Libya Gross Domestic Product: Annual Growth Rate
GDP: Growth: Final Consumption Expenditure
GDP: Growth: Final Consumption Expenditure data was reported at -6.999 % in 2023. This records a decrease from the previous number of 9.078 % for 2022. GDP: Growth: Final Consumption Expenditure data is updated yearly, averaging -3.902 % from Dec 2011 (Median) to 2023, with 13 observations. The data reached an all-time high of 78.657 % in 2021 and a record low of -30.961 % in 2020. GDP: Growth: Final Consumption Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Average annual growth of final consumption expenditure based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -6.999 2023 | yearly | 2011 - 2023 |
View Libya's GDP: Growth: Final Consumption Expenditure from 2011 to 2023 in the chart:
GDP: Growth: Final Consumption Expenditure: General Government
GDP: Growth: Final Consumption Expenditure: General Government data was reported at -2.207 % in 2023. This records a decrease from the previous number of 23.178 % for 2022. GDP: Growth: Final Consumption Expenditure: General Government data is updated yearly, averaging 0.141 % from Dec 2011 (Median) to 2023, with 13 observations. The data reached an all-time high of 41.619 % in 2021 and a record low of -21.956 % in 2016. GDP: Growth: Final Consumption Expenditure: General Government data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth of general government final consumption expenditure based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. General government final consumption expenditure (general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -2.207 2023 | yearly | 2011 - 2023 |
View Libya's GDP: Growth: Final Consumption Expenditure: General Government from 2011 to 2023 in the chart:
GDP: Growth: Final Consumption Expenditure: Households and NPISHs
GDP: Growth: Final Consumption Expenditure: Households and NPISHs data was reported at -12.780 % in 2023. This records a decrease from the previous number of -4.155 % for 2022. GDP: Growth: Final Consumption Expenditure: Households and NPISHs data is updated yearly, averaging -4.155 % from Dec 2011 (Median) to 2023, with 13 observations. The data reached an all-time high of 136.779 % in 2021 and a record low of -46.364 % in 2020. GDP: Growth: Final Consumption Expenditure: Households and NPISHs data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth of household and NPISHs final consumption expenditure based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Household and NPISHs final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. This indicator includes the expenditures of nonprofit institutions serving households even when reported separately by the country.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -12.780 2023 | yearly | 2011 - 2023 |
View Libya's GDP: Growth: Final Consumption Expenditure: Households and NPISHs from 2011 to 2023 in the chart:
GDP: Growth: Gross Capital Formation
GDP: Growth: Gross Capital Formation data was reported at -19.635 % in 2023. This records a decrease from the previous number of 5.503 % for 2022. GDP: Growth: Gross Capital Formation data is updated yearly, averaging 5.411 % from Dec 2011 (Median) to 2023, with 13 observations. The data reached an all-time high of 255.162 % in 2021 and a record low of -69.124 % in 2019. GDP: Growth: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 2008 SNA, net acquisitions of valuables are also considered capital formation.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -19.635 2023 | yearly | 2011 - 2023 |
View Libya's GDP: Growth: Gross Capital Formation from 2011 to 2023 in the chart:
Growth: per capita: Final Consumption Expenditure: Households and NPISHs
Growth: per capita: Final Consumption Expenditure: Households and NPISHs data was reported at -5.239 % in 2022. This records a decrease from the previous number of 133.919 % for 2021. Growth: per capita: Final Consumption Expenditure: Households and NPISHs data is updated yearly, averaging -5.178 % from Dec 2011 (Median) to 2022, with 12 observations. The data reached an all-time high of 133.919 % in 2021 and a record low of -47.048 % in 2020. Growth: per capita: Final Consumption Expenditure: Households and NPISHs data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth of household final consumption expenditure per capita, which is calculated using household final consumption expenditure in constant 2010 prices and World Bank population estimates. Household final consumption expenditure (private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -5.239 2022 | yearly | 2011 - 2022 |
View Libya's Growth: per capita: Final Consumption Expenditure: Households and NPISHs from 2011 to 2022 in the chart:
Libya LY: GDP: Growth
