Libya: Share of industry

* indicates monthly or quarterly data series

Value added by industry as percent of GDP

 Latest value 80.31
 Year 2022
 Measure percent
 Data availability 2002 - 2022
 Average 62.34
 Min - Max 10.36 - 86.67
 Source The World Bank
For that indicator, we provide data for Libya from 2002 to 2022. The average value for Libya during that period was 62.34 percent with a minimum of 10.36 percent in 2020 and a maximum of 86.67 percent in 2006. The latest value from 2022 is 80.31 percent. For comparison, the world average in 2022 based on 166 countries is 27.55 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 - Share of industry - Recent values chart

Historical chart
Libya - Share of industry - historical chart - 2002-2022

The importance of industry in the economy of Libya and other countries is measured as the value added of the industrial sector as percent of GDP. Industry includes mining, manufacturing, construction, electricity, water, and gas.
Definition: Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.

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 Related indicators Latest value Reference Measure
 Share of industry 80.31 2022 percent
 Share of manufacturing 2.91 2019 percent
 Share of services 25.47 2022 percent
 Industry value added 42.94 2023 billion U.S. dollars
 Manufacturing value added 2.15 2018 billion U.S. dollars
 Services value added 23.52 2023 billion U.S. dollars
 Savings, percent of GDP 47.53 2021 percent
 Savings, in dollars 18.93 2021 billion U.S. dollars
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