Libya - Economic Forecasts - 2018-2020 Outlook

This page has 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.


MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 1.38
1.38 1.39 1.39 1.4 1.41
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 55.00
percent
20 20 15 15 10
GDP 50.98
USD Billion
55.8 55.8 56.3 56.3 59.1
GDP Constant Prices 20388.20
LYD Million
24466 24466 23446 23446 30949
GDP per capita 7314.62
USD
7982 7982 8182 8182 8254
GDP per capita PPP 17881.50
USD
14965 15079 21532 21532 15747
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 17.70
percent
17.5 17.5 17 17 16.5
Population 6.37
million
6.45 6.45 6.53 6.53 6.69
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 12.10
percent
13 14 13 12 11
GDP Deflator 211.10
Index Points
178 175 172 168 191
Food Inflation 18.30
percent
15 15 17 18 10
Consumer Price Index Cpi 322.60
Index Points
345 380 364 361 469
Cpi Housing Utilities 172.80
Index Points
196 199 195 194 245
CPI Transportation 218.50
Index Points
245 254 246 245 314
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 3.00
percent
3 3 3 3 3
Money Supply M0 68001.80
LYD Million
69882 71889 73878 75846 94337
Deposit Interest Rate 2.50
percent
2.5 2.5 2.5 2.5 2.5
Money Supply M1 116158.70
LYD Million
120483 123801 127088 130346 161325
Money Supply M2 118768.20
LYD Million
123253 126784 130236 133623 164086
Banks Balance Sheet 125375.60
LYD Million
127026 128836 130643 132450 150515
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 6712.00
LYD Million
-2377 -4259 -4362 -4259 -486
Exports 19885.00
LYD Million
18186 16768 17751 18733 18391
Imports 13173.00
LYD Million
20564 21232 22112 22993 18877
Current Account 1337.00
LYD Million
-2108 -5425 -6135 -6845 -6958
Current Account to GDP 2.20
percent
-25 -25 -19 -19 -16
Capital Flows -530.00
LYD Million
-5569 -5253 -5459 -5665 -7790
Gold Reserves 116.60
Tonnes
117 117 117 117 117
Crude Oil Production 708.00
BBL/D/1K
680 650 655 648 649
Terrorism Index 7.26
7.29 7.28 7.31 7.34 7.59
Foreign Direct Investment -153.00
LYD Million
-380 112 -20.21 -152 -272
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 16.50
percent
15 15 13 13 11
Government Budget -43.00
percent of GDP
-41.63 -40.61 -40.21 -39.82 -44.45
Military Expenditure 4801.30
USD Million
5147 5038 4968 4899 3110
Government Budget Value -10354.40
LYD Million
-28198 -28416 -31122 -33827 -39326
Government Revenues 22337.60
LYD Million
16629 16282 16776 17269 17823
Fiscal Expenditure 32692.00
LYD Million
42261 42267 42284 42301 42335
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Steel Production 35.00
Thousand Tonnes
35.7 35.93 35.96 35.96 35.96
Ease Of Doing Business 185.00
186 185 185 185 185
Competitiveness Index 3.48
Points
3.65 3.63 3.62 3.61 3.72
Competitiveness Rank 126.00
112 112 114 116 98
Corruption Index 17.00
Points
16 16 16 15 15
Corruption Rank 171.00
169 170 171 172 174
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 20.00
percent
20 20 20 20 20
Personal Income Tax Rate 10.00
percent
10 10 10 10 10
Social Security Rate 15.00
percent
15 15 15 15 15
Social Security Rate For Companies 11.25
percent
11.25 11.25 11.25 11.25 11.25
Social Security Rate For Employees 3.75
percent
3.75 3.75 3.75 3.75 3.75
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 29.87
celsius
29.31 18.47 15.03 24.96 22.81