Libya recorded a Current Account surplus of 1.50 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Libya averaged 8.82 percent from 1990 until 2018, reaching an all time high of 55.20 percent in 2006 and a record low of -41.80 percent in 2015. This page provides - Libya Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Current Account to GDP in Libya is expected to be -7.50 percent by the end of this quarter, 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 -5.30 percent in 2020, according to our econometric models.

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Libya Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
1.50 8.40 55.20 -41.80 1990 - 2018 percent Yearly

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.