Libya's net primary income (current US$, BoP) was US$2.19 billion in 2023, the latest year in the World Bank's World Development Indicators. That is up 626.72% from −US$415 million in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$2.19 billion | 2023 |
| Five years earlier | US$913.3 million | 2018 |
| Ten years earlier | −US$415 million | 2013 |
| Highest | US$2.19 billion | 2023 |
| Lowest | −US$1.93 billion | 2012 |
| Average since 2014 | US$921.1 million | 2014–2023 |
| First recorded | −US$1.22 billion |
What the numbers say
In 2023, Libya's net primary income (current US$, BoP) rose US$2.06 billion on 2022 (from US$125.3 million to US$2.19 billion).
Across the 30 yearly changes before that (1993 to 2022), the average change was −US$6.62 million and a typical year strayed about US$920.69 million from that (the standard deviation). This year's change was 2.2 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was US$2.61 billion in 2007 and the biggest yearly fall was US$1.99 billion in 2012. 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 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 2023, Libya had the 1st highest value of the 12 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 2023 ranking
What this measures
Net primary income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). 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.
Limitations: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.
All 47 values
| Year | Net primary income (current US$, BoP) |
|---|---|
| 2023 | 2,185,900,000 |
| 2022 | 125,300,000 |
| 2021 | -536,800,000 |
| 2020 | 837,500,000 |
| 2019 | 1,829,300,000 |
| 2018 | 913,300,000 |
| 2017 | 1,285,600,000 |
| 2016 | 751,000,000 |
| 2015 | 1,236,700,000 |
| 2014 | 583,200,000 |
| 2013 |
Net primary income (current US$, BoP) in nearby economies
- Afghanistan — US$189.23 million (2020)
- Algeria — −US$1.98 billion (2025)
- Bahrain — −US$3.44 billion (2025)
- Djibouti — US$115.93 million (2024)
- Egypt, Arab Rep. — −US$16.48 billion (2025)
- Iraq — US$7.6 million (2025)
- Israel — −US$8.23 billion (2025)
- Jordan — −US$1.25 billion (2024)
- Kuwait — US$36.37 billion (2025)
- Lebanon — −US$78.88 million (2023)
- Malta
More economic policy & debt data for Libya
- Total reserves, including gold (current US$) — 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$49.92 billion (2025)
Reading data like this
Questions people ask
- What is Libya's net primary income (current US$, BoP)?
- US$2.19 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1977?
- It is up 279.86% from −US$1.22 billion in 1977. The highest value was US$2.19 billion in 2023 and the lowest −US$1.93 billion in 2012.
- How does Libya rank?
- 1st highest of 12 economies with data for 2023.
- Is the latest change in net primary income (current US$, BoP) unusual for Libya?
- In 2023, Libya's net primary income (current US$, BoP) rose US$2.06 billion on 2022 (from US$125.3 million to US$2.19 billion). Across the 30 yearly changes before that (1993 to 2022), the average change was −US$6.62 million and a typical year strayed about US$920.69 million from that (the standard deviation). This year's change was 2.2 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator BN.GSR.FCTY.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) 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