Value Added (Total): Value Standard Local … 2015 prices Standard in Libya
Libya: Value Added (Total): Value Standard Local … 2015 prices Standard was 1,196 million SLC in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Libya, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Libya stood at 1,196 million SLC.
Compared with earlier readings it is up 9.6% on the previous year and down 54.7% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Libya peaked at 4,598 million SLC in 2009 and was at its lowest, 266.24 million SLC, in 1971.
Libya ranks 179th of 223 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Total): Value Standard Local … 2015 prices Standard in Libya, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 276.78 million SLC | — |
| 1971 | 266.24 million SLC | -3.8% |
| 1972 | 283.52 million SLC | +6.5% |
| 1973 | 289.73 million SLC | +2.2% |
| 1974 | 378.5 million SLC | +30.6% |
| 1975 | 340.11 million SLC | -10.1% |
| 1976 | 455.9 million SLC | +34.0% |
| 1977 | 628.82 million SLC | +37.9% |
| 1978 | 732.15 million SLC | +16.4% |
| 1979 | 706.18 million SLC | -3.5% |
| 1980 | 815.23 million SLC | +15.4% |
| 1981 | 905.57 million SLC | +11.1% |
| 1982 | 997.61 million SLC | +10.2% |
| 1983 | 1,159 million SLC | +16.2% |
| 1984 | 1,253 million SLC | +8.1% |
| 1985 | 1,584 million SLC | +26.4% |
| 1986 | 1,405 million SLC | -11.3% |
| 1987 | 1,200 million SLC | -14.6% |
| 1988 | 1,286 million SLC | +7.2% |
| 1989 | 1,383 million SLC | +7.5% |
| 1990 | 1,441 million SLC | +4.2% |
| 1991 | 1,637 million SLC | +13.6% |
| 1992 | 1,629 million SLC | -0.5% |
| 1993 | 1,579 million SLC | -3.1% |
| 1994 | 1,479 million SLC | -6.4% |
| 1995 | 1,668 million SLC | +12.8% |
| 1996 | 1,642 million SLC | -1.5% |
| 1997 | 1,777 million SLC | +8.2% |
| 1998 | 1,747 million SLC | -1.6% |
| 1999 | 1,811 million SLC | +3.7% |
| 2000 | 1,712 million SLC | -5.5% |
| 2001 | 1,618 million SLC | -5.5% |
| 2002 | 1,692 million SLC | +4.5% |
| 2003 | 1,948 million SLC | +15.2% |
| 2004 | 2,055 million SLC | +5.5% |
| 2005 | 2,179 million SLC | +6.0% |
| 2006 | 4,093 million SLC | +87.9% |
| 2007 | 4,343 million SLC | +6.1% |
| 2008 | 4,472 million SLC | +3.0% |
| 2009 | 4,598 million SLC | +2.8% |
| 2010 | 3,820 million SLC | -16.9% |
| 2011 | 1,803 million SLC | -52.8% |
| 2012 | 2,560 million SLC | +42.0% |
| 2013 | 2,640 million SLC | +3.1% |
| 2014 | 3,072 million SLC | +16.4% |
| 2015 | 2,786 million SLC | -9.3% |
| 2016 | 2,732 million SLC | -2.0% |
| 2017 | 2,485 million SLC | -9.0% |
| 2018 | 2,484 million SLC | -0.1% |
| 2019 | 1,971 million SLC | -20.7% |
| 2020 | 958.39 million SLC | -51.4% |
| 2021 | 1,234 million SLC | +28.8% |
| 2022 | 1,091 million SLC | -11.6% |
| 2023 | 1,196 million SLC | +9.6% |
Libya compared with similar countries
- Libya's 1,196 million SLC is below the median for upper middle income countries, which is 77,843 million SLC, 2% of the median. (54 countries reporting)
- Libya's 1,196 million SLC is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 83,630 million SLC, 1% of the median. (22 countries reporting)
Biggest year-on-year movements
Years where Value Added (Total): Value Standard Local … 2015 prices Standard 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 |
|---|---|---|---|
| 2006 | +87.9% | 2,179 million SLC | 4,093 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 435.79 million SLC | 266.24 million SLC | 732.15 million SLC | 10 |
| 1980s | 1,199 million SLC | 815.23 million SLC | 1,584 million SLC | 10 |
| 1990s | 1,641 million SLC | 1,441 million SLC | 1,811 million SLC | 10 |
| 2000s | 2,871 million SLC | 1,618 million SLC | 4,598 million SLC | 10 |
| 2010s | 2,635 million SLC | 1,803 million SLC | 3,820 million SLC | 10 |
| 2020s | 1,120 million SLC | 958.39 million SLC | 1,234 million SLC | 4 |
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 value added (total manufacturing) — value standard local currency in Libya?
- Value added (total manufacturing) — value standard local currency in Libya was 1,196 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Libya?
- The highest recorded value was 4,598 million SLC in 2009.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Libya?
- The lowest recorded value was 266.24 million SLC in 1971.
- How does Libya rank for value added (total manufacturing) — value standard local currency?
- Libya ranks 179th out of 223 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Libya?
- Over the last ten years it is down 54.7%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).