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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 1.32
1.34 1.35 1.36 1.37 1.41
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 55.00
percent
20 20 20 15 10
GDP 29.15
USD Billion
36.85 35.47 34.1 39.1 39.1
GDP Constant Prices 20388.20
LYD Million
24466 24466 37922 23446 47971
GDP per capita 5449.03
USD
7533 8182 6841 8361 8580
GDP per capita PPP 13320.83
USD
18871 18012 17152 21532 22076
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 19.22
percent
19 19 18.23 19 19
Population 6.29
million
6.31 6.33 6.36 6.38 6.68
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 18.70
percent
30 28 25 22 19
GDP Deflator 211.10
Index Points
180 178 175 172 191
Food Inflation 30.90
percent
40 35 30 25 20
Consumer Price Index Cpi 319.00
Index Points
384 391 417 389 591
Cpi Housing Utilities 172.50
Index Points
222 222 218 210 309
CPI Transportation 218.50
Index Points
270 277 279 267 395
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 3.00
percent
3 3 3 3 3
Money Supply M0 63199.90
LYD Million
66741 68563 70363 72140 90331
Deposit Interest Rate 2.50
percent
2.5 2.5 2.5 2.5 2.5
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 6712.00
LYD Million
-6488 -6137 -7072 -7117 1309
Exports 9402.00
LYD Million
12870 12590 12311 12585 18997
Imports 12047.00
LYD Million
19358 18727 18097 19701 17688
Current Account 1337.00
LYD Million
1210 -2108 -5425 -6135 -6958
Current Account to GDP -37.80
percent
-25 -25 -25 -19 -16
Capital Flows -530.00
LYD Million
-5885 -5569 -5253 -5459 -7790
Gold Reserves 116.60
Tonnes
117 117 117 117 117
Crude Oil Production 968.00
BBL/D/1K
870 846 848 848 848
Terrorism Index 7.26
6.61 6.56 6.51 6.27 2.82
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 16.50
percent
15 15 15 13 11
Government Budget -59.90
percent of GDP
-54.77 -51.84 -48.91 -48.82 -48.84
Military Expenditure 3737.70
USD Million
4097 4009 3922 3866 2398
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Steel Production 47.61
Thousand Tonnes
41 40.63 40.58 40.58 40.57
Ease Of Doing Business 185.00
185 185 185 185 185
Competitiveness Index 3.48
Points
3.67 3.65 3.63 3.62 3.72
Competitiveness Rank 126.00
113 112 112 114 98
Corruption Index 17.00
Points
17 17 17 17 17
Corruption Rank 171.00
163 165 167 168 159
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 20.00
percent
20 20 20 23 27
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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Temperature 29.87
celsius
26.42 29.31 18.47 15.03 22.81