GDP Growth Rate
Year -
1.90%
In 2024, Libya experienced a significant a decrease in its GDP growth rate, which fall to 1.90% from 10.20% in 2023. Additionally, the GDP per capita growth rate in Libya decrease to 0.86% in 2024, compared to 8.97% in 2023.
In 2024, Libya experienced a decrease in economic performance, with the GDP growth rate falling by 8.3%. Additionally, the GDP per capita growth rate decrease by 8.11%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 9.9% | 9.90% | 5.46% | 5.46% |
| 1962 | 32.52% | 22.62% | 27.11% | 21.65% |
| 1963 | 35.02% | 2.50% | 29.55% | 2.44% |
| 1964 | 45.07% | 10.05% | 39.84% | 10.29% |
| 1965 | 28.15% | -16.92% | 24.57% | -15.27% |
| 1966 | 18.59% | -9.56% | 15.7% | -8.87% |
| 1967 | 11.11% | -7.48% | 8.23% | -7.47% |
| 1968 | 33.86% | 22.75% | 30.12% | 21.89% |
| 1969 | 13.09% | -20.77% | 9.63% | -20.49% |
| 1970 | 4.95% | -8.14% | 1.51% | -8.12% |
| 1971 | -5.28% | -10.23% | -8.4% | -9.91% |
| 1972 | 9.13% | 14.41% | 5.57% | 13.97% |
| 1973 | 1.94% | -7.19% | -1.94% | -7.51% |
| 1974 | 22.19% | 20.25% | 16.26% | 18.20% |
| 1975 | 4.03% | -18.16% | -1.61% | -17.87% |
| 1976 | 22.88% | 18.85% | 16.12% | 17.73% |
| 1977 | 8.85% | -14.03% | 2.8% | -13.32% |
| 1978 | 3.3% | -5.55% | -2.48% | -5.28% |
| 1979 | 8.96% | 5.66% | 2.85% | 5.33% |
| 1980 | 0.69% | -8.27% | -4.92% | -7.77% |
| 1981 | -19.19% | -19.88% | -23.59% | -18.67% |
| 1982 | 2.81% | 22.00% | -0.04% | 23.55% |
| 1983 | -2.47% | -5.28% | -2.32% | -2.28% |
| 1984 | -5.04% | -2.57% | -6.42% | -4.10% |
| 1985 | 8.33% | 13.37% | 4.85% | 11.27% |
| 1986 | -11.35% | -19.68% | -13.97% | -18.82% |
| 1987 | -14.7% | -3.35% | -17.02% | -3.05% |
| 1988 | 7.58% | 22.28% | 4.84% | 21.86% |
| 1989 | 7.2% | -0.38% | 4.6% | -0.24% |
| 1990 | 3.72% | -3.48% | 1.33% | -3.27% |
| 1991 | 15.66% | 11.94% | 13.13% | 11.80% |
| 1992 | -2.71% | -18.37% | -4.72% | -17.85% |
| 1993 | -3.76% | -1.05% | -5.65% | -0.93% |
| 1994 | 1.93% | 5.69% | 0.05% | 5.70% |
| 1995 | -2.22% | -4.15% | -3.91% | -3.96% |
| 1996 | 2.13% | 4.35% | 0.48% | 4.39% |
| 1997 | 5.21% | 3.08% | 3.61% | 3.13% |
| 1998 | -3.55% | -8.76% | -4.98% | -8.59% |
| 1999 | 0.75% | 4.30% | -0.74% | 4.24% |
| 2000 | 3.68% | 2.93% | 1.98% | 2.72% |
| 2001 | -1.76% | -5.44% | -3.56% | -5.54% |
| 2002 | -0.96% | 0.80% | -2.84% | 0.72% |
| 2003 | 13.02% | 13.98% | 10.78% | 13.62% |
| 2004 | 4.46% | -8.56% | 2.33% | -8.45% |
| 2005 | 11.87% | 7.41% | 9.54% | 7.21% |
| 2006 | 6.5% | -5.37% | 4.34% | -5.20% |
| 2007 | 6.23% | -0.27% | 4.07% | -0.27% |
| 2008 | -0.16% | -6.39% | -2.26% | -6.33% |
| 2009 | -4.4% | -4.24% | -6.37% | -4.11% |
| 2010 | 5.03% | 9.43% | 2.91% | 9.28% |
| 2011 | -50.34% | -55.37% | -49.13% | -52.04% |
| 2012 | 86.83% | 137.17% | 91.78% | 140.91% |
| 2013 | -18% | -104.83% | -19.63% | -111.41% |
| 2014 | -23.04% | -5.04% | -24.51% | -4.88% |
| 2015 | -0.84% | 22.20% | -2.43% | 22.08% |
| 2016 | -1.49% | -0.65% | -2.98% | -0.55% |
| 2017 | 32.49% | 33.98% | 30.4% | 33.38% |
| 2018 | 7.94% | -24.55% | 6.2% | -24.20% |
| 2019 | -11.2% | -19.14% | -12.5% | -18.70% |
| 2020 | -29.46% | -18.26% | -30.4% | -17.90% |
| 2021 | 28.3% | 57.76% | 26.69% | 57.09% |
| 2022 | -8.3% | -36.60% | -9.42% | -36.11% |
| 2023 | 10.2% | 18.50% | 8.97% | 18.39% |
| 2024 | 1.9% | -8.30% | 0.86% | -8.11% |