Libya recorded a trade surplus of 22268.30 LYD Million in 2018. Balance of Trade in Libya averaged 11306.18 LYD Million from 1990 until 2018, reaching an all time high of 51089 LYD Million in 2008 and a record low of -14120.70 LYD Million in 2014. Libya runs trade surpluses as the result of significant exports of oil. Main imports are capital equipment and foodstuffs. Libya’s main trading partner is Italy followed by China and Germany. This page provides - Libya Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Libya recorded a Current Account surplus of 15198.30 LYD Million in 2018. Current Account in Libya averaged 7880.05 LYD Million from 1992 until 2018, reaching an all time high of 45983 LYD Million in 2008 and a record low of -24172.30 LYD Million in 2014. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Libya Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Direct Investment in Libya decreased by 192.20 LYD Million in 2018. Foreign Direct Investment in Libya averaged -287.53 LYD Million from 2004 until 2018, reaching an all time high of 2680 LYD Million in 2009 and a record low of -3358 LYD Million in 2008. This page provides - Libya Foreign Direct Investment- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gold Reserves in Libya remained unchanged at 116.64 Tonnes in the fourth quarter of 2019 from 116.64 Tonnes in the third quarter of 2019. Gold Reserves in Libya averaged 132.61 Tonnes from 2000 until 2019, reaching an all time high of 143.82 Tonnes in the second quarter of 2000 and a record low of 116.60 Tonnes in the first quarter of 2018. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Libya Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Terrorism Index in Libya decreased to 6.77 in 2018 from 6.99 in 2017. Terrorism Index in Libya averaged 2.81 from 2002 until 2018, reaching an all time high of 7.29 in 2014 and a record low of 0 in 2003. The Global Terrorism Index measures the direct and indirect impact of terrorism, including its effects on lives lost, injuries, property damage and the psychological aftereffects. It is a composite score that ranks countries according to the impact of terrorism from 0 (no impact) to 10 (highest impact).

Military Expenditure in Libya decreased to 6320 USD Million in 2014 from 6830 USD Million in 2013. Military Expenditure in Libya averaged 2377.87 USD Million from 1997 until 2014, reaching an all time high of 6830 USD Million in 2013 and a record low of 895 USD Million in 1999.

