Taxes less subsidies on products (current US$), per unit of GDP (unit) in Libya
Libya: Taxes less subsidies on products (current US$), per unit of GDP (unit) was -0.0166 current US$ per US$ of GDP in 2025. ▲ Rising
Taxes less subsidies on products (current US$), per unit of GDP in Libya, 2006–2025
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
The most recent figure for taxes less subsidies on products (current us$), per unit of gdp in Libya is -0.0166 current US$ per US$ of GDP, measured in 2025. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 60.7% on the previous year and up 84.4% over ten years.
Over the whole period, taxes less subsidies on products (current us$), per unit of gdp in Libya peaked at -0.0166 current US$ per US$ of GDP in 2025 and was at its lowest, -0.171 current US$ per US$ of GDP, in 2014.
That places Libya 194th out of 197 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 US$), per unit of GDP (unit) in Libya, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 2006 | -0.0872 current US$ per US$ of GDP | — |
| 2007 | -0.0982 current US$ per US$ of GDP | +12.6% |
| 2008 | -0.0917 current US$ per US$ of GDP | -6.6% |
| 2009 | -0.0854 current US$ per US$ of GDP | -6.9% |
| 2010 | -0.0889 current US$ per US$ of GDP | +4.2% |
| 2011 | -0.1632 current US$ per US$ of GDP | +83.6% |
| 2012 | -0.1292 current US$ per US$ of GDP | -20.8% |
| 2013 | -0.163 current US$ per US$ of GDP | +26.1% |
| 2014 | -0.171 current US$ per US$ of GDP | +4.9% |
| 2015 | -0.1068 current US$ per US$ of GDP | -37.5% |
| 2016 | -0.0757 current US$ per US$ of GDP | -29.1% |
| 2017 | -0.0629 current US$ per US$ of GDP | -16.9% |
| 2018 | -0.0633 current US$ per US$ of GDP | +0.6% |
| 2019 | -0.0816 current US$ per US$ of GDP | +28.8% |
| 2020 | -0.0861 current US$ per US$ of GDP | +5.5% |
| 2021 | -0.0907 current US$ per US$ of GDP | +5.4% |
| 2022 | -0.051 current US$ per US$ of GDP | -43.8% |
| 2023 | -0.0465 current US$ per US$ of GDP | -8.9% |
| 2024 | -0.0423 current US$ per US$ of GDP | -9.0% |
| 2025 | -0.0166 current US$ per US$ of GDP | -60.7% |
Libya compared with similar countries
- Libya's -0.0166 current US$ per US$ of GDP is below the median for upper middle income countries, which is 0.1134 current US$ per US$ of GDP. (55 countries reporting)
- Libya's -0.0166 current US$ per US$ of GDP is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 0.0527 current US$ per US$ of GDP. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.0906 current US$ per US$ of GDP | -0.0982 current US$ per US$ of GDP | -0.0854 current US$ per US$ of GDP | 4 |
| 2010s | -0.1106 current US$ per US$ of GDP | -0.171 current US$ per US$ of GDP | -0.0629 current US$ per US$ of GDP | 10 |
| 2020s | -0.0555 current US$ per US$ of GDP | -0.0907 current US$ per US$ of GDP | -0.0166 current US$ per US$ of GDP | 6 |
Countries ranked near Libya
- 191 Venezuela 0 current US$ per US$ of GDP compare
- 192 Oman -0.0054 current US$ per US$ of GDP compare
- 193 Brunei -0.0142 current US$ per US$ of GDP compare
- 195 East Timor -0.0186 current US$ per US$ of GDP compare
- 196 Kiribati -0.0201 current US$ per US$ of GDP compare
- 197 Kuwait -0.075 current US$ per US$ of GDP compare
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 us$), per unit of gdp in Libya?
- Taxes less subsidies on products (current us$), per unit of gdp in Libya was -0.0166 current US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), per unit of gdp recorded in Libya?
- The highest recorded value was -0.0166 current US$ per US$ of GDP in 2025.
- What is the lowest taxes less subsidies on products (current us$), per unit of gdp recorded in Libya?
- The lowest recorded value was -0.171 current US$ per US$ of GDP in 2014.
- How does Libya rank for taxes less subsidies on products (current us$), per unit of gdp?
- Libya ranks 194th out of 197 countries with data for 2025.
- Is taxes less subsidies on products (current us$), per unit of gdp rising or falling in Libya?
- Over the last ten years it is up 84.4%. 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 (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current US$) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.