Taxes less subsidies on products (current US$) in Libya
Libya: Taxes less subsidies on products (current US$) was -799.24 million current US$ in 2025. ◆ Volatile
Taxes less subsidies on products in Libya, 2006–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2025, taxes less subsidies on products in Libya stood at -799.24 million current US$. That is the highest value across all 20 years on record.
That represents a change of up 61.0% on the previous year and up 84.6% over ten years.
Over the whole period, taxes less subsidies on products in Libya peaked at -799.24 million current US$ in 2025 and was at its lowest, -12.28 billion current US$, in 2013.
Libya ranks 198th of 199 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$) in Libya, year by year
| Year | current US$ | Change |
|---|---|---|
| 2006 | -5.24 billion current US$ | — |
| 2007 | -6.68 billion current US$ | +27.5% |
| 2008 | -7.95 billion current US$ | +19.0% |
| 2009 | -5.19 billion current US$ | -34.7% |
| 2010 | -6.70 billion current US$ | +29.1% |
| 2011 | -7.86 billion current US$ | +17.3% |
| 2012 | -11.96 billion current US$ | +52.1% |
| 2013 | -12.28 billion current US$ | +2.7% |
| 2014 | -9.81 billion current US$ | -20.1% |
| 2015 | -5.20 billion current US$ | -47.0% |
| 2016 | -3.78 billion current US$ | -27.4% |
| 2017 | -4.23 billion current US$ | +11.8% |
| 2018 | -4.85 billion current US$ | +14.9% |
| 2019 | -5.65 billion current US$ | +16.4% |
| 2020 | -4.03 billion current US$ | -28.6% |
| 2021 | -3.19 billion current US$ | -20.8% |
| 2022 | -2.21 billion current US$ | -30.9% |
| 2023 | -2.05 billion current US$ | -7.3% |
| 2024 | -2.05 billion current US$ | +0.3% |
| 2025 | -799.24 million current US$ | -61.0% |
Libya compared with similar countries
- Libya's -799.24 million current US$ is below the median for upper middle income countries, which is 3.44 billion current US$. (55 countries reporting)
- Libya's -799.24 million current US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.90 billion current US$. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -6.27 billion current US$ | -7.95 billion current US$ | -5.19 billion current US$ | 4 |
| 2010s | -7.23 billion current US$ | -12.28 billion current US$ | -3.78 billion current US$ | 10 |
| 2020s | -2.39 billion current US$ | -4.03 billion current US$ | -799.24 million current US$ | 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 -799.24 million current US$ 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 -799.24 million current US$ in 2025.
- What is the lowest taxes less subsidies on products recorded in Libya?
- The lowest recorded value was -12.28 billion current US$ in 2013.
- How does Libya rank for taxes less subsidies on products?
- Libya ranks 198th 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 84.6%. The long-run trend across the full record is volatile.
- 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 US$). 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 indicator is expressed in United States dollars.