Libya: Trade balance, percent of GDP

* indicates monthly or quarterly data series
 Libya

Trade balance as percent of GDP

 Latest value 27.33
 Year 2023
 Measure percent
 Data availability 1990 - 2023
 Average 13.82
 Min - Max -12.45 - 45.94
 Source The World Bank
The latest value from 2023 is 27.33 percent, an increase from 24.51 percent in 2022. In comparison, the world average is -3.03 percent, based on data from 137 countries. Historically, the average for Libya from 1990 to 2023 is 13.82 percent. The minimum value, -12.45 percent, was reached in 2015 while the maximum of 45.94 percent 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 - Trade balance, percent of GDP - Recent values chart

Historical series
Libya - Trade balance, percent of GDP - historical chart - 1990-2023




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).

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