Libya 2024
Detailed economic analysis and indicators for 2024
Key Economic Indicators (2024)
GDP (Current USD)
$45.34 billion
↑ 0.55% vs 2023GDP per Capita
$6,206.50
↑ 0.55% vs 2023GDP Growth (Annual %)
0.55%
↓ 9.61pp vs 2023Inflation Rate (CPI %)
2.13%
↓ 0.25pp vs 2023Year-over-Year Comparison
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| GDP (Current USD) | $45.10 billion | $45.34 billion | +0.55% |
| GDP per Capita | $6,172.81 | $6,206.50 | +0.55% |
| GDP Growth (Annual %) | 10.16% | 0.55% | -9.61pp |
| Inflation (CPI %) | 2.37% | 2.13% | -0.25pp |
| Unemployment Rate (%) | 18.75% | 18.62% | -0.14pp |
All Economic Indicators (2024)
National Accounts
- GDP (Current USD)
- $45.34 billion
- GDP per Capita
- $6,206.50
- GDP Growth (Annual %)
- 0.55%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- 2.13%
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 18.62%
- 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 2024, Libya's Gross Domestic Product (GDP) is $45.34 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Libya for 2024 is $6,206.50. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Libya for 2024 is 2.13%. This measures the annual percentage change in the cost of consumer goods and services.
Libya's annual GDP growth rate for 2024 is 0.55%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Libya for 2024 is 18.62%. This represents the percentage of the labor force that is unemployed and actively seeking employment.