The gross domestic product (GDP) in current prices in Libya was forecast to continuously increase between 2024 and 2029 by in total 9.9 billion U.S. dollars (+22.09 percent). According to this forecast, in 2029, the GDP will have increased for the eighth consecutive year to 54.7 billion U.S. dollars. This indicator describes the gross domestic product at current prices, consistent with the definition given by the International Monetary Fund. This means that the values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.
Find more key insights for the gross domestic product (GDP) in current prices in countries like Sudan, Algeria, and Tunisia.
Libya: Gross domestic product (GDP) in current prices from 1989 to 2029
(in billion U.S. dollars)
Characteristic
Gross domestic product in billion U.S. dollars
2029*
54.7
2028*
53.03
2027*
51.5
2026*
50.34
2025*
48
2024*
44.81
2023*
43.96
2022
43.28
2021
35.22
2020
46.89
2019
69.24
2018
76.68
2017
67.15
2016
49.91
2015
48.72
2014
57.38
2013
75.36
2012
92.54
2011
48.17
2010
75.38
2009
60.77
2008
86.8
2007
68.21
2006
60.09
2005
48.85
2004
34.05
2003
27.03
2002
21.13
2001
35.21
2000
39.5
1999
37.13
1998
30.92
1997
37.7
1996
36.83
1995
33.74
1994
29.72
1993
31.91
1992
35.46
1991
34.99
1990
31.63
1989
27.45
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IMF. (October 22, 2024). Libya: Gross domestic product (GDP) in current prices from 1989 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/455600/gross-domestic-product-gdp-in-libya/
IMF. "Libya: Gross domestic product (GDP) in current prices from 1989 to 2029 (in billion U.S. dollars)." Chart. October 22, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/455600/gross-domestic-product-gdp-in-libya/
IMF. (2024). Libya: Gross domestic product (GDP) in current prices from 1989 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/455600/gross-domestic-product-gdp-in-libya/
IMF. "Libya: Gross Domestic Product (Gdp) in Current Prices from 1989 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/455600/gross-domestic-product-gdp-in-libya/
IMF, Libya: Gross domestic product (GDP) in current prices from 1989 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/455600/gross-domestic-product-gdp-in-libya/ (last visited November 21, 2024)
Libya: Gross domestic product (GDP) in current prices from 1989 to 2029 (in billion U.S. dollars) [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/455600/gross-domestic-product-gdp-in-libya/