Markets Actual Q4 Q1 Q2 Q3 2021
Currency 1.36 1.36 1.37 1.37 1.38 1.39

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 4.00 -45 3.4 3.4 3.4 3.4
Unemployment Rate (%) 17.30 18 18.6 18.6 18.6 18.6
Inflation Rate (%) 1.30 7 4 3.5 4 4
Interest Rate (%) 3.00 3 3 3 3 3
Balance of Trade (LYD Million) 14753.80 -5220 -5220 -5220 -5220 -486
Current Account (LYD Million) 5733.10 -4000 -4000 -4000 -4000 -3.6
Current Account to GDP (%) 33.20 -19.8 -9 -9 -9 -9
Government Debt to GDP (%) 16.50 45 50 50 50 50
Government Budget (% of GDP) 3.90 -140 -125 -125 -125 -125
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 10.00 10 10 10 10 10

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 4.00 -45 3.4 3.4 3.4 3.4
GDP (USD Billion) 52.08 45 51 51 51 51
GDP per capita (USD) 8122.20 6400 7200 7200 7200 7200
GDP per capita PPP (USD) 15174.20 12700 12550 12550 12550 12550

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 17.30 18 18.6 18.6 18.6 18.6
Population (million) 6.78 6.88 6.95 6.95 6.95 6.98

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 1.30 7 4 3.5 4 4
Food Inflation (%) -2.93 -5 -3 1 0.8 0.7
Inflation Rate Mom (%) 1.60 -0.3 0.4 0.6 0.6 0.5
Consumer Price Index CPI (points) 272.10 353 281 278 282 371
Cpi Housing Utilities (points) 175.00 193 186 182 181 202
CPI Transportation (points) 184.50 244 192 188 191 256

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 3.00 3 3 3 3 3
Banks Balance Sheet (LYD Million) 119881.20 125000 128000 130000 130000 130000

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (LYD Million) 14753.80 -5220 -5220 -5220 -5220 -486
Current Account (LYD Million) 5733.10 -4000 -4000 -4000 -4000 -3.6
Current Account to GDP (%) 33.20 -19.8 -9 -9 -9 -9
Imports (LYD Million) 24034.10 22370 22370 22370 22370 22370
Exports (LYD Million) 38787.90 17150 17150 17150 17150 17150
Crude Oil Production (BBL/D/1K) 156.00 1320 1290 1290 1290 1200

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 16.50 45 50 50 50 50
Government Budget (% of GDP) 3.90 -140 -125 -125 -125 -125

Taxes Actual Q4 Q1 Q2 Q3 2021
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.