Taxes less subsidies on products (current LCU) in Libya
Libya: Taxes less subsidies on products (current LCU) was -4.24 billion current 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 current LCU.
Analysis
The most recent figure for taxes less subsidies on products in Libya is -4.24 billion current LCU, measured in 2025. That is the highest value across all 20 years on record.
The figure is up 57.2% on the previous year and up 41.0% over ten years.
Over the whole period, taxes less subsidies on products in Libya peaked at -4.24 billion current LCU in 2025 and was at its lowest, -15.62 billion current LCU, in 2013.
That places Libya 199th out of 199 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 (current LCU) in Libya, year by year
| Year | current LCU | Change |
|---|---|---|
| 2006 | -6.89 billion current LCU | — |
| 2007 | -8.44 billion current LCU | +22.6% |
| 2008 | -9.73 billion current LCU | +15.3% |
| 2009 | -6.51 billion current LCU | -33.1% |
| 2010 | -8.49 billion current LCU | +30.5% |
| 2011 | -9.63 billion current LCU | +13.4% |
| 2012 | -15.09 billion current LCU | +56.7% |
| 2013 | -15.62 billion current LCU | +3.5% |
| 2014 | -12.48 billion current LCU | -20.1% |
| 2015 | -7.19 billion current LCU | -42.4% |
| 2016 | -5.26 billion current LCU | -26.9% |
| 2017 | -5.89 billion current LCU | +12.1% |
| 2018 | -6.63 billion current LCU | +12.5% |
| 2019 | -7.90 billion current LCU | +19.2% |
| 2020 | -5.60 billion current LCU | -29.1% |
| 2021 | -14.42 billion current LCU | +157.5% |
| 2022 | -10.62 billion current LCU | -26.4% |
| 2023 | -9.85 billion current LCU | -7.3% |
| 2024 | -9.91 billion current LCU | +0.7% |
| 2025 | -4.24 billion current LCU | -57.2% |
Libya compared with similar countries
- Libya's -4.24 billion current LCU is below the median for upper middle income countries, which is 48.82 billion current LCU. (55 countries reporting)
- Libya's -4.24 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 60.57 billion current LCU. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -7.89 billion current LCU | -9.73 billion current LCU | -6.51 billion current LCU | 4 |
| 2010s | -9.42 billion current LCU | -15.62 billion current LCU | -5.26 billion current LCU | 10 |
| 2020s | -9.10 billion current LCU | -14.42 billion current LCU | -4.24 billion current 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0332 units per US$ of GDP (2025)
Frequently asked questions
- What is taxes less subsidies on products in Libya?
- Taxes less subsidies on products in Libya was -4.24 billion current 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 -4.24 billion current LCU in 2025.
- What is the lowest taxes less subsidies on products recorded in Libya?
- The lowest recorded value was -15.62 billion current LCU in 2013.
- How does Libya rank for taxes less subsidies on products?
- Libya ranks 199th out of 199 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in Libya?
- Over the last ten years it is up 41.0%. 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 (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.