Libya | Economic Forecasts | 2016-2020 Outlook

MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.43 1.47 1.48 1.5 1.51 1.73 [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Annual Growth Rate -6.00 1.9 2.1 2.9 3.6 4.1 percent [+]
GDP 29.15 40.46 40.5 40.54 40.57 39.86 USD Billion [+]
GDP Constant Prices 43030.20 33424 30151 26879 23606 37820 LYD Million [+]
GDP per capita 5449.03 6581 6728 6875 7023 5878 USD [+]
GDP per capita PPP 13320.83 16088 16448 16808 17168 14370 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 19.50 18.91 18.33 17.74 17.16 20.2 percent [+]
Population 6.28 6.28 6.29 6.31 6.32 6.67 million [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 29.40 30 29.2 28.4 27 19 percent [+]
GDP Deflator 211.10 206 208 209 210 211 Index Points [+]
Food Inflation 34.80 36.16 36.18 36.19 36.2 36.2 percent [+]
Cpi Transportation 184.10 180 180 180 180 180 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 3.00 3 3 3 3 3 percent [+]
Money Supply M0 51801.60 52507 53569 54631 55693 68433 LYD Million [+]
Deposit Interest Rate 2.50 2.5 2.5 2.5 2.5 2.5 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -7687.60 -22800 -22800 -12445 -13532 -5498 LYD Million [+]
Exports 14996.90 25970 21885 17799 13714 21768 LYD Million [+]
Imports 22684.50 57500 57500 33262 35196 38979 LYD Million [+]
Current Account -13404.40 -7832 -6120 -4407 -2694 4120 LYD Million [+]
Current Account to GDP -17.50 -18.46 -21.24 -24.03 -26.81 -9.65 percent [+]
Capital Flows -5209.50 -6117 -3851 -1586 680 -109 LYD Million [+]
Gold Reserves 116.64 117 117 117 117 117 Tonnes [+]
Crude Oil Production 675.00 677 695 701 703 704 BBL/D/1K [+]
Terrorism Index 7.28 6.92 6.76 6.6 6.43 1.61 [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 15.30 5.66 6.12 6.59 7.06 6.57 percent [+]
Government Budget -54.60 -18.3 -19.58 -20.86 -22.14 -0.06 percent of GDP [+]
Military Expenditure 3288.80 3312 3319 3326 3382 4211 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Steel Production 50.00 42.78 41.13 40.88 40.84 40.84 Thousand Tonnes [+]
Ease Of Doing Business 188.00 188 188 188 188 188 [+]
Competitiveness Index 3.48 3.56 3.58 3.59 3.61 3.38 Points [+]
Competitiveness Rank 126.00 113 113 112 112 99.55 [+]
Corruption Index 16.00 17.69 17.57 17.46 17.35 18.85 Points [+]
Corruption Rank 170.00 162 159 156 153 135 [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 20.00 20 20 20 20 20 percent [+]
Personal Income Tax Rate 10.00 10 10 10 10 10 percent [+]
Social Security Rate 15.00 15 15 15 15 15 percent [+]
Social Security Rate For Companies 11.25 11.25 11.25 11.25 11.25 11.25 percent [+]
Social Security Rate For Employees 3.75 3.75 3.75 3.75 3.75 3.75 percent [+]





Economic Forecasts for Libya including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Libya economy. 2/28/2017