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Libya GDP

Libya's GDP rose to $46.64 billion in 2024, up from $45.1 billion in 2023, according to World Bank. This represents an increase of 3.4% ($1.54 billion) from the previous year and accounts for 0.04% of the world's total GDP. Libya has GDP higher than the global median ($46.64 billion vs median $35.85 billion). Compared with the median in Africa, Libya is higher ($46.64 billion vs regional median $20.75 billion) and ranks 17th out of 52 countries in Africa.

Libya's GDP per capita fell to $7,509.74 in 2024, down from $7,633.45 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 46.64
2023 45.1
2022 43.25
2021 35.22
2020 46.85
2019 69.25
2018 76.69
2017 67.16
2016 49.91
2015 48.72
2014 57.37
2013 75.35
2012 92.54
2011 48.17
2010 75.38
2009 60.81
2008 86.71
2007 68.03
2006 60.09
2005 47.33
2004 33.12
2003 26.27
2002 20.48
2001 34.11
2000 38.27
1999 35.98
1998 27.25
1997 30.7
1996 27.88
1995 25.54
1994 28.61
1993 30.66
1992 33.89
1991 31.99
1990 28.9
1989 25.16
1988 24.31
1987 26.7
1986 24.18
1985 31.53
1984 29.48
1983 33.2
1982 33.76
1981 36.37
1980 40.95
1979 30.54
1978 22.14
1977 22.43
1976 19.1
1975 14.71
1974 15.11
1973 8.63
1972 6.3
1971 5.26
1970 4.6
1969 4.38
1968 3.85
1967 2.73
1966 2.31
1965 1.8
1964 1.34
1963 0.89
1962 0.62
1961 0.44
1960 0.4
Libya GDP : Definition
GDP measures the total value of all goods and services produced in Libya, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate -0.61% 10.16% 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