11.99 billion constant LCU | -4.1% |
| 2009 | -10.43 billion constant LCU | -13.0% |
| 2010 | -10.89 billion constant LCU | +4.3% |
| 2011 | -10.61 billion constant LCU | -2.6% |
| 2012 | -17.22 billion constant LCU | +62.3% |
| 2013 | -15.62 billion constant LCU | -9.3% |
| 2014 | -12.91 billion constant LCU | -17.3% |
| 2015 | -10.03 billion constant LCU | -22.3% |
| 2016 | -8.86 billion constant LCU | -11.6% |
| 2017 | -8.50 billion constant LCU | -4.1% |
| 2018 | -6.57 billion constant LCU | -22.7% |
| 2019 | -8.91 billion constant LCU | +35.6% |
| 2020 | -3.92 billion constant LCU | -56.0% |
| 2021 | -5.75 billion constant LCU | +46.6% |
| 2022 | -4.80 billion constant LCU | -16.6% |
| 2023 | -5.66 billion constant LCU | +18.0% |
| 2024 | -5.32 billion constant LCU | -6.0% |
| 2025 | -5.97 billion constant LCU | +12.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -11.37 billion constant LCU | -12.50 billion constant LCU | -10.43 billion constant LCU | 4 |
| 2010s | -11.01 billion constant LCU | -17.22 billion constant LCU | -6.57 billion constant LCU | 10 |
| 2020s | -5.24 billion constant LCU | -5.97 billion constant LCU | -3.92 billion constant LCU | 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)
- GNI (current LCU), annual growth rate 6.53 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 5.51 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 35,504 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual -38.5 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual -32.48 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 61.03 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP -0.0166 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita -107.16 current US$ per person (2025)
Frequently asked questions
- What is taxes less subsidies on products in Libya?
- Taxes less subsidies on products in Libya was -5.97 billion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Libya?
- The highest recorded value was -3.92 billion constant LCU in 2020.
- What is the lowest taxes less subsidies on products recorded in Libya?
- The lowest recorded value was -17.22 billion constant LCU in 2012.
- How does Libya rank for taxes less subsidies on products?
- Libya ranks 187th out of 187 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in Libya?
- Over the last ten years it is up 40.5%. The long-run trend across the full record is rising.
- Where does this Libya data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.