GDP Constant Prices in Libya decreased to 20388.20 LYD Million in 2014 from 39016.30 LYD Million in 2013. GDP Constant Prices in Libya averaged 51350.20 LYD Million from 2003 until 2014, reaching an all time high of 78165.80 LYD Million in 2007 and a record low of 20388.20 LYD Million in 2014. This page provides - Libya GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Deflator in Libya increased to 211.10 Index Points in 2014 from 204.90 Index Points in 2013. GDP Deflator in Libya averaged 148.53 Index Points from 2003 until 2014, reaching an all time high of 211.10 Index Points in 2014 and a record low of 94.80 Index Points in 2009. This page provides - Libya GDP Deflator - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Libya was last recorded at 7529 US dollars in 2018. The GDP per Capita in Libya is equivalent to 60 percent of the world's average. GDP per capita in Libya averaged 8945.52 USD from 1999 until 2018, reaching an all time high of 12064.80 USD in 2010 and a record low of 4539 USD in 2011. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides the latest reported value for - Libya GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Consumer Price Index in Libya decreased 0.40 percent in September of 2019 over the previous month. Inflation Rate Mom in Libya averaged 0.61 percent from 2004 until 2019, reaching an all time high of 9.70 percent in August of 2011 and a record low of -3.80 percent in October of 2018. In Libya, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. The most important categories in the consumer price index are Food and beverages (38.8 percent of the total weight), Housing, water, electricity and other fuels (22.7 percent), Transport (8.1 percent), Clothing and footwear (6.4 percent), Furniture and household equipment (4.9 percent), Health (4.1 percent), and Education (4.0 percent). Recreation and culture, Communication, Restaurant and hotels, tobacco, and Miscellaneous goods and services account for the remaining 11 percent. This page provides - Libya Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Libya scored 18 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Libya averaged 20.75 Points from 2003 until 2019, reaching an all time high of 27 Points in 2006 and a record low of 14 Points in 2016. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Libya Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Libya is the 168 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Libya averaged 144.94 from 2003 until 2019, reaching an all time high of 172 in 2013 and a record low of 105 in 2006. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Libya Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Corporate Tax Rate in Libya stands at 20 percent. Corporate Tax Rate in Libya averaged 25.71 percent from 2007 until 2020, reaching an all time high of 40 percent in 2008 and a record low of 20 percent in 2011. In Libya, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Libya. This page provides - Libya Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Libya remained unchanged at 17.30 percent in 2019 from 17.30 percent in 2018. Unemployment Rate in Libya averaged 18.67 percent from 1991 until 2019, reaching an all time high of 21.10 percent in 1999 and a record low of 16.10 percent in 2015. In Libya, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Libya Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Libya was worth 56.30 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Libya represents 0.05 percent of the world economy. GDP in Libya averaged 42.28 USD Billion from 1990 until 2019, reaching an all time high of 87.14 USD Billion in 2008 and a record low of 20.48 USD Billion in 2002. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides the latest reported value for - Libya GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The total population in Libya was estimated at 6.8 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Libya had a population of 1.5 million people. The population of Libya represents 0.09 percent of the world´s total population which arguably means that one person in every 1086 people on the planet is a resident of Libya. This page provides the latest reported value for - Libya Population - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Money Supply M1 in Libya decreased to 105376 LYD Million in December from 106216.70 LYD Million in November of 2019. Money Supply M1 in Libya averaged 54228.77 LYD Million from 2004 until 2019, reaching an all time high of 122063.10 LYD Million in September of 2018 and a record low of 8934.20 LYD Million in February of 2004. This page provides - Libya Money Supply M1- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M2 in Libya decreased to 108496.70 LYD Million in December from 109089.60 LYD Million in November of 2019. Money Supply M2 in Libya averaged 57876.14 LYD Million from 2004 until 2019, reaching an all time high of 123912.50 LYD Million in September of 2018 and a record low of 13135.50 LYD Million in December of 2004. This page provides - Libya Money Supply M2- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Libya decreased to 111847.50 LYD Million in December from 115299.70 LYD Million in November of 2019. Banks Balance Sheet in Libya averaged 68781.98 LYD Million from 2004 until 2019, reaching an all time high of 127524.80 LYD Million in September of 2018 and a record low of 13552.50 LYD Million in January of 2004. This page provides - Libya Banks Balance Sheet- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in Libya decreased 8.43 percent in September of 2019 over the same month in the previous year. Food Inflation in Libya averaged 11.35 percent from 2005 until 2019, reaching an all time high of 52.64 percent in December of 2017 and a record low of -12.12 percent in October of 2012. This page provides - Libya Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Libya recorded a Government Budget surplus equal to 3.90 percent of the country's Gross Domestic Product in 2018. Government Budget in Libya averaged -12.01 percent of GDP from 2003 until 2018, reaching an all time high of 38.20 percent of GDP in 2005 and a record low of -131 percent of GDP in 2015. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Libya Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Libya recorded a government debt equivalent to 16.50 percent of the country's Gross Domestic Product in 2016. Government Debt to GDP in Libya averaged 11.89 percent from 2003 until 2016, reaching an all time high of 21.20 percent in 2003 and a record low of 6.30 percent in 2008. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Libya Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The transportation sub-index of the CPI basket in Libya decreased to 179.50 points in December of 2019 from 179.80 points in November of 2019. CPI Transportation in Libya averaged 168.54 points from 2015 until 2019, reaching an all time high of 189.30 points in June of 2018 and a record low of 132.90 points in April of 2015. This page provides - Libya Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Price Index Cpi in Libya decreased to 262.70 points in December from 263.80 points in November of 2019. Consumer Price Index Cpi in Libya averaged 143.12 points from 2004 until 2019, reaching an all time high of 280.30 points in August of 2018 and a record low of 78 points in December of 2004. In Libya, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. The most important categories in the consumer price index are Food and beverages (38.8 percent of the total weight), Housing, water, electricity and other fuels (22.7 percent), Transport (8.1 percent), Clothing and footwear (6.4 percent), Furniture and household equipment (4.9 percent), Health (4.1 percent), and Education (4.0 percent). Recreation and culture, Communication, Restaurant and hotels, tobacco, and Miscellaneous goods and services account for the remaining 11 percent. This page provides - Libya Consumer Price Index Cpi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cpi Housing Utilities in Libya remained unchanged at 173.80 points in December from 173.80 points in November of 2019. Cpi Housing Utilities in Libya averaged 155.45 points from 2015 until 2019, reaching an all time high of 173.80 points in November of 2019 and a record low of 142.80 points in July of 2015. This page provides - Libya Cpi Housing Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Libya expanded 4 percent in 2019 from the previous year. GDP Annual Growth Rate in Libya averaged 5.20 percent from 2000 until 2019, reaching an all time high of 104.37 percent in 2012 and a record low of -62.10 percent in 2011. Libya has one of the highest GDP per capita in Africa. Libya’s territory (90 percent of which is a desert) has the largest oil reserves in Africa and one of the largest in the world. As a result, Libya’s economy is highly dependent on oil production which accounts for 94 percent of government revenues. In 2011, as part of the Arab Spring, Libya went through a civil war that ousted the dictatorial regime. During the conflict oil production was disrupted which resulted in a GDP contraction of over 40 percent. Yet, it is expected that with the recovery of oil industry, the high rates of growth will be back. This page provides - Libya GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Libya decreased to 93 BBL/D/1K in March from 147 BBL/D/1K in February of 2020. Crude Oil Production in Libya averaged 1332.36 BBL/D/1K from 1973 until 2020, reaching an all time high of 2370 BBL/D/1K in October of 1973 and a record low of 7 BBL/D/1K in August of 2011. This page provides the latest reported value for - Libya Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The inflation rate in Libya was recorded at 0.90 percent in December of 2019. Inflation Rate in Libya averaged 8.03 percent from 2004 until 2019, reaching an all time high of 31.60 percent in July of 2016 and a record low of -6.10 percent in August of 2019. In Libya, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. The most important categories in the consumer price index are Food and beverages (38.8 percent of the total weight), Housing, water, electricity and other fuels (22.7 percent), Transport (8.1 percent), Clothing and footwear (6.4 percent), Furniture and household equipment (4.9 percent), Health (4.1 percent), and Education (4.0 percent). Recreation and culture, Communication, Restaurant and hotels, tobacco, and Miscellaneous goods and services account for the remaining 11 percent. This page provides - Libya Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M0 in Libya decreased to 60073.10 LYD Million in December from 60879.60 LYD Million in November of 2019. Money Supply M0 in Libya averaged 31111.85 LYD Million from 2004 until 2019, reaching an all time high of 74028.80 LYD Million in September of 2018 and a record low of 4189 LYD Million in February of 2004. Libya Money Supply M0 is the most liquid measure of the money supply including coins and notes in circulation and other assets that are easily convertible into cash. Money Supply M0 and M1, are also known as narrow money. This page provides - Libya Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Personal Income Tax Rate in Libya stands at 10 percent. Personal Income Tax Rate in Libya averaged 10.42 percent from 2009 until 2020, reaching an all time high of 15 percent in 2009 and a record low of 10 percent in 2010. In Libya, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labor, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Libya. This page provides - Libya Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Rigs in Libya decreased to 9 in April from 10 in March of 2020. Crude Oil Rigs in Libya averaged 8.63 from 2004 until 2020, reaching an all time high of 18 in February of 2010 and a record low of 0 in March of 2011. This page provides - Libya Crude Oil Rigs- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Libya thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Libya as reported by major credit rating agencies.

