Libya | Economic Forecasts | 2016-2020 Outlook

MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 1.42 1.42 1.44 1.45 1.47 1.69 [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Annual Growth Rate -6.00 -1.12 1.9 2.1 2.9 4.1 percent [+]
GDP 29.15 40.57 40.95 41.33 41.7 39.86 USD Billion [+]
GDP Constant Prices 43030.20 23606 28614 33621 38628 37820 LYD Million [+]
GDP per capita 5449.03 7023 6660 6298 5936 5878 USD [+]
GDP per capita PPP 13320.83 17168 16282 15396 14511 14370 USD [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 19.50 17.16 16.57 15.99 15.4 20.2 percent [+]
Population 6.28 6.32 6.34 6.36 6.37 6.67 million [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 27.40 28.7 30 29.2 28.4 19 percent [+]
GDP Deflator 211.10 210 210 210 211 211 Index Points [+]
Food Inflation 34.80 36.01 36.16 36.18 36.19 36.2 percent [+]
Cpi Transportation 179.10 180 180 180 180 180 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 3.00 3 3 3 3 3 percent [+]
Money Supply M0 49797.40 51445 52507 53569 54631 68433 LYD Million [+]
Deposit Interest Rate 2.50 2.5 2.5 2.5 2.5 2.5 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -7687.60 -13532 -22800 -22800 4666 -5498 LYD Million [+]
Exports 14996.90 13714 17088 20463 23837 21768 LYD Million [+]
Imports 22684.50 57500 57500 57500 43429 38979 LYD Million [+]
Current Account -13404.40 -2470 -2058 -1645 -1233 1912 LYD Million [+]
Current Account to GDP -17.50 -26.81 -21.21 -15.6 -10 -9.65 percent [+]
Capital Flows -5209.50 680 -1905 -4489 -7073 -109 LYD Million [+]
Gold Reserves 116.64 117 117 117 117 117 Tonnes [+]
Crude Oil Production 528.00 596 663 686 693 697 BBL/D/1K [+]
Terrorism Index 7.28 6.43 6.12 5.81 5.49 1.61 [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 6.10 7.06 6.88 6.71 6.53 6.57 percent [+]
Government Budget -49.10 -22.14 -19.25 -16.37 -13.49 -0.06 percent of GDP [+]
Military Expenditure 3288.80 3312 3319 3326 3382 4211 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Steel Production 19.37 31.28 34.07 34.56 34.63 34.65 Thousand Tonnes [+]
Ease Of Doing Business 188.00 188 188 188 188 188 [+]
Competitiveness Index 3.48 3.61 3.57 3.54 3.51 3.38 Points [+]
Competitiveness Rank 126.00 112 114 116 118 99.55 [+]
Corruption Index 16.00 17.35 17.43 17.51 17.58 18.85 Points [+]
Corruption Rank 161.00 153 152 150 149 135 [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/8/2016