Libya: Adjusted net national income (annual % growth)

Key figures

What the numbers say

In 2021, Libya's adjusted net national income (annual % growth) rose 18.7 percentage points on 2020 (from 12.84% to 31.54%).

Across the 9 yearly changes before that (2012 to 2020), the average change was +5.16 percentage points and a typical year strayed about 40.86 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 86.2 percentage points in 2012 and the biggest yearly fall was 65.47 percentage points in 2013. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2021, Libya had the 2nd highest value of the 137 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Libya in the 2021 ranking

• Congo, Rep. — 1st of 137: 35.67%
• Iraq — 3rd of 137: 21.25%
• Ireland — 4th of 137: 17.25%
• Equatorial Guinea — 5th of 137: 15.95%

What this measures

Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Limitations: Adjusted net national income differs from the adjustments made in the calculation of adjusted net savings, by not accounting for investments in human capital or the damages from pollution. Thus, adjusted net national income remains within the boundaries of the United Nations System of National Accounts (SNA). The SNA includes non-produced natural assets (such as land, mineral resources, and forests) within the asset boundary when they are under the effective control of institutional units. The calculation of adjusted net national income, which accounts for net forest, energy, and mineral depletion, as well as consumption of fixed capital, thus remains within the SNA boundaries.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 11 values

Adjusted net national income (annual % growth) in nearby economies

• Algeria — 3.61% (2021)
• Bahrain — -8.58% (2020)
• Egypt, Arab Rep. — 1.55% (2021)
• Iran, Islamic Rep. — 14.6% (2021)
• Iraq — 21.25% (2021)
• Israel — 8.72% (2021)
• Lebanon — -16.2% (2021)
• Morocco — 7.17% (2021)
• Oman — -3.4% (2021)
• Pakistan — 7.77% (2021)

More economic policy & debt data for Libya

• Total reserves, including gold (current US$) — US$104.66 billion (2025)
• Total reserves, excluding gold (current US$) — US$84.06 billion (2025)
• GDP (current US$) — US$48.1 billion (2025)
• GDP (current LCU) — 255.17 billion (2025)
• GDP (constant 2015 US$) — US$64.4 billion (2025)
• GDP (constant LCU) — 96.66 billion (2025)
• GDP per capita (current US$) — US$6,449 (2025)
• GDP per capita (current LCU) — 34,212 (2025)
• GDP per capita (constant 2015 US$) — US$8,634 (2025)
• GDP per capita (constant LCU) — 12,960 (2025)
• GNI (current US$) — US$49.92 billion (2025)

Reading data like this

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Questions people ask

What is Libya's adjusted net national income (annual % growth)?

31.54% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2011?

It is up 65.12 percentage points from -33.58% in 2011. The highest value was 52.62% in 2012 and the lowest -33.58% in 2011.

How does Libya rank?

2nd highest of 137 economies with data for 2021.

Is the latest change in adjusted net national income (annual % growth) unusual for Libya?

In 2021, Libya's adjusted net national income (annual % growth) rose 18.7 percentage points on 2020 (from 12.84% to 31.54%). Across the 9 yearly changes before that (2012 to 2020), the average change was +5.16 percentage points and a typical year strayed about 40.86 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.ADJ.NNTY.KD.ZG, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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