Markets Actual Q2 Q3 Q4 Q1 2022
Currency 4.48 4.5 4.51 4.53 4.54 4.57

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -60.30 30 3 3 7 7
Unemployment Rate (%) 18.63 20 20 20 19.4 19.4
Inflation Rate (%) 2.80 3.5 4 3.6 2.9 3
Interest Rate (%) 3.00 3 3 3 3 3
Balance of Trade (LYD Million) 14753.80 -5220 -5220 -486 -486 -5220
Current Account (LYD Million) 5733.10 -4000 -4000 -3.6 -3.6 -3.6
Current Account to GDP (%) 9.30 -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 Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -60.30 30 3 3 7 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 Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 18.63 20 20 20 19.4 19.4
Population (million) 6.78 6.95 6.95 6.98 6.98 7.08

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 2.80 3.5 4 3.6 2.9 3
Food Inflation (%) 3.15 1 0.8 0.7 0.7 2
Inflation Rate Mom (%) 0.40 0.6 0.6 0.5 0.5 1
Consumer Price Index CPI (points) 270.10 276 278 371 280 288
Cpi Housing Utilities (points) 175.70 180 181 202 182 187
CPI Transportation (points) 185.70 187 191 256 192 198

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 3.00 3 3 3 3 3
Banks Balance Sheet (LYD Million) 126107.90 130000 130000 130000 130000 126000

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (LYD Million) 14753.80 -5220 -5220 -486 -486 -5220
Current Account (LYD Million) 5733.10 -4000 -4000 -3.6 -3.6 -3.6
Current Account to GDP (%) 9.30 -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) 1283.00 1290 1290 1200 1200 1150

Government Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 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.