Libya GDP Annual Growth Rate  2000-2017 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Libya contracted 8.10 percent in 2016 from the previous year. GDP Annual Growth Rate in Libya averaged 2 percent from 2000 until 2016, reaching an all time high of 104.37 percent in 2012 and a record low of -62.10 percent in 2011.

Libya GDP Annual Growth Rate
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Libya GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -8.10 -10.10 104.37 -62.10 percent [+]
GDP 29.15 41.14 87.14 20.48 USD Billion [+]
GDP Constant Prices 20388.20 39016.30 78165.80 20388.20 LYD Million [+]
GDP per capita 5449.03 6086.82 11933.78 4509.26 USD [+]
GDP per capita PPP 13320.83 14879.99 29173.61 11023.44 USD [+]


Libya GDP Annual Growth Rate

Libya has one of the highest GDP per capita in Africa. Libya’s territory (90 percent of which is a desert) has the largest oil reserves in Africa and one of the largest in the world. As a result, Libya’s economy is highly dependent on oil production which accounts for 94 percent of government revenues. In 2011, as part of the Arab Spring, Libya went through a civil war that ousted the dictatorial regime. During the conflict oil production was disrupted which resulted in a GDP contraction of over 40 percent. Yet, it is expected that with the recovery of oil industry, the high rates of growth will be back. This page provides - Libya GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Libya GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-8.10 -10.10 104.37 -62.10 2000 - 2016 percent Yearly




GDP annual growth rate by Country
Country Last
China 6.80 Sep/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.06 Sep/17
Canada 3.70 Jun/17
South Korea 3.60 Sep/17
Spain 3.10 Sep/17
Netherlands 3.00 Sep/17
Germany 2.80 Sep/17
Euro Area 2.50 Sep/17
United States 2.30 Sep/17
France 2.20 Sep/17
Australia 1.80 Jun/17
Italy 1.80 Sep/17
Russia 1.80 Sep/17
Japan 1.70 Sep/17
Mexico 1.60 Sep/17
United Kingdom 1.50 Sep/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17