Libya recorded a Government Budget surplus equal to 3.10 percent of the country's Gross Domestic Product in 2022. source: Central Bank of Lybia

Government Budget in Libya averaged 3.48 percent of GDP from 2003 until 2022, 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 June of 2023.

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Libya Government Budget



Related Last Previous Unit Reference
Government Debt to GDP 155.00 110.00 percent of GDP Dec 2020
Government Budget 3.10 11.30 percent of GDP Dec 2022

Libya Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
3.10 11.30 38.20 -30.50 2003 - 2022 percent of GDP Yearly