GDP (current LCU), annual growth rate in Libya
Libya: GDP (current LCU), annual growth rate was 3.83 % change on previous year in 2024. ◆ Volatile
GDP (current LCU), annual growth rate in Libya, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp (current lcu), annual growth rate in Libya stood at 3.83 % change on previous year.
That represents a change of down 10.4% on the previous year and up 116.1% over ten years.
Over the whole period, gdp (current lcu), annual growth rate in Libya peaked at 144.35 % change on previous year in 2021 and was at its lowest, -38.25 % change on previous year, in 2011.
That places Libya 172nd out of 211 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU), annual growth rate in Libya, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 14.05 % change on previous year | — |
| 1972 | 10.55 % change on previous year | -24.9% |
| 1973 | 24.89 % change on previous year | +135.8% |
| 1974 | 72.88 % change on previous year | +192.8% |
| 1975 | -2.66 % change on previous year | -103.6% |
| 1976 | 29.81 % change on previous year | -1221.9% |
| 1977 | 17.44 % change on previous year | -41.5% |
| 1978 | -1.3 % change on previous year | -107.5% |
| 1979 | 37.95 % change on previous year | -3015.9% |
| 1980 | 34.12 % change on previous year | -10.1% |
| 1981 | -11.18 % change on previous year | -132.8% |
| 1982 | -7.19 % change on previous year | -35.7% |
| 1983 | -1.66 % change on previous year | -76.9% |
| 1984 | -11.22 % change on previous year | +576.7% |
| 1985 | 6.97 % change on previous year | -162.1% |
| 1986 | -18.3 % change on previous year | -362.6% |
| 1987 | 3.13 % change on previous year | -117.1% |
| 1988 | -11.54 % change on previous year | -468.8% |
| 1989 | 8.33 % change on previous year | -172.2% |
| 1990 | 8.6 % change on previous year | +3.2% |
| 1991 | 9.73 % change on previous year | +13.1% |
| 1992 | 6.24 % change on previous year | -35.9% |
| 1993 | -2.19 % change on previous year | -135.1% |
| 1994 | 6.8 % change on previous year | -410.6% |
| 1995 | 7.15 % change on previous year | +5.1% |
| 1996 | 14.04 % change on previous year | +96.3% |
| 1997 | 16.17 % change on previous year | +15.1% |
| 1998 | -9.94 % change on previous year | -161.5% |
| 1999 | 30.95 % change on previous year | -411.3% |
| 2000 | 17.48 % change on previous year | -43.5% |
| 2001 | 5.3 % change on previous year | -69.7% |
| 2002 | 26.03 % change on previous year | +391.5% |
| 2003 | 29.25 % change on previous year | +12.4% |
| 2004 | 28.08 % change on previous year | -4.0% |
| 2005 | 43.83 % change on previous year | +56.1% |
| 2006 | 27.46 % change on previous year | -37.4% |
| 2007 | 8.82 % change on previous year | -67.9% |
| 2008 | 23.51 % change on previous year | +166.5% |
| 2009 | -28.15 % change on previous year | -219.8% |
| 2010 | 25.27 % change on previous year | -189.8% |
| 2011 | -38.25 % change on previous year | -251.3% |
| 2012 | 98 % change on previous year | -356.2% |
| 2013 | -17.93 % change on previous year | -118.3% |
| 2014 | -23.82 % change on previous year | +32.9% |
| 2015 | -7.82 % change on previous year | -67.2% |
| 2016 | 3.13 % change on previous year | -140.0% |
| 2017 | 34.89 % change on previous year | +1014.1% |
| 2018 | 11.82 % change on previous year | -66.1% |
| 2019 | -7.49 % change on previous year | -163.3% |
| 2020 | -32.81 % change on previous year | +338.2% |
| 2021 | 144.35 % change on previous year | -540.0% |
| 2022 | 30.92 % change on previous year | -78.6% |
| 2023 | 4.27 % change on previous year | -86.2% |
| 2024 | 3.83 % change on previous year | -10.4% |
Libya compared with similar countries
- Libya's 3.83 % change on previous year is below the median for upper middle income countries, which is 7.03 % change on previous year, 54% of the median. (58 countries reporting)
- Libya's 3.83 % change on previous year is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 4.92 % change on previous year, 78% of the median. (23 countries reporting)
Biggest year-on-year movements
Years where GDP (current LCU), annual growth rate in Libya changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1979 | +3015.9% | -1.3 % change on previous year | 37.95 % change on previous year |
| 1976 | +1221.9% | -2.66 % change on previous year | 29.81 % change on previous year |
| 2017 | +1014.1% | 3.13 % change on previous year | 34.89 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.62 % change on previous year | -2.66 % change on previous year | 72.88 % change on previous year | 9 |
| 1980s | -0.8539 % change on previous year | -18.3 % change on previous year | 34.12 % change on previous year | 10 |
| 1990s | 8.75 % change on previous year | -9.94 % change on previous year | 30.95 % change on previous year | 10 |
| 2000s | 18.16 % change on previous year | -28.15 % change on previous year | 43.83 % change on previous year | 10 |
| 2010s | 7.78 % change on previous year | -38.25 % change on previous year | 98 % change on previous year | 10 |
| 2020s | 30.11 % change on previous year | -32.81 % change on previous year | 144.35 % change on previous year | 5 |
Countries ranked near Libya
- 169 Cameroon 4.12 % change on previous year compare
- 170 Australia 4.1 % change on previous year compare
- 171 Gabon 4.01 % change on previous year compare
- 173 Sweden 3.79 % change on previous year compare
- 174 Bahamas 3.68 % change on previous year compare
- 175 Trinidad and Tobago 3.67 % change on previous year compare
More population data for Libya
- Population regions with projections, annual growth rate -0.1882 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -3.49 % change on previous year (2050)
- Population long run with projections, annual growth rate -0.1882 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.3412 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 8,540 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 0.9554 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.2302 % change on previous year (2100)
- World population growth -0.2% (2100)
- Population density 5.56 people per km² (2100)
- Number of children under 5, by world region 455,012 people (2100)
Frequently asked questions
- What is gdp (current lcu), annual growth rate in Libya?
- Gdp (current lcu), annual growth rate in Libya was 3.83 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (current lcu), annual growth rate recorded in Libya?
- The highest recorded value was 144.35 % change on previous year in 2021.
- What is the lowest gdp (current lcu), annual growth rate recorded in Libya?
- The lowest recorded value was -38.25 % change on previous year in 2011.
- How does Libya rank for gdp (current lcu), annual growth rate?
- Libya ranks 172nd out of 211 countries with data for 2024.
- Is gdp (current lcu), annual growth rate rising or falling in Libya?
- Over the last ten years it is up 116.1%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from Statizoid (derived), published as part of GDP (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.