Libya: Share of manufacturing

* indicates monthly or quarterly data series
 Libya

Value added by the manufacturing sector as percent of GDP

 Latest value 2.81
 Year 2017
 Measure percent
 Data availability 2002 - 2017
 Average 4.17
 Min - Max 2.31 - 5.92
 Source The World Bank
The latest value from 2017 is 2.81 percent, a decline from 3.66 percent in 2016. In comparison, the world average is 11.89 percent, based on data from 180 countries. Historically, the average for Libya from 2002 to 2017 is 4.17 percent. The minimum value, 2.31 percent, was reached in 2012 while the maximum of 5.92 percent was recorded in 2003. 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 data
Libya - Share of manufacturing - Recent values chart

Historical series
Libya - Share of manufacturing - historical chart - 2002-2017




The importance of manufacturing in the economy of Libya and other countries is measured as the value added of manufacturing as percent of GDP. Manufacturing is part of the industrial sector of the economy.
Definition: Manufacturing refers to industries belonging to ISIC divisions 15-37. 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 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.

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 Related indicators Latest Reference Measure
 Share of industry 77.34 2023 percent
 Share of manufacturing 2.81 2017 percent
 Share of services 25.42 2023 percent
 Industry value added 34.88 2023 billion U.S. dollars
 Manufacturing value added 1.88 2017 billion U.S. dollars
 Services value added 11.46 2023 billion U.S. dollars
 Savings, percent of GDP 39.62 2021 percent
 Savings, in dollars 10.05 2021 billion U.S. dollars
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