Libya recorded a Government Budget surplus equal to 11.30 percent of the country's Gross Domestic Product in 2021. source: Central Bank of Lybia
Government Budget in Libya averaged 3.50 percent of GDP from 2003 until 2021, reaching an all time high of 38.20 percent of GDP in 2005 and a record low of -30.50 percent of GDP in 2014. This page provides - Libya Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Libya Government Budget - values, historical data and charts - was last updated on December of 2022.
Government Budget in Libya is expected to reach 20.00 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Libya Government Budget is projected to trend around 17.00 percent of GDP in 2023 and -7.00 percent of GDP in 2024, according to our econometric models.