Libya: Government spending, percent of GDP

* indicates monthly or quarterly data series

Government spending as percent of GDP

 Latest value 24.50
 Year 2021
 Measure percent
 Data availability 1990 - 2021
 Average 26.37
 Min - Max 10.07 - 61.17
 Source The World Bank
For that indicator, we provide data for Libya from 1990 to 2021. The average value for Libya during that period was 26.37 percent with a minimum of 10.07 percent in 2006 and a maximum of 61.17 percent in 2020. The latest value from 2021 is 24.5 percent. For comparison, the world average in 2021 based on 156 countries is 17.10 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 - Government spending, percent of GDP - Recent values chart

Historical chart
Libya - Government spending, percent of GDP - historical chart - 1990-2021

The government size of Libya and other countries is calculated as the total government spending as percent of GDP.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.

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 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 24.50 2021 percent
 Government spending, in dollars 16.07 2023 billion U.S. dollars
 Fiscal balance, percent of GDP 0.10 2023 percent
 Commercial tax rate 32.60 2019 percent
 Tax preparation time 889 2019 hours
 Number of taxes 19 2019 taxes
 Foreign aid 345.07 2021 million U.S. dollars
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