Libya recorded a government debt equivalent to 16.50 percent of the country's Gross Domestic Product in 2016.

Government Debt to GDP in Libya averaged 11.89 percent from 2003 until 2016, reaching an all time high of 21.20 percent in 2003 and a record low of 6.30 percent in 2008. This page provides - Libya Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Libya Government Debt to GDP - values, historical data and charts - was last updated on October of 2020.

Government Debt to GDP in Libya is expected to reach 45.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Libya Government Debt to GDP is projected to trend around 50.00 percent in 2021 and 34.00 percent in 2022, according to our econometric models.

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Libya Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
16.50 15.30 21.20 6.30 2003 - 2016 percent Yearly

Libya Government Last Previous Highest Lowest Unit
Government Debt to GDP 16.50 15.30 21.20 6.30 percent [+]
Government Budget 3.90 -43.00 38.20 -131.00 percent of GDP [+]
Credit Rating 15.00 [+]
Government Budget Value -11552.20 -9857.20 28625.70 -22271.20 LYD Million [+]
Government Revenues 57365.20 49143.60 72741.20 8845.20 LYD Million [+]
Fiscal Expenditure 45813.00 39286.40 65283.50 23366.50 LYD Million [+]

Libya Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.