Libya: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Libya

Fiscal balance, percent of GDP

 Latest value 0.10
 Year 2023
 Measure percent
 Data availability 2018 - 2023
 Average -3.43
 Min - Max -54.50 - 25.30
 Source African Development Bank
The latest value from 2023 is 0.1 percent, a decline from 3.1 percent in 2022. In comparison, the world average is -2.86 percent, based on data from 142 countries. Historically, the average for Libya from 2018 to 2023 is -3.43 percent. The minimum value, -54.5 percent, was reached in 2020 while the maximum of 25.3 percent was recorded in 2019. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


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




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.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Government spending, percent of GDP 31.82 2023 percent
 Government spending, in dollars 15.91 2023 billion U.S. dollars
 Fiscal balance, percent of GDP 0.10 2023 percent
 Commercial tax rate 32.60 2019 percent
 Tax preparation time 889 2019 hours
 Number of taxes 19 2019 taxes
 Foreign aid 263.95 2022 million U.S. dollars
This site uses cookies.
Learn more here


OK