Libya's service imports (current US$, BoP) was US$10.05 billion in 2023, the latest year in the World Bank's World Development Indicators. That is up 18.69% from US$8.47 billion in 2013 (1.73% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$10.05 billion | 2023 |
| Five years earlier | US$5.06 billion | 2018 |
| Ten years earlier | US$8.47 billion | 2013 |
| Highest | US$10.05 billion | 2023 |
| Lowest | US$574.68 million | 1995 |
| Average since 2014 | US$6.42 billion | 2014–2023 |
| First recorded | US$1.3 billion |
What the numbers say
In 2023, Libya's service imports (current US$, BoP) rose 22.5% on 2022 (from US$8.21 billion to US$10.05 billion).
Across the 30 yearly changes before that (1993 to 2022), the average change was +11% and a typical year strayed about 31.3% 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 94.6% in 1991 and the biggest yearly fall was 55.3% in 1992. 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 the straight-line trend is upward, about US$487.97 million a year. A straight line explains 43% 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.
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.
| Value | Year | |
|---|---|---|
| Libya | US$10.05 billion | 2023 |
| World | US$8.75 trillion | 2025 |
| Upper middle income | US$1.47 trillion | 2025 |
Closest to Libya in the 2023 ranking
What this measures
Imports of services are services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 47 values
| Year | Service imports (current US$, BoP) |
|---|---|
| 2023 | 10,054,500,000 |
| 2022 | 8,206,400,000 |
| 2021 | 8,449,200,000 |
| 2020 | 5,186,300,000 |
| 2019 | 7,641,900,000 |
| 2018 | 5,062,600,000 |
| 2017 | 4,558,400,000 |
| 2016 | 2,883,000,000 |
| 2015 | 4,658,400,000 |
| 2014 | 7,456,100,000 |
| 2013 |
Service imports (current US$, BoP) in nearby economies
- Afghanistan — US$1.11 billion (2020)
- Algeria — US$11.99 billion (2025)
- Bahrain — US$12.97 billion (2025)
- Djibouti — US$729.63 million (2024)
- Egypt, Arab Rep. — US$29.61 billion (2025)
- Iraq — US$26.87 billion (2025)
- Israel — US$56.46 billion (2025)
- Jordan — US$6.5 billion (2024)
- Kuwait — US$29.6 billion (2025)
- Lebanon — US$6.63 billion (2023)
- Malta
More economic policy & debt data for Libya
- Total reserves, including gold (current US$) — 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$49.92 billion (2025)
Reading data like this
Questions people ask
- What is Libya's service imports (current US$, BoP)?
- US$10.05 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1977?
- It is up 672.75% from US$1.3 billion in 1977 (4.55% a year on average, compounded). The highest value was US$10.05 billion in 2023 and the lowest US$574.68 million in 1995.
- How does Libya rank?
- 1st highest of 12 economies with data for 2023.
- Is the latest change in service imports (current US$, BoP) unusual for Libya?
- In 2023, Libya's service imports (current US$, BoP) rose 22.5% on 2022 (from US$8.21 billion to US$10.05 billion). Across the 30 yearly changes before that (1993 to 2022), the average change was +11% and a typical year strayed about 31.3% 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 BM.GSR.NFSV.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.
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