Markets Actual Q2 Q3 Q4 Q1 2021
Currency 1.40 1.4 1.4 1.41 1.41 1.42

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 4.00 -60 -60 -60 80 80
Unemployment Rate (%) 17.30 18 18 18 18.6 18.6
Inflation Rate (%) 0.90 3.5 4 5 3.5 5.4
Interest Rate (%) 3.00 3 3 3 3 3
Balance of Trade (LYD Million) 21897.10 -5220 -5220 -4740 -5220 -5220
Current Account (LYD Million) 15389.50 -4000 -4000 -4000 -4000 -3.6
Current Account to GDP (%) -0.20 -6 -6 -6 -4 -4
Government Debt to GDP (%) 16.50 45 45 45 50 50
Government Budget (% of GDP) 3.90 -140 -140 -140 -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 Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 4.00 -60 -60 -60 80 80
GDP (USD Billion) 56.30 54.1 54.1 54.1 60 60
GDP per capita (USD) 7529.00 6800 6800 6800 7200 7200
GDP per capita PPP (USD) 18405.50 19800 19800 19800 17824 20600

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 17.30 18 18 18 18.6 18.6
Population (million) 6.78 6.85 6.85 6.88 6.95 6.98

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 0.90 3.5 4 5 3.5 5.4
Food Inflation (%) 0.89 4.3 5 5.6 4.4 6
Consumer Price Index Cpi (points) 262.70 274 273 275 271 290
Cpi Housing Utilities (points) 173.80 179 180 182 180 192
CPI Transportation (points) 179.50 193 189 191 188 201

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 3.00 3 3 3 3 3

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (LYD Million) 21897.10 -5220 -5220 -4740 -5220 -5220
Current Account (LYD Million) 15389.50 -4000 -4000 -4000 -4000 -3.6
Current Account to GDP (%) -0.20 -6 -6 -6 -4 -4
Imports (LYD Million) 18815.40 22370 22370 22370 22370 22370
Exports (LYD Million) 40712.50 17150 17150 17150 17150 17150
Crude Oil Production (BBL/D/1K) 82.00 1250 1300 1320 1290 1200

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

Taxes Actual Q2 Q3 Q4 Q1 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.