Markets Actual Q1 Q2 Q3 Q4 2022
Currency 4.44 4.46 4.48 4.49 4.51 4.54

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) 4.00 30 30 3 3 7
Unemployment Rate (%) 17.30 18.6 18.6 18.6 18.6 19.4
Inflation Rate (%) 1.30 4 3.5 4 4 3
Interest Rate (%) 3.00 3 3 3 3 3
Balance of Trade (LYD Million) 14753.80 -5220 -5220 -5220 -486 -5220
Current Account (LYD Million) 5733.10 -4000 -4000 -4000 -3.6 -3.6
Current Account to GDP (%) 33.20 -9 -9 -9 -9 -3
Government Debt to GDP (%) -0.20 -15 -15 -15 -15 -12
Government Budget (% of GDP) 3.90 -125 -125 -125 -125 -80
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 10.00 10 10 10 10 10

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) 4.00 30 30 3 3 7
GDP (USD Billion) 52.08 51 51 51 51 52
GDP per capita (USD) 8122.20 7200 7200 7200 7200 7350
GDP per capita PPP (USD) 15174.20 12550 12550 12550 12550 13000

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 17.30 18.6 18.6 18.6 18.6 19.4
Population (million) 6.78 6.95 6.95 6.95 6.98 7.08

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 1.30 4 3.5 4 4 3
Food Inflation (%) -2.93 -3 1 0.8 0.7 2
Inflation Rate Mom (%) 1.60 0.4 0.6 0.6 0.5 1
Consumer Price Index CPI (points) 272.10 353 281 278 371 371
Cpi Housing Utilities (points) 175.00 193 186 182 202 202
CPI Transportation (points) 184.50 244 192 188 256 256

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 3.00 3 3 3 3 3
Banks Balance Sheet (LYD Million) 119881.20 128000 130000 130000 130000 126000

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (LYD Million) 14753.80 -5220 -5220 -5220 -486 -5220
Current Account (LYD Million) 5733.10 -4000 -4000 -4000 -3.6 -3.6
Current Account to GDP (%) 33.20 -9 -9 -9 -9 -3
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) 1224.00 1290 1290 1290 1200 1150

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) -0.20 -15 -15 -15 -15 -12
Government Budget (% of GDP) 3.90 -125 -125 -125 -125 -80

Taxes Actual Q1 Q2 Q3 Q4 2022
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.