For that indicator, Fund for Peace provides data for Libya from 2007 to 2018. The average value for Libya during that period was 6.26 index points with a minumum of 4.6 index points in 2011 and a maximum of 8.5 index points in 2017.
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Definition: The Economic decline indicator considers factors related to economic decline within a country. For example, the indicator looks at patterns of progressive economic decline of the society as a whole as measured by per capita income, Gross National Product, unemployment rates, inflation, productivity, debt, poverty levels, or business failures. It also takes into account sudden drops in commodity prices, trade revenue, or foreign investment, and any collapse or devaluation of the national currency. The higher the value of the indicator, the greater the economic decline in the country.