Libya: Economic freedom, overall index

The latest value from 2012 is 36 index points, a decline from 39 index points in 2011. In comparison, the world average is 60 index points, based on data from 178 countries. Historically, the average for Libya from 1996 to 2012 is 35 index points. The minimum value, 29 index points, was reached in 1997 while the maximum of 44 index points was recorded in 2009. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: The Overall index of economic freedom has ten components grouped into four broad categories: Rule of Law; Limited Government; Regulatory Efficiency and Open Markets. The overall economic freedom is scored on a scale of 0 to 100, where 100 represents the maximum freedom.