Libya: Capital investment, percent of GDP

* indicates monthly or quarterly data series

Capital investment as percent of GDP

 Latest value 14.16
 Year 2019
 Measure percent
 Data availability 1990 - 2019
 Average 15.60
 Min - Max 8.44 - 26.22
 Source The World Bank
For that indicator, we provide data for Libya from 1990 to 2019. The average value for Libya during that period was 15.6 percent with a minimum of 8.44 percent in 2011 and a maximum of 26.22 percent in 2014. The latest value from 2019 is 14.16 percent. For comparison, the world average in 2019 based on 161 countries is 24.12 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Libya - Capital investment, percent of GDP - Recent values chart

Historical chart
Libya - Capital investment, percent of GDP - historical chart - 1990-2019

The capital investment in Libya and other countries is calculated as the purchases of new plant and equipment by firms, as percent of GDP. A high number is good for long-term economic growth as current investment leads to greater future production.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.

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 Related indicators Latest value Reference Measure
 Capital investment, percent of GDP 14.16 2019 percent
 Capital investment, in dollars 7.43 2023 billion U.S. dollars
 Household consumption, percent of GDP 26.13 2023 percent
 Household consumption, in dollars 13.19 2023 billion U.S. dollars
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