Libya: Government spending, in dollars
* indicates monthly or quarterly data series
Libya |
Government spending, billion USD |
---|---|
Latest value | 15.91 |
Year | 2023 |
Measure | billion U.S. dollars |
Data availability | 1990 - 2023 |
Average | 12.97 |
Min - Max | 3.21 - 30.20 |
Source | The World Bank |
The latest value from 2023 is 15.91 billion U.S. dollars, an increase from 13.32 billion U.S. dollars in 2022. In comparison, the world average is 109.33 billion U.S. dollars, based on data from 146 countries. Historically, the average for Libya from 1990 to 2023 is 12.97 billion U.S. dollars. The minimum value, 3.21 billion U.S. dollars, was reached in 2002 while the maximum of 30.2 billion U.S. dollars was recorded in 2019.
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Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current U.S. dollars.
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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 |