General profile: Libya

GENERAL INFORMATION FOR 2020
Population
Population
Exchange rates
Exchange rate
GDP
GDP
6.871 Millions
1.401 LYD/US$
14 315 Millions current US$
Land area
Land area¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
(n) 1 759 540 km²
22.26 %
-67.61 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
-69.8 %
Merchandise exports growth rate in 2020
Total merchandise trade
(millions of US$)
2005
2010
2015
2020
Merchandise exports
31 358
48 673
11 392
(e) 7 769
Merchandise imports
6 079
17 674
16 429
(e) 13 361
Merchandise trade balance
25 279
30 998
-5 037
(e) -5 592
Export structure by product group in 2020
(as % of total exports)
19 %19 %77 %77 %5 %5 %
Top 5 partners in 2020
(exports, millions of US$)
2 5439868457165652 543986845716565
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2020
Services exports
534
410
483
-
Services imports
2 349
6 127
4 658
-
Services trade balance
-1 815
-5 717
-4 175
-
Services exports by main category²
(as % of total services)
2005
2010
2015
2020
Transport
21.7
64.0
6.8
-
Travel
46.8
14.6
0.0
-
Other services
31.5
21.4
93.2
-
TRADE INDICES
More data on UNCTADstat
65213245164861001663614721464283425404564263542501941381551786610511596821001521681681541371111671361311178771646473
ECONOMIC TRENDS
More data on UNCTADstat
-67.6 %
Gross domestic product growth rate in 2020
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2020
GDP, current
45 451
80 942
17 666
14 315
GDP per capita, current US$
7 838
13 060
2 752
2 083
Real GDP growth, y-on-y, %
10.29
4.32
-45.50
-67.61
Current account balance, % of GDP
32.88
20.76
-52.90
..
Exchange rate (/US$)
1.308
1.267
1.381
1.401
GDP by expenditure in 2019
(as % of total GDP)
27.537.531.756.052.727.537.531.756.052.7
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
..
FDI outflows as % of GDP in 2020
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2020
FDI inflows
1 038.00
1 909.00
..
..
FDI outflows
128.00
2 722.00
394.80
..
Personal remittances, % of GDP
..
..
..
..
Financial flows trends
(millions of US$)
7021 9093 3103 1803 8502 0641 038357143145-133141FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators²
(as % and index)
2005
2010
2015
2020
Balance, % of GDP
34.89
23.05
-55.15
..
Balance, % of imports
117.28
60.80
-46.20
..
Normalized balance
0.370
0.233
-0.300
..
Trade openness²
(sum of imports and exports as % of GDP)
13214213612018416913593859994921089894
LABOUR FORCE
Labour force by gender in 2020
(as % of total labour force, all sectors)
Male
69%Male 69%Female
31%Female 31%
OTHER INDICATORS
More data on UNCTADstat
0.078 %
Share of the total world merchant fleet in 2020
Maritime transport indicators
 
2005
2010
2015
2020
Merchant fleet, national flag (thousands of DWT)
100
1 405
1 884
1 625
Liner shipping connectivity index (maximum 2006 = 100 for China)
..
8.17
16.38
12.85
Container port throughput (TEU)
..
136 203
558 764
..
Information economy indicators
(as % of)
2005
2010
2015
2020
Share of ICT goods, % of total exports
..
..
..
..
Share of ICT goods, % of total imports
..
3.58
..
..
Share of workforce involved in the ICT sector
..
..
..
..
Source: UNCTADstat (http://unctadstat.unctad.org)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
e
Estimated.
n
Estimated. Data refers to 2016.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
Not available or not separately reported
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on UNCTADstat do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in UNCTADstat.
Generation date: 22 July 2021