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ECON FACTBOOK

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Economy of Libya

Population: 6.2 million in 20131

GDP: $75 billion in 20132

GDP per capita: $11,965 nominal3 ($21,397 PPP4) in 2013

GDP growth rate: -10.9% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Mining and utilities18,70145.7%
Other activities14,51935.5%
Transport, storage and communication2,7106.6%
Wholesale, retail trade, restaurants and hotels2,3485.7%
Construction1,1372.8%
Manufacturing7992.0%
Agriculture, hunting, forestry, fishing6891.7%
Total value added40,903100%

Employment

Unemployment rate: 19.6% in 20137

Employment by Industry 20048

Employment sectorPercent of total
Services59%
Industry23%
Agriculture17%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $142 billion (189% of GDP) in 201410

Household Wealth per Adult: $32,669 in 201410

Gini Coefficient: N/A

Government

Central Government

Central Government Revenue: $42 billion (56% of GDP) in 201311

Central Government Expenditure: $42 billion (56% of GDP) in 201311

Central Government Budget Balance: $0 billion (0% of GDP) in 201311

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds

Libyan Investment Authority: $66 billion in 201412

Tax Structure

Individual Income Tax Rates and Thresholds: N/A

Corporate Tax Rate: 20% in 201413

Monetary Policy

Money Supply (M0): N/A

Benchmark Interest Rate: N/A

Total Reserves: $120 billion (160% of GDP) in 201314

Exchange Rate: 1.36 Libyan Dinar = 1 U.S. Dollar on Feb 3, 201515

Inflation: 2.6% in 201316

Financial Institutions

Top 10 Financial Institutions by Assets 201317

N/A (data not available at Relbanks.com)

International Accounts

Exports: $38 billion (51% of GDP) in 201318

Imports: $27 billion (36% of GDP) in 201318

Trade Balance: +$11 billion (+15% of GDP) in 201318

Foreign Direct Investment Inflow: $702 million (1% of GDP)19

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $87 million (0.1% of GDP)20

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Government budget) Go back
12. Source: ESADE Sovereign Wealth Funds (Government Fund) Go back
13. Source: Tax Foundation (Corporate tax rate) Go back
14. Source: World Bank Indicators (Total reserves) Go back
15. Source: Yahoo Finance (Exchange rate) Go back
16. Source: World Bank Indicators (Inflation rate) Go back
17. Source: Relbanks.com (Financial institutions by assets) Go back
18. Source: CIA World Factbook (Trade data) Go back
19. Source: World Bank Indicators (FDI data) Go back
20. Source: World Bank Indicators (Aid data) Go back