Libya recorded a Government Budget surplus equal to 3.90 percent of the country's Gross Domestic Product in 2018. Government Budget in Libya averaged -12.01 percent of GDP from 2003 until 2018, reaching an all time high of 38.20 percent of GDP in 2005 and a record low of -131 percent of GDP in 2015.
Government Budget in Libya is expected to be -43.00 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Libya Government Budget is projected to trend around -43.00 percent of GDP in 2020, according to our econometric models.