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Libya GDP Annual Growth Rate

Libya's GDP annual growth rate fell to -0.61% in 2024, down from 10.16% in 2023, according to World Bank. This represents a decrease of 10.77% from the previous year. Libya has the 18th lowest GDP annual growth rate. Within Africa, it ranks 50th out of 52 countries.

Libya's real GDP fell to $55.43 billion in 2024, down from $55.77 billion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 -0.61%
2023 10.16%
2022 -8.25%
2021 28.33%
2020 -29.46%
2019 -11.2%
2018 7.94%
2017 32.49%
2016 -1.49%
2015 -0.84%
2014 -23.04%
2013 -18%
2012 86.83%
2011 -50.34%
2010 5.03%
2009 -4.4%
2008 -0.16%
2007 6.23%
2006 6.5%
2005 11.87%
2004 4.46%
2003 13.02%
2002 -0.96%
2001 -1.76%
2000 3.68%
1999 0.75%
1998 -3.55%
1997 5.21%
1996 2.13%
1995 -2.22%
1994 1.93%
1993 -3.76%
1992 -2.71%
1991 15.66%
1990 3.72%
1989 7.2%
1988 7.58%
1987 -14.7%
1986 -11.35%
1985 8.33%
1984 -5.04%
1983 -2.47%
1982 2.81%
1981 -19.19%
1980 0.69%
1979 8.96%
1978 3.3%
1977 8.85%
1976 22.88%
1975 4.03%
1974 22.19%
1973 1.94%
1972 9.13%
1971 -5.28%
1970 4.95%
1969 13.09%
1968 33.86%
1967 11.11%
1966 18.59%
1965 28.15%
1964 45.07%
1963 35.02%
1962 32.52%
1961 9.9%
Libya GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Libya's total economic output.
Indicator Last Value Prior Value Period
GDP $46.64B $45.1B 2024
GDP per Capita $7,509.74 $7,633.45 2024
GDP per Capita PPP $12,275.91 $12,478.14 2024
Real GDP $55.43B $55.77B 2024