Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.38 1.39 1.4 1.4 1.4 1.41
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 55.00 15 15 15 15 10
Unemployment Rate (%) 17.70 17 17 17 17 16.5
Inflation Rate (%) -4.50 5 5 5.5 5.6 5
Balance of Trade (LYD Million) 6712.00 -4362 -4259 -4157 -4055 -5220
Current Account to GDP (%) 2.20 -19 -19 -19 -19 -16
Government Debt to GDP (%) 16.50 13 13 13 13 11
Government Budget (% of GDP) -43.00 -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 Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 55.00 15 15 15 15 10
GDP (USD Billion) 50.98 56.3 56.3 56.3 56.3 59.1
GDP Constant Prices (LYD Million) 20388.20 23446 23446 23446 23446 25791
GDP per capita (USD) 7314.62 8182 8182 8182 8182 8254
GDP per capita PPP (USD) 17881.50 21532 21532 15385 15385 15824
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 17.70 17 17 17 17 16.5
Population (million) 6.37 6.53 6.53 6.53 6.53 6.53
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) -4.50 5 5 5.5 5.6 5
Food Inflation (%) -6.10 4 4.3 4.5 5 4.8
Consumer Price Index Cpi (Index Points) 318.70 338 346 350 339 356
Cpi Housing Utilities (Index Points) 173.80 181 182 183 184 193
CPI Transportation (Index Points) 219.90 229 234 239 235 246
Money Actual Q1 Q2 Q3 Q4 2020
Deposit Interest Rate (%) 2.50 2.5 2.5 2.5 2.5 2.5
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (LYD Million) 6712.00 -4362 -4259 -4157 -4055 -5220
Current Account to GDP (%) 2.20 -19 -19 -19 -19 -16
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 16.50 13 13 13 13 11
Government Budget (% of GDP) -43.00 -43 -43 -43 -43 -43
Taxes Actual Q1 Q2 Q3 Q4 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.