Libya 2020
Detailed economic analysis and indicators for 2020
Key Economic Indicators (2020)
GDP (Current USD)
$46.85 billion
↓ 32.34% vs 2019GDP per Capita
$6,650.34
↓ 33.25% vs 2019GDP Growth (Annual %)
-29.46%
↓ 18.26pp vs 2019Inflation Rate (CPI %)
1.45%
↑ 3.61pp vs 2019Year-over-Year Comparison
| Indicator | 2019 | 2020 | Change |
|---|---|---|---|
| GDP (Current USD) | $69.25 billion | $46.85 billion | -32.34% |
| GDP per Capita | $9,963.19 | $6,650.34 | -33.25% |
| GDP Growth (Annual %) | -11.20% | -29.46% | -18.26pp |
| Inflation (CPI %) | -2.16% | 1.45% | +3.61pp |
| Unemployment Rate (%) | 19.05% | 19.61% | +0.56pp |
All Economic Indicators (2020)
National Accounts
- GDP (Current USD)
- $46.85 billion
- GDP per Capita
- $6,650.34
- GDP Growth (Annual %)
- -29.46%
- Gross National Income
- $47.69 billion
Prices & Employment
- Inflation (CPI %)
- 1.45%
- Inflation (GDP Deflator %)
- -4.75%
- Unemployment Rate (%)
- 19.61%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -10.20%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2020, Libya's Gross Domestic Product (GDP) is $46.85 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Libya for 2020 is $6,650.34. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Libya for 2020 is 1.45%. This measures the annual percentage change in the cost of consumer goods and services.
Libya's annual GDP growth rate for 2020 is -29.46%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Libya for 2020 is 19.61%. This represents the percentage of the labor force that is unemployed and actively seeking employment.