Libya's adjusted savings, gross savings (% of GNI) was -14.16% in 2020, the latest year in the World Bank's World Development Indicators. That is down 66.47 percentage points from 52.31% in 2010.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -14.16% | 2020 |
| Five years earlier | 4.03% | 2015 |
| Ten years earlier | 52.31% | 2010 |
| Highest | 68.54% | 2006 |
| Lowest | -14.16% | 2020 |
| Average since 2011 | 16.68% | 2011–2020 |
| First recorded | 27.43% | 2002 |
What the numbers say
In 2020, Libya's adjusted savings, gross savings (% of GNI) fell 35.28 percentage points on 2019 (from 21.12% to -14.16%).
Across the 17 yearly changes before that (2003 to 2019), the average change was −0.37 percentage points and a typical year strayed about 16.63 percentage points from that (the standard deviation). This year's change was 2.1 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 25.56 percentage points in 2012 and the biggest yearly fall was 35.28 percentage points in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2011 to 2020 there is no clear straight-line trend: a straight line explains 24% 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 2020, Libya had the 21st highest value of the 20 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 2020 ranking
- Niger — 17th of 20: 13.65%
- Guinea-Bissau — 18th of 20: 13.34%
- Sierra Leone — 19th of 20: 0.32%
What this measures
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.
Limitations: Because gross savings is calculated as a residual it includes errors, which may not be offsetting, in its components.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 19 values
| Year | Adjusted savings, gross savings (% of GNI) |
|---|---|
| 2020 | -14.16 |
| 2019 | 21.12 |
| 2018 | 29.82 |
| 2017 | 20.29 |
| 2016 | 0.3982 |
| 2015 | 4.03 |
| 2014 | 11.63 |
| 2013 | 27.69 |
| 2012 | 45.77 |
| 2011 | 20.21 |
| 2010 |
Adjusted savings, gross savings (% of GNI) in nearby economies
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
Questions people ask
- What is Libya's adjusted savings, gross savings (% of GNI)?
- -14.16% in 2020, according to the World Bank (World Development Indicators).
- How has it changed since 2002?
- It is down 41.59 percentage points from 27.43% in 2002. The highest value was 68.54% in 2006 and the lowest -14.16% in 2020.
- How does Libya rank?
- 21st highest of 20 economies with data for 2020.
- Is the latest change in adjusted savings, gross savings (% of GNI) unusual for Libya?
- In 2020, Libya's adjusted savings, gross savings (% of GNI) fell 35.28 percentage points on 2019 (from 21.12% to -14.16%). Across the 17 yearly changes before that (2003 to 2019), the average change was −0.37 percentage points and a typical year strayed about 16.63 percentage points from that (the standard deviation). This year's change was 2.1 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator NY.ADJ.ICTR.GN.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in