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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 1.40
1.39 1.39 1.39 1.4 1.42
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 55.00
percent
20 15 15 15 10
GDP 50.98
USD Billion
55.8 56.3 56.3 56.3 59.1
GDP Constant Prices 20388.20
LYD Million
24466 23446 23446 28136 30949
GDP per capita 7314.62
USD
7982 8182 8182 8182 8254
GDP per capita PPP 17881.50
USD
15079 21532 21532 15385 15747
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 17.70
percent
17.5 17 17 17 16.5
Population 6.37
million
6.45 6.53 6.53 6.53 6.69
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 12.10
percent
14 13 12 11 11
GDP Deflator 211.10
Index Points
175 172 168 165 191
Food Inflation 18.30
percent
15 17 18 15 10
Consumer Price Index Cpi 322.60
Index Points
380 364 361 383 469
Cpi Housing Utilities 172.80
Index Points
199 195 194 217 245
CPI Transportation 218.50
Index Points
254 246 245 272 314
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 3.00
percent
3 3 3 3 3
Money Supply M0 73718.90
LYD Million
76662 79397 82093 84760 107550
Deposit Interest Rate 2.50
percent
2.5 2.5 2.5 2.5 2.5
Money Supply M1 116606.40
LYD Million
123092 126288 129455 132593 159592
Money Supply M2 119183.60
LYD Million
125861 129162 132395 135561 161264
Banks Balance Sheet 127103.90
LYD Million
129467 131323 133178 135034 151732
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade 6712.00
LYD Million
-4259 -4362 -4259 -4157 -486
Exports 19885.00
LYD Million
16768 17751 18733 19716 18391
Imports 13173.00
LYD Million
21232 22112 22993 23873 18877
Current Account 1337.00
LYD Million
-5425 -6135 -6845 -7556 -6958
Current Account to GDP 2.20
percent
-25 -19 -19 -19 -16
Capital Flows -530.00
LYD Million
-5253 -5459 -5665 -5871 -7790
Gold Reserves 116.60
Tonnes
117 117 117 117 117
Crude Oil Production 926.00
BBL/D/1K
917 905 909 905 906
Terrorism Index 7.26
7.26 7.26 7.26 7.26 7.26
Foreign Direct Investment -153.00
LYD Million
112 -20.21 -152 -285 -272
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 16.50
percent
15 13 13 13 11
Government Budget -43.00
percent of GDP
-43 -43 -43 -43 -43
Military Expenditure 4801.30
USD Million
5038 4968 4899 4830 3110
Government Budget Value -10354.40
LYD Million
-28416 -31122 -33827 -36533 -39326
Government Revenues 16705.40
LYD Million
16340 17374 17892 18409 18035
Fiscal Expenditure 16897.00
LYD Million
32903 29725 28137 26548 24389
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Steel Production 12.83
Thousand Tonnes
29.06 30.7 30.89 30.91 30.91
Ease Of Doing Business 186.00
186 186 186 186 186
Competitiveness Index 3.48
Points
3.98 3.98 3.98 3.98 6.48
Competitiveness Rank 126.00
126 126 126 126 126
Corruption Index 17.00
Points
17 17 17 17 17
Corruption Rank 171.00
171 171 171 171 171
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature 29.87
celsius
18.47 15.03 24.96 22.28 22.81



Libya - Economic Forecasts - 2018-2020 Outlook