Libya: Savings, percent of GDP

The latest value from 2023 is 25.86 percent, a decline from 32.81 percent in 2022. In comparison, the world average is 22.69 percent, based on data from 153 countries. Historically, the average for Libya from 1990 to 2023 is 28.89 percent. The minimum value, -0.4 percent, was reached in 2020 while the maximum of 67.9 percent was recorded in 2006. See the global rankings for that indicator or use the country comparator to compare trends over time.

The savings in Libya and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.

Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.