Libya LY: GDP: Real: Gross Value Added at Factor Cost: Services

2006 - 2023 | Yearly | LYD mn | World Bank

Libya LY: GDP: Real: Gross Value Added at Factor Cost: Services data was reported at 55,540.320 LYD mn in 2023. This records an increase from the previous number of 51,543.698 LYD mn for 2022. Libya LY: GDP: Real: Gross Value Added at Factor Cost: Services data is updated yearly, averaging 41,950.759 LYD mn from Dec 2006 (Median) to 2023, with 18 observations. The data reached an all-time high of 55,540.320 LYD mn in 2023 and a record low of 26,235.300 LYD mn in 2006. Libya LY: GDP: Real: Gross Value Added at Factor Cost: 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: Real. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges and import duties. 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 industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;;Note: Data for OECD countries are based on ISIC, revision 4.

View Libya's Libya LY: GDP: Real: Gross Value Added at Factor Cost: Services from 2006 to 2023 in the chart:

Get this data
Libya Libya LY: GDP: Real: Gross Value Added at Factor Cost: Services
Get this data
Libya Libya LY: GDP: Real: Gross Value Added at Factor Cost: Services

What was Libya's Libya LY: GDP: Real: Gross Value Added at Factor Cost: Services in 2023?

Last Previous Min Max Unit Frequency Range
55,540.320 2023 51,543.698 2022 26,235.300 2006 55,540.320 2023 LYD mn yearly 2006 - 2023

Related Indicators for Libya LY: GDP: Real: Gross Value Added at Factor Cost: Services

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

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

More Indicators for Libya

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.

Try Now

Explore our Data

Unlimited access tailored to your data needs
Request a Demo
Flexible monthly access to CEIC data
Try Now