Markets Actual Q3 Q4 Q1 Q2 2023
Currency 4.82 4.85 4.87 4.89 4.89 4.93

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) -60.30 6 6 6 6 8
Unemployment Rate (%) 19.60 20 20 19.6 19.6 19.6
Inflation Rate (%) 5.70 7 5 4 3.5 3.5
Interest Rate (%) 3.00 4 4 4 4 4
Balance of Trade (LYD Million) 3168.60 -5220 -5220 -5220 -5220 -5220
Current Account (LYD Million) -5514.00 -3800 -3800 -4200 -4200 -4200
Current Account to GDP (% of GDP) -7.90 25 25 18 18 18
Government Debt to GDP (% of GDP) 155.00 130 130 130 130 125
Government Budget (% of GDP) -103.00 -8 -8 -10 -10 -10
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 2023
GDP Annual Growth Rate (%) -60.30 6 6 6 6 8
GDP (USD Billion) 25.42 51 52 52 52 52
GDP per capita (USD) 4046.63 6000 7350 7350 7350 7350
GDP per capita PPP (USD) 10282.29 13000 13000 13000 13000 13000

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 19.60 20 20 19.6 19.6 19.6
Population (million) 6.87 6.98 7.08 7.08 7.08 7.08

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 5.70 7 5 4 3.5 3.5
Food Inflation (%) 5.53 7 6.5 6 5.5 5
Inflation Rate Mom (%) 1.09 0.5 0.4 0.3 0.3 0.3
Consumer Price Index CPI (points) 287.50 296 297 295 299 305
CPI Housing Utilities (points) 189.50 191 190 190 197 196
CPI Transportation (points) 208.10 210 211 212 213 213

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 3.00 4 4 4 4 4
Banks Balance Sheet (LYD Million) 142731.90 130000 126000 126000 126000 126000

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (LYD Million) 3168.60 -5220 -5220 -5220 -5220 -5220
Current Account (LYD Million) -5514.00 -3800 -3800 -4200 -4200 -4200
Current Account to GDP (% of GDP) -7.90 25 25 18 18 18
Imports (LYD Million) 11125.80 22370 22370 22370 22370 22370
Exports (LYD Million) 14294.50 17150 17150 17150 17150 17150
Crude Oil Production (BBL/D/1K) 1166.00 1270 1250 1250 1250 1200

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 155.00 130 130 130 130 125
Government Budget (% of GDP) -103.00 -8 -8 -10 -10 -10

Taxes Actual Q3 Q4 Q1 Q2 2023
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


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Libya Forecast - was last updated on Saturday, July 2, 2022.