This page has economic forecasts for Libya including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Libya economy.


MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 1.40
 1.39 1.39 1.39 1.4 1.42
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 55.00
percent		 20 15 15 15 10
GDP 50.98
USD Billion		 55.8 56.3 56.3 56.3 59.1
GDP Constant Prices 20388.20
LYD Million		 24466 23446 23446 28136 30949
GDP per capita 7314.62
USD		 7982 8182 8182 8182 8254
GDP per capita PPP 17881.50
USD		 15079 21532 21532 15385 15747
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 17.70
percent		 17.5 17 17 17 16.5
Population 6.37
million		 6.45 6.53 6.53 6.53 6.69
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 12.10
percent		 14 13 12 11 11
GDP Deflator 211.10
Index Points		 175 172 168 165 191
Food Inflation 18.30
percent		 15 17 18 15 10
Consumer Price Index Cpi 322.60
Index Points		 380 364 361 383 469
Cpi Housing Utilities 172.80
Index Points		 199 195 194 217 245
CPI Transportation 218.50
Index Points		 254 246 245 272 314
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 3.00
percent		 3 3 3 3 3
Money Supply M0 73718.90
LYD Million		 76662 79397 82093 84760 107550
Deposit Interest Rate 2.50
percent		 2.5 2.5 2.5 2.5 2.5
Money Supply M1 116606.40
LYD Million		 123092 126288 129455 132593 159592
Money Supply M2 119183.60
LYD Million		 125861 129162 132395 135561 161264
Banks Balance Sheet 127103.90
LYD Million		 129467 131323 133178 135034 151732
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade 6712.00
LYD Million		 -4259 -4362 -4259 -4157 -486
Exports 19885.00
LYD Million		 16768 17751 18733 19716 18391
Imports 13173.00
LYD Million		 21232 22112 22993 23873 18877
Current Account 1337.00
LYD Million		 -5425 -6135 -6845 -7556 -6958
Current Account to GDP 2.20
percent		 -25 -19 -19 -19 -16
Capital Flows -530.00
LYD Million		 -5253 -5459 -5665 -5871 -7790
Gold Reserves 116.60
Tonnes		 117 117 117 117 117
Crude Oil Production 926.00
BBL/D/1K		 917 905 909 905 906
Terrorism Index 7.26
 7.26 7.26 7.26 7.26 7.26
Foreign Direct Investment -153.00
LYD Million		 112 -20.21 -152 -285 -272
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 16.50
percent		 15 13 13 13 11
Government Budget -43.00
percent of GDP		 -43 -43 -43 -43 -43
Military Expenditure 4801.30
USD Million		 5038 4968 4899 4830 3110
Government Budget Value -10354.40
LYD Million		 -28416 -31122 -33827 -36533 -39326
Government Revenues 16705.40
LYD Million		 16340 17374 17892 18409 18035
Fiscal Expenditure 16897.00
LYD Million		 32903 29725 28137 26548 24389
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Steel Production 12.83
Thousand Tonnes		 29.06 30.7 30.89 30.91 30.91
Ease Of Doing Business 186.00
 186 186 186 186 186
Competitiveness Index 3.48
Points		 3.98 3.98 3.98 3.98 6.48
Competitiveness Rank 126.00
 126 126 126 126 126
Corruption Index 17.00
Points		 17 17 17 17 17
Corruption Rank 171.00
 171 171 171 171 171
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 20.00
percent		 20 20 20 20 20
Personal Income Tax Rate 10.00
percent		 10 10 10 10 10
Social Security Rate 15.00
percent		 15 15 15 15 15
Social Security Rate For Companies 11.25
percent		 11.25 11.25 11.25 11.25 11.25
Social Security Rate For Employees 3.75
percent		 3.75 3.75 3.75 3.75 3.75
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature 29.87
celsius		 18.47 15.03 24.96 22.28 22.81



Libya - Economic Forecasts - 2018-2020 Outlook