Libya's gross Value Added (GVA) at basic prices (constant LCU) was 102.63 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 23.43% from 83.15 billion in 2015 (2.13% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 102.63 billion | 2025 |
| Five years earlier | 68.46 billion | 2020 |
| Ten years earlier | 83.15 billion | 2015 |
| Highest | 138.14 billion | 2007 |
| Lowest | 68.46 billion | 2020 |
| Average since 2016 | 91.51 billion | 2016–2025 |
| First recorded | 128.85 billion |
What the numbers say
In 2025, Libya's gross Value Added (GVA) at basic prices (constant LCU) rose 13.3% on 2024 (from 90.58 billion to 102.63 billion).
Across the 18 yearly changes before that (2007 to 2024), the average change was +1.3% and a typical year strayed about 27.6% from that (the standard deviation). This year's change was 0.4 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 83.3% in 2012 and the biggest yearly fall was 46.5% in 2011. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 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 2025, Libya had the 116th highest value of the 161 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 2025 ranking
What this measures
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 20 values
| Year | Gross Value Added (GVA) at basic prices (constant LCU) |
|---|---|
| 2025 | 102,627,789,600 |
| 2024 | 90,580,600,000 |
| 2023 | 89,331,500,000 |
| 2022 | 80,723,800,000 |
| 2021 | 88,552,100,000 |
| 2020 | 68,459,409,400 |
| 2019 | 100,392,692,300 |
| 2018 | 109,584,846,100 |
| 2017 | 103,937,900,000 |
| 2016 | 80,892,600,000 |
Gross Value Added (GVA) at basic prices (constant LCU) in nearby economies
- Afghanistan — 1.02 trillion (2024)
- Algeria — 8.69 trillion (2025)
- Bahrain — 14.99 billion (2025)
- Djibouti — 664.36 billion (2025)
- Egypt, Arab Rep. — 8.25 trillion (2025)
- Iran, Islamic Rep. — 76,213.2 trillion (2025)
- Iraq — 207.34 trillion (2025)
- Israel — 1.54 trillion (2024)
- Jordan — 37.56 billion (2025)
- Kuwait
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 gross Value Added (GVA) at basic prices (constant LCU)?
- 102.63 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is down 20.35% from 128.85 billion in 2006 (1.19% a year on average, compounded). The highest value was 138.14 billion in 2007 and the lowest 68.46 billion in 2020.
- How does Libya rank?
- 116th highest of 161 economies with data for 2025.
- Is the latest change in gross Value Added (GVA) at basic prices (constant LCU) unusual for Libya?
- In 2025, Libya's gross Value Added (GVA) at basic prices (constant LCU) rose 13.3% on 2024 (from 90.58 billion to 102.63 billion). Across the 18 yearly changes before that (2007 to 2024), the average change was +1.3% and a typical year strayed about 27.6% from that (the standard deviation). This year's change was 0.4 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.GDP.FCST.KN, 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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