Libya: Industry value added

* indicates monthly or quarterly data series

Industry value added, billion USD

 Latest value 42.94
 Year 2023
 Measure billion U.S. dollars
 Data availability 2002 - 2023
 Average 38.80
 Min - Max 13.02 - 74.50
 Source The World Bank
For that indicator, we provide data for Libya from 2002 to 2023. The average value for Libya during that period was 38.8 billion U.S. dollars with a minimum of 13.02 billion U.S. dollars in 2016 and a maximum of 74.5 billion U.S. dollars in 2008. The latest value from 2023 is 42.94 billion U.S. dollars. For comparison, the world average in 2023 based on 152 countries is 132.74 billion U.S. dollars. 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 - Industry value added - Recent values chart

Historical chart
Libya - Industry value added - historical chart - 2002-2023

Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.

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 Related indicators Latest value Reference Measure
 Share of industry 80.31 2022 percent
 Share of manufacturing 2.91 2019 percent
 Share of services 25.47 2022 percent
 Industry value added 42.94 2023 billion U.S. dollars
 Manufacturing value added 2.15 2018 billion U.S. dollars
 Services value added 23.52 2023 billion U.S. dollars
 Savings, percent of GDP 47.53 2021 percent
 Savings, in dollars 18.93 2021 billion U.S. dollars
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