Economic Trivia

Energy industry contributes to 80% of Libya's GDP, giving it one of highest per capita GDPs in Africa.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2019): Italy, China, and Spain
Top 3 Exported Goods (2019): Oil & Mineral Fuels, Precious Stones & Metals, and Iron & Steel

Top Industries Source: CIA World Factbook

Petroleum; Petrochemicals; Aluminum; Iron and Steel

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $159,238,395,928 (2022)
GDP Growth Rate (annual %) -1.237% (2022)
GDP Per Capita, PPP (current international) $23,375 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 82/197 (2022)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 2.606% (2013)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 32.6% (2019)
Real Interest Rate (5 year average %) 7.078% (2014)
Manufacturing, value added (% of GDP) 2.913% (2019)
Current Account Balance (BoP, current US$) ($4,780,200,000) (2020)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 2,318,929 (2022)
Employment in Agriculture (% of total employment) 16.295% (2021)
Employment in Industry (% of total employment) 19.269% (2021)
Employment in Services (% of total employment) 64.436% (2021)
Unemployment Rate 20.68% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $16,098,093,935 (2020)
Exports of goods and services (current US$) $7,239,337,730 (2020)
Total Merchandise Trade (% of GDP) 125.207% (2022)
FDI, net inflows (BoP, current US$) $0 (2020)
Commercial Service Exports (current US$) $200,500,000 (2020)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Libya’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment


  1. The World Bank