LY: GDP: Growth data was reported at 26.676 % in 2017. This records an increase from the previous number of -2.795 % for 2016. LY: GDP: Growth data is updated yearly, averaging 3.173 % from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 123.140 % in 2012 and a record low of -62.076 % in 2011. LY: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -62.08 2011 | yearly | 2000 - 2011 |
View Libya's Libya LY: GDP: Growth from 2000 to 2011 in the chart:
Libya LY: GDP: Growth: Exports of Goods and Services
LY: GDP: Growth: Exports of Goods and Services data was reported at -17.372 % in 2015. This records an increase from the previous number of -54.635 % for 2014. LY: GDP: Growth: Exports of Goods and Services data is updated yearly, averaging -7.317 % from Dec 2004 (Median) to 2015, with 12 observations. The data reached an all-time high of 218.095 % in 2012 and a record low of -70.530 % in 2011. LY: GDP: Growth: Exports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of exports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -17.37 2015 | yearly | 2004 - 2015 |
View Libya's Libya LY: GDP: Growth: Exports of Goods and Services from 2004 to 2015 in the chart:
Libya LY: GDP: Growth:(GDP) Gross Domestic Productper Capita
LY: GDP: Growth: GDP per Capita data was reported at 25.059 % in 2017. This records an increase from the previous number of -3.696 % for 2016. LY: GDP: Growth: GDP per Capita data is updated yearly, averaging 1.682 % from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 122.968 % in 2012 and a record low of -62.225 % in 2011. LY: GDP: Growth: GDP per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -62.23 2011 | yearly | 2000 - 2011 |
View Libya's Libya LY: GDP: Growth:(GDP) Gross Domestic Productper Capita from 2000 to 2011 in the chart:
LY: GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing
LY: GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing data was reported at 6.800 % in 2023. This records a decrease from the previous number of 10.000 % for 2022. LY: GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing data is updated yearly, averaging 4.320 % from Dec 2007 (Median) to 2023, with 17 observations. The data reached an all-time high of 37.395 % in 2012 and a record low of -24.164 % in 2016. LY: GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for agricultural, forestry, and fishing value added based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Agriculture corresponds to ISIC divisions 01-03 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 6.800 2023 | yearly | 2007 - 2023 |
View Libya's LY: GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing from 2007 to 2023 in the chart:
LY: GDP: Growth: Gross Value Added: Industry
LY: GDP: Growth: Gross Value Added: Industry data was reported at 12.543 % in 2023. This records an increase from the previous number of -12.052 % for 2022. LY: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging -0.868 % from Dec 2007 (Median) to 2023, with 17 observations. The data reached an all-time high of 223.030 % in 2021 and a record low of -65.341 % in 2011. LY: GDP: Growth: Gross Value Added: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for industrial (including construction) value added based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Industry corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| 12.543 2023 | yearly | 2007 - 2023 |
View Libya's LY: GDP: Growth: Gross Value Added: Industry from 2007 to 2023 in the chart:
LY: GDP: Growth: Gross Value Added: Industry: Manufacturing
LY: GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at -0.052 % in 2018. This records an increase from the previous number of -9.022 % for 2017. LY: GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 1.387 % from Dec 2007 (Median) to 2018, with 12 observations. The data reached an all-time high of 41.974 % in 2012 and a record low of -52.803 % in 2011. LY: GDP: Growth: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 10-33. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| -0.052 2018 | yearly | 2007 - 2018 |
View Libya's LY: GDP: Growth: Gross Value Added: Industry: Manufacturing from 2007 to 2018 in the chart:
Libya LY: GDP: Growth: Imports of Goods and Services
LY: GDP: Growth: Imports of Goods and Services data was reported at -15.707 % in 2015. This records a decrease from the previous number of 0.511 % for 2014. LY: GDP: Growth: Imports of Goods and Services data is updated yearly, averaging 6.008 % from Dec 2004 (Median) to 2015, with 12 observations. The data reached an all-time high of 123.273 % in 2012 and a record low of -57.461 % in 2011. LY: GDP: Growth: Imports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of imports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -15.71 2015 | yearly | 2004 - 2015 |