Libya Current Account to GDP
Libya recorded a Current Account surplus of 2 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Libya averaged 13.79 Percent from 1990 until 2013, reaching an all time high of 55.20 Percent in 2006 and a record low of -4.45 Percent in 1993. Current Account to GDP in Libya is reported by the Central Bank of Lybia.
||1990 - 2013
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.