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.

Data unavailable

Top Industries Source: CIA World Factbook

Petroleum; Petrochemicals; Aluminum; Iron and Steel

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $88,866,632,895 (2015)
GDP Growth Rate (annual %) -10.2% (2015)
GDP Per Capita, PPP (current international) $14,154 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 85/195 (2015)

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$) Data unavailable
Total tax rate (% of commercial profits) 32.6% (2017)
Real Interest Rate (5 year average %) 28.191% (2014)
Manufacturing, value added (% of GDP) 4.489% (2008)
Current Account Balance (BoP, current US$) ($4,705,200,000) (2016)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 2,403,355 (2017)
Employment in Agriculture (% of total employment) 12.407% (2017)
Employment in Industry (% of total employment) 26.677% (2017)
Employment in Services (% of total employment) 60.917% (2017)
Unemployment Rate 17.684% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $31,727,246,377 (2015)
Exports of goods and services (current US$) $8,500,942,029 (2015)
Total Merchandise Trade (% of GDP) 97.223% (2014)
FDI, net inflows (BoP, current US$) $492,556,000 (2016)
Commercial Service Exports (current US$) $85,500,000 (2016)
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

Sources

  1. The World Bank