Libya | Economic Forecasts | 2017-2020 Outlook

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 Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 1.39 1.43 1.45 1.49 1.48 1.7 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate -6.00 2.1 2.9 3.6 2 3.1 percent [+]
GDP 29.15 40.5 40.54 40.57 40.95 39.86 USD Billion [+]
GDP Constant Prices 20388.20 55754 65842 75931 69864 66167 LYD Million [+]
GDP per capita 5449.03 6728 6875 7023 6660 5878 USD [+]
GDP per capita PPP 13320.83 16448 16808 17168 16282 14370 USD [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 19.50 18.33 17.74 17.16 16.57 20.2 percent [+]
Population 6.28 6.29 6.31 6.32 6.34 6.67 million [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 27.20 29.2 28.4 27 28.36 19 percent [+]
GDP Deflator 211.10 208 209 210 210 211 Index Points [+]
Food Inflation 26.20 24.63 25.14 25.16 25.15 25.15 percent [+]
Cpi Transportation 198.80 202 204 205 206 206 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 3.00 3 3 3 3 3 percent [+]
Money Supply M0 51801.60 54564 55696 56823 57945 69986 LYD Million [+]
Deposit Interest Rate 2.50 2.5 2.5 2.5 2.5 2.5 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -7687.60 -22800 -12445 -13532 -7466 -5498 LYD Million [+]
Exports 14996.90 21885 17799 13714 17088 21768 LYD Million [+]
Imports 22684.50 57500 33262 35196 37940 38979 LYD Million [+]
Current Account -12905.00 -20240 -22614 -24987 -17448 -7849 LYD Million [+]
Current Account to GDP -17.50 -21.24 -24.03 -26.81 -21.21 -9.65 percent [+]
Capital Flows -5209.50 -3851 -1586 680 -1905 -109 LYD Million [+]
Gold Reserves 116.64 117 117 117 117 117 Tonnes [+]
Crude Oil Production 550.00 662 678 684 686 688 BBL/D/1K [+]
Terrorism Index 7.28 6.76 6.6 6.43 6.12 1.61 [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 15.30 13.4 13.98 14.55 14.55 14.53 percent [+]
Government Budget -54.60 -50.67 -55.19 -59.7 -58.78 -58.14 percent of GDP [+]
Military Expenditure 3737.70 4199 4310 4421 4424 5794 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Steel Production 53.94 45.36 43.7 43.39 43.35 43.34 Thousand Tonnes [+]
Ease Of Doing Business 188.00 188 188 188 188 188 [+]
Competitiveness Index 3.48 3.67 3.65 3.63 3.62 3.73 Points [+]
Competitiveness Rank 126.00 113 112 112 114 100 [+]
Corruption Index 14.00 16 15 14 14 14 Points [+]
Corruption Rank 170.00 164 166 167 168 169 [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 20.00 20 20 20 20 20 percent [+]
Personal Income Tax Rate 10.00 10 10 10 10 10 percent [+]
Social Security Rate 15.00 15 15 15 15 15 percent [+]
Social Security Rate For Companies 11.25 11.25 11.25 11.25 11.25 11.25 percent [+]
Social Security Rate For Employees 3.75 3.75 3.75 3.75 3.75 3.75 percent [+]