Taxes less subsidies on products (current LCU), annual growth rate in Libya
Libya: Taxes less subsidies on products (current LCU), annual growth rate was 57.21 % change on previous year in 2025. ◆ Volatile
Taxes less subsidies on products (current LCU), annual growth rate in Libya, 2007–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2025, taxes less subsidies on products (current lcu), annual growth rate in Libya stood at 57.21 % change on previous year. That is the highest value across all 19 years on record.
The figure is up 8,792.4% on the previous year and up 34.9% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), annual growth rate in Libya peaked at 57.21 % change on previous year in 2025 and was at its lowest, -157.46 % change on previous year, in 2021.
That places Libya 8th out of 197 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current LCU), annual growth rate in Libya, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | -22.55 % change on previous year | — |
| 2008 | -15.34 % change on previous year | -32.0% |
| 2009 | 33.14 % change on previous year | -316.0% |
| 2010 | -30.48 % change on previous year | -192.0% |
| 2011 | -13.37 % change on previous year | -56.1% |
| 2012 | -56.72 % change on previous year | +324.1% |
| 2013 | -3.51 % change on previous year | -93.8% |
| 2014 | 20.05 % change on previous year | -671.7% |
| 2015 | 42.42 % change on previous year | +111.5% |
| 2016 | 26.88 % change on previous year | -36.6% |
| 2017 | -12.07 % change on previous year | -144.9% |
| 2018 | -12.5 % change on previous year | +3.6% |
| 2019 | -19.2 % change on previous year | +53.6% |
| 2020 | 29.1 % change on previous year | -251.6% |
| 2021 | -157.46 % change on previous year | -641.0% |
| 2022 | 26.37 % change on previous year | -116.7% |
| 2023 | 7.26 % change on previous year | -72.5% |
| 2024 | -0.6582 % change on previous year | -109.1% |
| 2025 | 57.21 % change on previous year | -8792.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.58 % change on previous year | -22.55 % change on previous year | 33.14 % change on previous year | 3 |
| 2010s | -5.85 % change on previous year | -56.72 % change on previous year | 42.42 % change on previous year | 10 |
| 2020s | -6.36 % change on previous year | -157.46 % change on previous year | 57.21 % change on previous year | 6 |
Countries ranked near Libya
- 5 Equatorial Guinea 89.89 % change on previous year compare
- 6 Zimbabwe 83.24 % change on previous year compare
- 7 Angola 63.84 % change on previous year compare
- 9 Iran, Islamic Republic of 56.39 % change on previous year compare
- 10 Micronesia, Federated States of 54.59 % change on previous year compare
- 11 Lebanon 49.78 % change on previous year 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)
- Manufacturing, value added (constant LCU), per capita 396.85 constant LCU per person (2017)
- Industry (including construction), value added (current US$), annual -1.13 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.7325 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 4,724 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 8.54 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 3.89 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 25,060 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 17.43 % change on previous year (2025)
Frequently asked questions
- What is taxes less subsidies on products (current lcu), annual growth rate in Libya?
- Taxes less subsidies on products (current lcu), annual growth rate in Libya was 57.21 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), annual growth rate recorded in Libya?
- The highest recorded value was 57.21 % change on previous year in 2025.
- What is the lowest taxes less subsidies on products (current lcu), annual growth rate recorded in Libya?
- The lowest recorded value was -157.46 % change on previous year in 2021.
- How does Libya rank for taxes less subsidies on products (current lcu), annual growth rate?
- Libya ranks 8th out of 197 countries with data for 2025.
- Is taxes less subsidies on products (current lcu), annual growth rate rising or falling in Libya?
- Over the last ten years it is up 34.9%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products 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
The year-on-year percentage change in Taxes less subsidies on products (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.