Libya: Gross savings (current US$)

Key figures

What the numbers say

In 2023, Libya's gross savings (current US$) fell US$2.8 billion on 2022 (from US$14.19 billion to US$11.39 billion).

Across the 30 yearly changes before that (1993 to 2022), the average change was +US$298.3 million and a typical year strayed about US$13.13 billion from that (the standard deviation). This year's change was 0.2 standard deviations below 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 US$32.05 billion in 2012 and the biggest yearly fall was US$31.17 billion in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 there is no clear straight-line trend: a straight line explains 7% 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.

Closest to Libya in the 2023 ranking

• Senegal — 2nd of 7: US$7.04 billion
• Benin — 3rd of 7: US$5.96 billion
• Aruba — 4th of 7: US$520.11 million

What this measures

Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

All 34 values

Gross savings (current US$) in nearby economies

• Algeria — US$111.45 billion (2025)
• Bahrain — US$15.77 billion (2024)
• Djibouti — US$617.06 million (2024)
• Egypt, Arab Rep. — US$29.69 billion (2025)
• Iraq — US$89.52 billion (2024)
• Israel — US$157.3 billion (2025)
• Kuwait — US$71 billion (2024)
• Lebanon — −US$2.52 billion (2023)
• Malta — US$6.48 billion (2024)
• Morocco — US$53.59 billion (2025)
• Oman — US$29.7 billion (2024)
• Pakistan

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)

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Questions people ask

What is Libya's gross savings (current US$)?

US$11.39 billion in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 57.37% from US$7.24 billion in 1990 (1.38% a year on average, compounded). The highest value was US$57.46 billion in 2008 and the lowest −US$186.8 million in 2020.

Is the latest change in gross savings (current US$) unusual for Libya?

In 2023, Libya's gross savings (current US$) fell US$2.8 billion on 2022 (from US$14.19 billion to US$11.39 billion). Across the 30 yearly changes before that (1993 to 2022), the average change was +US$298.3 million and a typical year strayed about US$13.13 billion from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB).

Source

World Bank, World Development Indicators, indicator NY.GNS.ICTR.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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.

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