Libya recorded a Current Account surplus of 21.60 percent of the country's Gross Domestic Product in 2021. source: Central Bank of Lybia

Current Account to GDP in Libya averaged 9.47 percent of GDP from 1990 until 2021, reaching an all time high of 55.20 percent of GDP in 2006 and a record low of -41.80 percent of GDP in 2015. This page provides - Libya Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Libya Current Account to GDP - values, historical data and charts - was last updated on November of 2022.

Current Account to GDP in Libya is expected to reach 25.00 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Libya Current Account to GDP is projected to trend around 19.00 percent of GDP in 2023 and 16.00 percent of GDP in 2024, according to our econometric models.

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Libya Current Account to GDP



Related Last Previous Unit Reference
Balance of Trade 3168.60 15848.80 LYD Million Dec 2020
Current Account to GDP 21.60 -20.70 percent of GDP Dec 2021
Current Account -5514.00 6737.10 LYD Million Dec 2020
Exports 14294.50 40640.20 LYD Million Dec 2020
Imports 11125.80 24791.40 LYD Million Dec 2020
Foreign Direct Investment -487.20 376.50 LYD Million Dec 2020

Libya Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
21.60 -20.70 55.20 -41.80 1990 - 2021 percent of GDP Yearly