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Libya Private Credit (% GDP)

Libya's private credit (% GDP) rose to 13.56% in 2024, up from 11.93% in 2023, according to World Bank. This represents an increase of 1.63% from the previous year. Libya has private credit (% GDP) lower than the global median (13.56% vs median 39.47%). Compared with the median in Africa, Libya is lower (13.56% vs regional median 16.64%) and ranks 31st out of 51 countries in Africa.

Yearly Historical Data (1960-2024)

(in %)
Year Private Credit (% GDP)
2024 13.56%
2023 11.93%
2022 10.72%
2021 11.04%
2020 21.83%
2019 14.63%
2018 12.85%
2017 14.79%
2016 18.88%
2015 21.52%
2014 19.32%
2013 13.74%
2012 9.34%
2011 14.18%
2010 9.26%
2009 11.18%
2008 7.3%
2007 6.15%
2006 6.01%
2005 7.38%
2004 10.34%
2003 12.78%
2002 17.21%
2001 19.61%
2000 20.47%
1999 23.95%
1998 24.56%
1997 22.02%
1996 23.68%
1995 32.53%
1994 32.41%
1993 32.23%
1992 28.76%
1991 28.42%
1990 30.43%
1989 31.81%
1988 32.45%
1987 25.76%
1986 24.89%
1985 20.86%
1984 23.58%
1983 21.85%
1982 14%
1981 19.06%
1980 8.99%
1979 11.14%
1978 13.46%
1977 12.08%
1976 12.49%
1975 13.78%
1974 9.22%
1973 8.4%
1972 6.42%
1971 5.14%
1970 5.21%
1969 5.31%
1968 4.57%
1967 4.66%
1966 4.57%
1965 4.19%
1964 4.57%
1963 5.28%
1962 8%
1961 9.65%
1960 10.11%
Libya Private Credit (% GDP) : Definition
Private Credit (% GDP) measures credit extended to the private sector by financial institutions during the period, expressed as a percentage of nominal GDP for Libya.
Indicator Last Value Prior Value Period
Interest Rate 3% 3% Aug'25