Taxes less subsidies on products (current LCU), per unit of GDP (unit) in Libya
Libya: Taxes less subsidies on products (current LCU), per unit of GDP (unit) was -0.0882 current LCU per US$ of GDP in 2025. ▼ Falling
Taxes less subsidies on products (current LCU), per unit of GDP in Libya, 2006–2025
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for taxes less subsidies on products (current lcu), per unit of gdp in Libya is -0.0882 current LCU per US$ of GDP, measured in 2025.
That represents a change of up 56.9% on the previous year and up 40.3% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), per unit of gdp in Libya peaked at -0.0864 current LCU per US$ of GDP in 2018 and was at its lowest, -0.4094 current LCU per US$ of GDP, in 2021.
That places Libya 197th out of 197 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Taxes less subsidies on products (current LCU), per unit of GDP (unit) in Libya, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 2006 | -0.1146 current LCU per US$ of GDP | — |
| 2007 | -0.124 current LCU per US$ of GDP | +8.2% |
| 2008 | -0.1122 current LCU per US$ of GDP | -9.5% |
| 2009 | -0.107 current LCU per US$ of GDP | -4.7% |
| 2010 | -0.1126 current LCU per US$ of GDP | +5.3% |
| 2011 | -0.1998 current LCU per US$ of GDP | +77.4% |
| 2012 | -0.163 current LCU per US$ of GDP | -18.4% |
| 2013 | -0.2072 current LCU per US$ of GDP | +27.1% |
| 2014 | -0.2176 current LCU per US$ of GDP | +5.0% |
| 2015 | -0.1476 current LCU per US$ of GDP | -32.2% |
| 2016 | -0.1053 current LCU per US$ of GDP | -28.6% |
| 2017 | -0.0877 current LCU per US$ of GDP | -16.7% |
| 2018 | -0.0864 current LCU per US$ of GDP | -1.5% |
| 2019 | -0.1141 current LCU per US$ of GDP | +32.0% |
| 2020 | -0.1195 current LCU per US$ of GDP | +4.8% |
| 2021 | -0.4094 current LCU per US$ of GDP | +242.5% |
| 2022 | -0.2455 current LCU per US$ of GDP | -40.0% |
| 2023 | -0.2236 current LCU per US$ of GDP | -8.9% |
| 2024 | -0.2044 current LCU per US$ of GDP | -8.6% |
| 2025 | -0.0882 current LCU per US$ of GDP | -56.9% |
Libya compared with similar countries
- Libya's -0.0882 current LCU per US$ of GDP is below the median for upper middle income countries, which is 0.7836 current LCU per US$ of GDP. (55 countries reporting)
- Libya's -0.0882 current LCU per US$ of GDP is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 0.2632 current LCU per US$ of GDP. (20 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current LCU), per unit of GDP (unit) in Libya changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | -242.5% | -0.1195 current LCU per US$ of GDP | -0.4094 current LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.1145 current LCU per US$ of GDP | -0.124 current LCU per US$ of GDP | -0.107 current LCU per US$ of GDP | 4 |
| 2010s | -0.1441 current LCU per US$ of GDP | -0.2176 current LCU per US$ of GDP | -0.0864 current LCU per US$ of GDP | 10 |
| 2020s | -0.2151 current LCU per US$ of GDP | -0.4094 current LCU per US$ of GDP | -0.0882 current LCU per US$ of GDP | 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 taxes less subsidies on products (current lcu), per unit of gdp in Libya?
- Taxes less subsidies on products (current lcu), per unit of gdp in Libya was -0.0882 current LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), per unit of gdp recorded in Libya?
- The highest recorded value was -0.0864 current LCU per US$ of GDP in 2018.
- What is the lowest taxes less subsidies on products (current lcu), per unit of gdp recorded in Libya?
- The lowest recorded value was -0.4094 current LCU per US$ of GDP in 2021.
- How does Libya rank for taxes less subsidies on products (current lcu), per unit of gdp?
- Libya ranks 197th out of 197 countries with data for 2025.
- Is taxes less subsidies on products (current lcu), per unit of gdp rising or falling in Libya?
- Over the last ten years it is up 40.3%. The long-run trend across the full record is falling.
- Where does this Libya data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Taxes less subsidies on products (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current LCU) ÷ GDP (current US$)
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 (current 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.