
Libya: Exports, billion dollars
* indicates monthly or quarterly data series
Libya |
Exports of goods and services, billion USD |
---|---|
Latest value | 38.38 |
Year | 2023 |
Measure | billion U.S. dollars |
Data availability | 1990 - 2023 |
Average | 23.17 |
Min - Max | 5.28 - 64.27 |
Source | The World Bank |
The latest value from 2023 is 38.38 billion U.S. dollars, a decline from 39.78 billion U.S. dollars in 2022. In comparison, the world average is 194.00 billion U.S. dollars, based on data from 154 countries. Historically, the average for Libya from 1990 to 2023 is 23.17 billion U.S. dollars. The minimum value, 5.28 billion U.S. dollars, was reached in 1998 while the maximum of 64.27 billion U.S. dollars was recorded in 2008.
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Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.
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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 | 85.11 | 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 |