Libya GDP Annual Growth Rate  2000-2016 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Libya contracted 6 percent in 2015 from the previous year. GDP Annual Growth Rate in Libya averaged 2.89 percent from 2000 until 2015, reaching an all time high of 104.37 percent in 2012 and a record low of -52.50 percent in 2011.

Libya GDP Annual Growth Rate
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Libya GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -6.00 -23.50 104.37 -52.50 percent [+]
GDP 29.15 41.14 87.14 20.48 USD Billion [+]
GDP Constant Prices 43030.20 79952.60 79952.60 20146.30 LYD Million [+]
GDP per capita 5449.03 6086.82 11933.78 4509.26 USD [+]
GDP per capita PPP 13320.83 14879.99 29173.61 11023.44 USD [+]



Libya GDP Annual Growth Rate Notes

Libya has one of the highest GDP per capita in Africa. Libya’s territory (90 percent of which is a desert) has the largest oil reserves in Africa and one of the largest in the world. As a result, Libya’s economy is highly dependent on oil production which accounts for 94 percent of government revenues. In 2011, as part of the Arab Spring, Libya went through a civil war that ousted the dictatorial regime. During the conflict oil production was disrupted which resulted in a GDP contraction of over 40 percent. Yet, it is expected that with the recovery of oil industry, the high rates of growth will be back. This page provides - Libya GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Libya GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-6.00 -23.50 104.37 -52.50 2000 - 2015 percent Yearly



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