Current account balance (credit less debit), Net (credits less debits) in Libya
Libya: Current account balance (credit less debit), Net (credits less debits) was 1.86 billion in 2023. β Volatile
Current account balance (credit less debit), Net (credits less debits) in Libya, 2005β2023
Source: International Monetary Fund.
Analysis
In 2023, current account balance (credit less debit), net (credits less debits) in Libya stood at 1.86 billion.
That represents a change of down 80.6% on the previous year and up 19,322.9% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Libya peaked at 35.70 billion in 2008 and was at its lowest, -19.03 billion, in 2014.
Libya ranks 46th of 198 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22.14 billion | 9.38 billion | 35.70 billion | 5 |
| 2010s | 3.13 billion | -19.03 billion | 23.84 billion | 10 |
| 2020s | 3.09 billion | -4.78 billion | 9.61 billion | 4 |
Countries ranked near Libya
- 43 Guyana 2.35 billion compare
- 44 Bahrain, Kingdom of 2.28 billion compare
- 45 Brunei Darussalam 2.23 billion compare
- 47 Malta 1.78 billion compare
- 48 Congo, Republic of 1.72 billion compare
- 49 Ghana 1.68 billion compare
More financial sector data for Libya
- Net domestic credit (current LCU), per capita 7,742 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 1.2 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 33.1 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 165.03 million SDR (2025)
- Gold reserves at market value 15.04 billion SDR (2025)
- Reserves excluding gold, foreign exchange 57.67 billion SDR (2025)
- Reserves excluding gold 61.38 billion SDR (2025)
- Total reserves (gold at market value) 76.42 billion SDR (2025)
- Total reserves (gold at national valuation) 62.92 billion SDR (2025)
- Domestic credit to private sector by banks 12.3% (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Libya?
- Current account balance (credit less debit), net (credits less debits) in Libya was 1.86 billion in 2023, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Libya?
- The highest recorded value was 35.70 billion in 2008.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Libya?
- The lowest recorded value was -19.03 billion in 2014.
- How does Libya rank for current account balance (credit less debit), net (credits less debits)?
- Libya ranks 46th out of 198 countries with data for 2023.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Libya?
- Over the last ten years it is up 19,322.9%. The long-run trend across the full record is volatile.
- Where does this Libya data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.