Libya - Economic Forecasts - 2018-2020 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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 1.37
1.38 1.4 1.41 1.42 1.47
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 55.00
percent
20 20 15 15 10
GDP 50.98
USD Billion
55.8 55.8 56.3 56.3 59.1
GDP Constant Prices 20388.20
LYD Million
24466 24466 23446 23446 30949
GDP per capita 7314.62
USD
7982 7982 8182 8182 8254
GDP per capita PPP 17881.50
USD
14965 15079 21532 21532 15747
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 17.70
percent
17.5 17.5 17 17 16.5
Population 6.37
million
6.45 6.45 6.53 6.53 6.69
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 12.10
percent
11 10 12 12.9 19
GDP Deflator 211.10
Index Points
178 175 172 168 191
Food Inflation 18.30
percent
15 15 17 18 10
Consumer Price Index Cpi 322.60
Index Points
339 367 361 364 520
Cpi Housing Utilities 172.80
Index Points
192 192 193 195 272
CPI Transportation 218.50
Index Points
240 246 244 247 348
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 3.00
percent
3 3 3 3 3
Money Supply M0 64648.90
LYD Million
68183 69935 71665 73376 89417
Deposit Interest Rate 2.50
percent
2.5 2.5 2.5 2.5 2.5
Money Supply M1 110029.10
LYD Million
115091 117658 120207 122738 147068
Money Supply M2 111983.90
LYD Million
117006 119502 121952 124358 146115
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 6712.00
LYD Million
-2377 -4259 -4362 -4259 -486
Exports 19885.00
LYD Million
18186 16768 17751 18733 18391
Imports 13173.00
LYD Million
20564 21232 22112 22993 18877
Current Account 1337.00
LYD Million
-2108 -5425 -6135 -6845 -6958
Current Account to GDP 2.20
percent
-25 -25 -19 -19 -16
Capital Flows -530.00
LYD Million
-5569 -5253 -5459 -5665 -7790
Gold Reserves 116.60
Tonnes
117 117 117 117 117
Crude Oil Production 708.00
BBL/D/1K
680 650 655 648 649
Terrorism Index 7.26
7.29 7.28 7.31 7.34 7.59
Foreign Direct Investment -153.00
LYD Million
-380 112 -20.21 -152 -272
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 16.50
percent
15 15 13 13 11
Government Budget -43.00
percent of GDP
-41.63 -40.61 -40.21 -39.82 -44.45
Military Expenditure 4801.30
USD Million
5147 5038 4968 4899 3110
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Steel Production 22.49
Thousand Tonnes
34.32 34.88 34.94 34.94 34.94
Ease Of Doing Business 185.00
186 185 185 185 185
Competitiveness Index 3.48
Points
3.65 3.63 3.62 3.61 3.72
Competitiveness Rank 126.00
112 112 114 116 98
Corruption Index 17.00
Points
16 16 16 15 15
Corruption Rank 171.00
169 170 171 172 174
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 29.87
celsius
29.31 18.47 15.03 24.96 22.81