Libya Current Account to GDP

Libya recorded a Current Account surplus of 25.50 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Libya is reported by the Central Bank of Lybia. Current Account to GDP in Libya averaged 14.26 Percent from 1990 until 2012, reaching an all time high of 55.20 Percent in 2006 and a record low of -4.45 Percent in 1993. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Libya Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
25.50 7.80 55.20 -4.45 28.95 | 2014/06 1990 - 2012 Percent Yearly

TO

Libya Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade 44650.00 2012-12-31 9590.00 51089.00 35.00 39700.50 2014-06-30 LYD Million [+]
Current Account 30034.00 2012-06-29 3872.00 45983.00 -418.70 41253.19 2014-06-30 LYD Million [+]
Current Account to GDP 25.50 2012-12-31 7.80 55.20 -4.45 28.95 2014-06-30 Percent [+]
Exports 76893.00 2012-12-31 23254.00 77027.00 2449.00 61603.08 2014-06-30 LYD Million [+]
Imports 32343.00 2012-12-31 13664.00 32343.00 2106.00 24455.75 2014-06-30 LYD Million [+]
Capital Flows -9937.00 2012-06-29 -3002.00 514.90 -23905.00 -8993.82 2014-06-30 LYD Million [+]
Crude Oil Production 230.00 2013-12-15 220.00 2370.00 0.00 579.09 2013-11-30 Thousands Barrels per Day [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

Libya Current Account at 30034.00 LYD Million  
Libya recorded a Current Account surplus of 30034 LYD Million in 2012. Current Account in Libya is reported by the Central Bank of Lybia.
Libya Inflation Rate at 1.70 percent  
The inflation rate in Libya was recorded at 1.70 percent in December of 2013. Inflation Rate in Libya is reported by the Central Bank of Lybia.
Libya Capital Flows at -9937.00 LYD Million  
Capital Flows in Libya decreased to -9937 LYD Million in 2012 from -3002 LYD Million in 2011. Capital Flows in Libya is reported by the Central Bank of Libya.
Libya Crude Oil Production at 230.00 Thousands Barrels per Day  
Crude Oil Production in Libya increased to 230 Thousands Barrels per Day in December of 2013 from 220 Thousands Barrels per Day in November of 2013. Crude Oil Production in Libya is reported by the U.S. Energy Information Administration.
Libya GDP Constant Prices at 39922.70 LYD Million  
GDP Constant Prices in Libya increased to 39922.70 LYD Million in 2012 from 20146.30 LYD Million in 2011. GDP Constant Prices in Libya is reported by the Central Bank Of Libya.
Libya GDP Deflator at 246.60 Index Points  
GDP Deflator in Libya increased to 246.60 Index Points in 2011 from 197.20 Index Points in 2010. GDP Deflator in Libya is reported by the Central Bank of Libya.
Libya Government Budget at 20.80 Percent of GDP  
Libya recorded a Government Budget surplus equal to 20.80 percent of the country's Gross Domestic Product in 2012. Government Budget in Libya is reported by the Central Bank of Lybia.
Libya Imports at 32343.00 LYD Million  
Imports in Libya increased to 32343 LYD Million in 2012 from 13664 LYD Million in 2011. Imports in Libya is reported by the Central Bank of Lybia.
Libya Exports at 76893.00 LYD Million  
Exports in Libya increased to 76893 LYD Million in 2012 from 15843 LYD Million in 2011. Exports in Libya is reported by the Central Bank of Lybia.
Libya Balance of Trade at 44650.00 LYD Million  
Libya recorded a trade surplus of 44650 LYD Million in 2012. Balance of Trade in Libya is reported by the Central Bank of Lybia.
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