Libya: Trade openness

* indicates monthly or quarterly data series
 Libya

Trade openness: exports plus imports as percent of GDP

 Latest value 136.54
 Year 2022
 Measure percent
 Data availability 1990 - 2022
 Average 74.29
 Min - Max 34.80 - 145.45
 Source The World Bank
For that indicator, we provide data for Libya from 1990 to 2022. The average value for Libya during that period was 74.29 percent with a minimum of 34.8 percent in 1999 and a maximum of 145.45 percent in 2021. The latest value from 2022 is 136.54 percent. For comparison, the world average in 2022 based on 157 countries is 100.30 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 - Trade openness - Recent values chart

Historical chart
Libya - Trade openness - historical chart - 1990-2022




Definition: Exports plus imports as percent of GDP.

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 Related indicators Latest value Reference Measure
 Terms of trade 106.18 2021 percent
 Trade openness 136.54 2022 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 42.84 2019 percent
 Exports, billion dollars 34.65 2023 billion U.S. dollars
 Growth of exports -52.56 2020 percent
 Imports, percent of GDP 35.37 2019 percent
 Imports, billion dollars 20.85 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.52 2021 percent
 Foreign Direct Investment, billion dollars 0.60 2021 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 7.46 2019 percent
 Trade balance, in dollars 6.97 2021 billion U.S. dollars
 Reserves 86.68 2022 billion U.S. dollars
 Remittances, percent of GDP 0.00 2022 percent
 Remittances 0.00 2022 million U.S. dollars
 Net errors and omissions -577.50 2021 million USD
 Foreign exchange reserves 74.45 9/2022 billion
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