Libya: Trade balance, percent of GDP

* indicates monthly or quarterly data series
 Libya

Trade balance as percent of GDP

 Latest value 7.46
 Year 2019
 Measure percent
 Data availability 1990 - 2019
 Average 13.64
 Min - Max -12.45 - 45.94
 Source The World Bank
For that indicator, we provide data for Libya from 1990 to 2019. The average value for Libya during that period was 13.64 percent with a minimum of -12.45 percent in 2015 and a maximum of 45.94 percent in 2006. The latest value from 2019 is 7.46 percent. For comparison, the world average in 2019 based on 166 countries is -3.12 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 - Trade balance, percent of GDP - Recent values chart

Historical chart
Libya - Trade balance, percent of GDP - historical chart - 1990-2019




The trade balance for Libya and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

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 Related indicators Latest value Reference Measure
 Terms of trade 106.18 2021 percent
 Trade openness 136.54 2022 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 42.84 2019 percent
 Exports, billion dollars 34.65 2023 billion U.S. dollars
 Growth of exports -52.56 2020 percent
 Imports, percent of GDP 35.37 2019 percent
 Imports, billion dollars 20.85 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.52 2021 percent
 Foreign Direct Investment, billion dollars 0.60 2021 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 7.46 2019 percent
 Trade balance, in dollars 6.97 2021 billion U.S. dollars
 Reserves 86.68 2022 billion U.S. dollars
 Remittances, percent of GDP 0.00 2022 percent
 Remittances 0.00 2022 million U.S. dollars
 Net errors and omissions -577.50 2021 million USD
 Foreign exchange reserves 74.45 9/2022 billion
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