Libya: Trade balance, percent of GDP

(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series

Libya: Trade balance as percent of GDP

: For that indicator, The World Bank provides data for Libya from 1990 to 2018. The average value for Libya during that period was 10.22 percent with a minumum of -44.87 percent in 2014 and a maximum of 45.26 percent in 2006. See the global rankings for that indicator or use the country comparator to compare trends over time.
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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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