Libya: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series

Fiscal balance, percent of GDP

 Latest value 13.8
 Year 2022
 Measure percent
 Data availability 2018 - 2022
 Average -2
 Min - Max -54.5 - 25.3
 Source African Development Bank
For that indicator, we provide data for Libya from 2018 to 2022. The average value for Libya during that period was -2 percent with a minimum of -54.5 percent in 2020 and a maximum of 25.3 percent in 2019. The latest value from 2022 is 13.8 percent. For comparison, the world average in 2022 based on 149 countries is -2.63 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Libya - Fiscal balance, percent of GDP - recent values

Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 24.50 2021 percent
 Government spending, in dollars 9.75 2021 billion U.S. dollars
 Fiscal balance, percent of GDP 13.80 2022 percent
 Commercial tax rate 32.60 2019 percent
 Tax preparation time 889 2019 hours
 Number of taxes 19 2019 taxes
 Foreign aid 345.07 2021 million U.S. dollars
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