The Social Security Rate For Companies in Libya stands at 11.25 percent. In Libya, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Libya because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Libya Social Security Rate For Companies- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Libya is ranked 186 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Libya remained unchanged at 186 in 2019 from 186 in 2018. Ease Of Doing Business in Libya averaged 186.83 from 2014 until 2019, reaching an all time high of 188 in 2015 and a record low of 185 in 2017. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page provides - Libya Ease Of Doing Business- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Stock Investments by foreigners in Japan decreased by 393.70 billion yen in the week ending April 25 of 2020. Foreign Stock Investment in Japan averaged 29.83 JPY Billion from 2005 until 2020, reaching an all time high of 1577.40 JPY Billion in October of 2018 and a record low of -2162.40 JPY Billion in March of 2018. Foreign Investments in Japanese Stocks refers to the net difference between inflow and outflow of investments in Japanese stock market by foreigners. This page provides the latest reported value for - Stock Investment by Foreigners - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Deposit Interest Rate in Libya remained unchanged at 2.50 in 2014 from 2.50 in 2013. Deposit Interest Rate in Libya averaged 3.95 from 1980 until 2014, reaching an all time high of 5.50 in 1981 and a record low of 2.08 in 2004. Deposit Interest Rate in Libya is reported by the World Bank. This page includes a chart with historical data for Deposit Interest Rate in Libya.

The Social Security Rate in Libya stands at 15 percent. In Libya, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Libya because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Libya Social Security Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Steel Production in Libya decreased to 23.32 Thousand Tonnes in March from 66.79 Thousand Tonnes in February of 2020. Steel Production in Libya averaged 69.14 Thousand Tonnes from 1991 until 2020, reaching an all time high of 130 Thousand Tonnes in June of 2005 and a record low of 0 Thousand Tonnes in August of 1993. This page has Steel Production values for Libya.

Government Revenues in Libya increased to 57365.20 LYD Million in 2019 from 16705.40 LYD Million in 2018. Government Revenues in Libya averaged 39576.46 LYD Million from 2007 until 2019, reaching an all time high of 72741.20 LYD Million in 2008 and a record low of 8595.20 LYD Million in 2016. This page provides - Libya Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Libya recorded a Current Account deficit of 0.20 percent of the country's Gross Domestic Product in 2019. Current Account to GDP in Libya averaged 8.52 percent from 1990 until 2019, reaching an all time high of 55.20 percent in 2006 and a record low of -41.80 percent in 2015. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Libya Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Fiscal Expenditure in Libya increased to 45813 LYD Million in 2019 from 16897 LYD Million in 2018. Fiscal Expenditure in Libya averaged 39919.20 LYD Million from 2007 until 2019, reaching an all time high of 65283.50 LYD Million in 2013 and a record low of 16897 LYD Million in 2018. This page provides - Libya Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Libya was last recorded at 3 percent. Interest Rate in Libya averaged 3.32 percent from 2005 until 2020, reaching an all time high of 5 percent in January of 2008 and a record low of 3 percent in January of 2009. In Libya, interest rates decisions are taken by the Monetary Policy Committee of the Central Bank of Libya. The official interest rate is the rediscount rate. This page provides - Libya Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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