Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.41 1.41 1.41 1.41 1.42 1.43
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 10.90 1.5 1.5 1.5 1.5 -0.7
Unemployment Rate (%) 17.30 17.6 17.6 17.6 17.6 18
Inflation Rate (%) -6.00 -3.8 -2.5 -1.4 1 3.5
Interest Rate (%) 3.00 3 3 3 3 3
Balance of Trade (LYD Million) 22268.30 -4259 -5220 -5220 -4740 -5220
Current Account (LYD Million) 15198.30 -4000 -4000 -4000 -4000 -3.6
Current Account to GDP (%) 1.50 -7.5 -7.5 -7.5 -7.5 -4
Government Debt to GDP (%) 16.50 11 11 11 11 10
Government Budget (% of GDP) 3.90 -5 -5 -5 -5 -10
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 10.90 1.5 1.5 1.5 1.5 -0.7
GDP (USD Billion) 48.32 54.1 54.1 54.1 54.1 60
GDP per capita (USD) 7529.00 6800 6800 6800 6800 7200
GDP per capita PPP (USD) 18405.50 19800 19800 19800 19800 20600
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 17.30 17.6 17.6 17.6 17.6 18
Population (million) 6.68 6.85 6.85 6.85 6.88 6.98
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) -6.00 -3.8 -2.5 -1.4 1 3.5
Food Inflation (%) -8.43 -6.9 -4 2 3.5 4.6
Consumer Price Index Cpi (points) 262.20 254 258 259 265 274
Cpi Housing Utilities (points) 173.50 150 169 171 175 181
CPI Transportation (points) 181.70 176 182 179 184 190
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 3.00 3 3 3 3 3
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (LYD Million) 22268.30 -4259 -5220 -5220 -4740 -5220
Current Account (LYD Million) 15198.30 -4000 -4000 -4000 -4000 -3.6
Current Account to GDP (%) 1.50 -7.5 -7.5 -7.5 -7.5 -4
Imports (LYD Million) 14673.10 22993 22370 22370 22370 22370
Exports (LYD Million) 26221.70 18733 17150 17150 17150 17150
Crude Oil Production (BBL/D/1K) 1139.00 875 875 875 825 825
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 16.50 11 11 11 11 10
Government Budget (% of GDP) 3.90 -5 -5 -5 -5 -10
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
Social Security Rate (%) 15.00 15 15 15 15 15
Social Security Rate For Companies (%) 11.25 11.25 11.25 11.25 11.25 11.25
Social Security Rate For Employees (%) 3.75 3.75 3.75 3.75 3.75 3.75


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.