Libya recorded a Current Account surplus of 21.60 percent of the country's Gross Domestic Product in 2021. source: Central Bank of Lybia

Current Account to GDP in Libya averaged 9.47 percent of GDP from 1990 until 2021, reaching an all time high of 55.20 percent of GDP in 2006 and a record low of -41.80 percent of GDP in 2015. This page provides - Libya Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Libya Current Account to GDP - values, historical data and charts - was last updated on June of 2023.

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Libya Current Account to GDP



Related Last Previous Unit Reference
Balance of Trade 65728.30 227.20 LYD Million Dec 2021
Current Account to GDP 21.60 -20.70 percent of GDP Dec 2021
Current Account 24538.90 -6644.60 LYD Million Dec 2021
Exports 142992.90 12942.90 LYD Million Dec 2021
Imports 77264.60 12715.70 LYD Million Dec 2021
Foreign Direct Investment -1055.70 -487.20 LYD Million Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
21.60 -20.70 55.20 -41.80 1990 - 2021 percent of GDP Yearly