Markets Actual Q3 Q4 Q1 Q2 2020
Currency 1.41 1.41 1.41 1.41 1.42 1.43
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 10.90 10.5 10.5 1.5 1.5 1.5
Unemployment Rate (%) 17.70 17 17 16.5 16.5 16.5
Inflation Rate (%) -1.60 6.8 6.2 5.6 5.4 5
Balance of Trade (LYD Million) 22268.30 -4157 -4055 -5220 -5220 -5220
Current Account to GDP (%) 1.50 -0.3 -0.3 -7.5 -7.5 -7.5
Government Debt to GDP (%) 16.50 13 13 11 11 11
Government Budget (% of GDP) 3.90 -43 -43 -43 -43 -43
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 10.90 10.5 10.5 1.5 1.5 1.5
GDP (USD Billion) 48.32 56.3 56.3 59.1 59.1 59.1
GDP Constant Prices (LYD Million) 20388.20 22529 22529 20694 20694 22867
GDP per capita (USD) 7529.00 7100 7100 6800 6800 6800
GDP per capita PPP (USD) 18405.50 19100 19100 19800 19800 19800
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 17.70 17 17 16.5 16.5 16.5
Population (million) 6.37 6.53 6.45 6.53 6.53 6.53
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) -1.60 6.8 6.2 5.6 5.4 5
Food Inflation (%) -3.70 4.5 5 5 5 4.8
Consumer Price Index Cpi (Index Points) 314.00 354 338 332 331 355
Cpi Housing Utilities (Index Points) 173.30 186 185 183 183 194
CPI Transportation (Index Points) 213.80 241 234 226 225 245
Money Actual Q3 Q4 Q1 Q2 2020
Deposit Interest Rate (%) 2.50 2.5 2.5 2.5 2.5 2.5
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (LYD Million) 22268.30 -4157 -4055 -5220 -5220 -5220
Current Account to GDP (%) 1.50 -0.3 -0.3 -7.5 -7.5 -7.5
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 16.50 13 13 11 11 11
Government Budget (% of GDP) 3.90 -43 -43 -43 -43 -43
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
Social Security Rate (%) 15.00 15 15 15 15 15
Social Security Rate For Companies (%) 11.25 11.25 11.25 11.25 11.25 11.25
Social Security Rate For Employees (%) 3.75 3.75 3.75 3.75 3.75 3.75


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.