Libya GDP: Growth: Gross Capital Formation

2011 - 2023 | Yearly | % | World Bank

Libya 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. Libya 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. Libya 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;

View Libya's Libya GDP: Growth: Gross Capital Formation from 2011 to 2023 in the chart:

Libya Libya GDP: Growth: Gross Capital Formation

What was Libya's Libya GDP: Growth: Gross Capital Formation in 2023?

Last Previous Min Max Unit Frequency Range
-19.635 2023 5.503 2022 -69.124 2019 255.162 2021 % yearly 2011 - 2023

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Libya Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 29,874.070 2027 yearly 1980 - 2027
Forecast: Nominal GDP Per Capita (USD) 7,095.950 2027 yearly 1980 - 2027
Forecast: Real GDP Growth (%) 3.588 2027 yearly 1980 - 2027
Government and Public Finance Last Frequency Range
Forecast: Government Expenditure (LYD bn) 128.676 2029 yearly 1990 - 2029
Forecast: Government Net Debt (LYD bn) 140.430 2021 yearly 1990 - 2021
Forecast: Government Revenue (LYD bn) 131.116 2029 yearly 1990 - 2029
Demographic and Labour Market Last Frequency Range
Forecast: Population (Person mn) 7.194 2028 yearly 1980 - 2028
Forecast: Unemployment Rate (%) 0.000 yearly -
Inflation Last Frequency Range
Forecast: Consumer Price Index Growth (%) 2.863 2028 yearly 1980 - 2028
Balance of Payments Last Frequency Range
Forecast: Current Account Balance (USD bn) 5.770 2029 yearly 1980 - 2029

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