Current Account to GDP in Libya decreased to 9.30 percent in 2019 from 10.80 percent in 2018. source: Central Bank of Lybia

Current Account to GDP in Libya averaged 9.15 percent from 1990 until 2019, reaching an all time high of 55.20 percent in 2006 and a record low of -41.80 percent in 2015. This page provides - Libya Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Libya Current Account to GDP - values, historical data and charts - was last updated on October of 2021.

Current Account to GDP in Libya is expected to reach 3.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Libya Current Account to GDP is projected to trend around 0.20 percent of GDP in 2022 and 3.00 percent of GDP in 2023, according to our econometric models.

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Libya Current Account to GDP


Related Last Previous Unit Reference
Balance of Trade 14753.80 21897.10 LYD Million Dec/19
Current Account to GDP 9.30 10.80 percent of GDP Dec/19
Current Account 5733.10 15389.50 LYD Million Dec/19
Exports 38787.90 40712.50 LYD Million Dec/19
Imports 24034.10 18815.40 LYD Million Dec/19
Foreign Direct Investment -482.50 -376.10 LYD Million Dec/19
Libya Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.