Libya 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$45.10 billion
↑ 4.28% vs 2022GDP per Capita
$6,172.81
↑ 3.11% vs 2022GDP Growth (Annual %)
10.16%
↑ 18.41pp vs 2022Inflation Rate (CPI %)
2.37%
↓ 2.14pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $43.25 billion | $45.10 billion | +4.28% |
| GDP per Capita | $5,986.64 | $6,172.81 | +3.11% |
| GDP Growth (Annual %) | -8.25% | 10.16% | +18.41pp |
| Inflation (CPI %) | 4.51% | 2.37% | -2.14pp |
| Unemployment Rate (%) | 19.28% | 18.75% | -0.53pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $45.10 billion
- GDP per Capita
- $6,172.81
- GDP Growth (Annual %)
- 10.16%
- Gross National Income
- $45.31 billion
Prices & Employment
- Inflation (CPI %)
- 2.37%
- Inflation (GDP Deflator %)
- -5.34%
- Unemployment Rate (%)
- 18.75%
- 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)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Libya's Gross Domestic Product (GDP) is $45.10 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Libya for 2023 is $6,172.81. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Libya for 2023 is 2.37%. This measures the annual percentage change in the cost of consumer goods and services.
Libya's annual GDP growth rate for 2023 is 10.16%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Libya for 2023 is 18.75%. This represents the percentage of the labor force that is unemployed and actively seeking employment.