The economy of Libya is expected to have grown by a strong 177 percent in 2021, following a 59.7 percent contraction in 2020, according to AFDB forecasts. The recovery in 2021 reflected the low-base effect but also progress toward political stability and the reopening of major oilfields. source: Central Bank of Libya
GDP Annual Growth Rate in Libya averaged 10.06 percent from 2000 until 2021, reaching an all time high of 177 percent in 2021 and a record low of -62.10 percent in 2011. This page provides - Libya GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Libya GDP Annual Growth Rate - values, historical data and charts - was last updated on August of 2022.
GDP Annual Growth Rate in Libya is expected to reach 3.80 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Libya GDP Annual Growth Rate is projected to trend around 4.50 percent in 2023 and 6.00 percent in 2024, according to our econometric models.