Libya's manufacturing, value added (constant LCU) was 2.67 billion in 2017, the latest year in the World Bank's World Development Indicators. That is down 42.77% from 4.67 billion in 2007 (5.43% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 2.67 billion | 2017 |
| Five years earlier | 2.75 billion | 2012 |
| Ten years earlier | 4.67 billion | 2007 |
| Highest | 4.95 billion | 2009 |
| Lowest | 1.94 billion | 2011 |
| Average since 2008 | 3.33 billion | 2008–2017 |
| First recorded | 4.4 billion |
What the numbers say
In 2017, Libya's manufacturing, value added (constant LCU) fell 9% on 2016 (from 2.94 billion to 2.67 billion).
Across the 10 yearly changes before that (2007 to 2016), the average change was −0.8% and a typical year strayed about 24.2% from that (the standard deviation). This year's change was 0.3 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 42% in 2012 and the biggest yearly fall was 52.8% 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 2008 to 2017 the straight-line trend is downward, about 210.15 million a year. A straight line explains 42% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
What this measures
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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 12 values
| Year | Manufacturing, value added (constant LCU) |
|---|---|
| 2017 | 2,674,300,000 |
| 2016 | 2,939,500,000 |
| 2015 | 2,998,100,000 |
| 2014 | 3,305,700,000 |
| 2013 | 2,840,200,000 |
| 2012 | 2,754,300,000 |
| 2011 | 1,940,000,000 |
| 2010 | 4,110,400,000 |
| 2009 | 4,947,800,000 |
| 2008 | 4,811,800,000 |
Manufacturing, value added (constant LCU) in nearby economies
- Afghanistan — 84.08 billion (2024)
- Algeria — 1.03 trillion (2024)
- Bahrain — 2.37 billion (2025)
- Djibouti — 27.94 billion (2024)
- Egypt, Arab Rep. — 1.27 trillion (2025)
- Iran, Islamic Rep. — 19,707.3 trillion (2024)
- Iraq — 5.3 trillion (2025)
- Israel — 199.5 billion (2024)
- Jordan — 7.14 billion (2025)
- Kuwait — 3.44 billion (2025)
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 manufacturing, value added (constant LCU)?
- 2.67 billion in 2017, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is down 39.28% from 4.4 billion in 2006 (4.43% a year on average, compounded). The highest value was 4.95 billion in 2009 and the lowest 1.94 billion in 2011.
- Is the latest change in manufacturing, value added (constant LCU) unusual for Libya?
- In 2017, Libya's manufacturing, value added (constant LCU) fell 9% on 2016 (from 2.94 billion to 2.67 billion). Across the 10 yearly changes before that (2007 to 2016), the average change was −0.8% and a typical year strayed about 24.2% from that (the standard deviation). This year's change was 0.3 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 NV.IND.MANF.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.
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