Libya recorded a government debt equivalent to 16.50 percent of the country's Gross Domestic Product in 2016. Government Debt to GDP in Libya averaged 11.89 percent from 2003 until 2016, reaching an all time high of 21.20 percent in 2003 and a record low of 6.30 percent in 2008.

Government Debt to GDP in Libya is expected to be 13.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Libya Government Debt to GDP is projected to trend around 10.00 percent in 2020, according to our econometric models.

Libya Government Debt to GDP
Forecast Data Chart
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Libya Government Last Previous Highest Lowest Unit
Government Debt to GDP 16.50 15.30 21.20 6.30 percent [+]
Government Budget -43.00 -59.90 38.20 -59.90 percent of GDP [+]
Credit Rating 15.00 [+]
Military Expenditure 4801.30 5188.60 5188.60 680.20 USD Million [+]
Government Budget Value -10354.40 -20193.20 28625.70 -26335.50 LYD Million [+]
Government Revenues 16705.40 22337.60 72741.20 8595.20 LYD Million [+]
Fiscal Expenditure 16897.00 32692.00 65283.50 16897.00 LYD Million [+]

Libya Government Debt to GDP

Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Libya Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Libya Government Debt to GDP - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
16.50 15.30 21.20 6.30 2003 - 2016 percent Yearly

Country Last Previous
Japan 253.00 Dec/17
Italy 131.80 Dec/17
Singapore 110.60 Dec/17
United States 105.40 Dec/17
Spain 98.30 Dec/17
France 97.00 Dec/17
Canada 89.60 Dec/17
Euro Area 86.70 Dec/17
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India 68.70 Dec/17
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Saudi Arabia 17.20 Dec/17
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