Libya: Remittances

* indicates monthly or quarterly data series
 Libya

Remittances, million USD

 Latest value 16.00
 Year 2006
 Measure million U.S. dollars
 Data availability 2000 - 2006
 Average 10.71
 Min - Max 7.00 - 16.00
 Source The World Bank
The latest value from 2006 is 16 million U.S. dollars, an increase from 15 million U.S. dollars in 2005. In comparison, the world average is 1563.27 million U.S. dollars, based on data from 187 countries. Historically, the average for Libya from 2000 to 2006 is 10.71 million U.S. dollars. The minimum value, 7 million U.S. dollars, was reached in 2002 while the maximum of 16 million U.S. dollars was recorded in 2006. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
Libya - Remittances - Recent values chart




Remittances are the money sent home by people who work in a foreign country. These are, for example, the money sent to Mexico by Mexican workers in the U.S.
Definition: Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Terms of trade 106.18 2021 percent
 Trade openness 155.66 2023 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 68.63 2023 percent
 Exports, billion dollars 38.38 2023 billion U.S. dollars
 Growth of exports 7.10 2023 percent
 Imports, percent of GDP 41.30 2023 percent
 Imports, billion dollars 31.81 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.26 2021 percent
 Foreign Direct Investment, billion dollars -0.16 2023 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2013 million dollars (current)
 Current account, percent of GDP 18.50 2023 percent
 Current account, in dollars 5.68 2021 billion U.S. dollars
 Trade balance, percent of GDP 27.33 2023 percent
 Trade balance, in dollars 6.97 2021 billion U.S. dollars
 Reserves 92.43 2023 billion U.S. dollars
 Remittances, percent of GDP 0.03 2006 percent
 Remittances 16.00 2006 million U.S. dollars
 Net errors and omissions -577.50 2021 million USD
 Foreign exchange reserves 84.13 10/2024 billion
This site uses cookies.
Learn more here


OK