Current account balance (credit less debit), Net (credits less) in Libya
Libya: Current account balance (credit less debit), Net (credits less) was 1.86 billion in 2023. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Libya, 2005–2023
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.
Current account balance (credit less debit), Net (credits less) in Libya, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 14.95 billion | — |
| 2006 | 22.17 billion | +48.3% |
| 2007 | 28.51 billion | +28.6% |
| 2008 | 35.70 billion | +25.2% |
| 2009 | 9.38 billion | -73.7% |
| 2010 | 16.80 billion | +79.1% |
| 2011 | 3.19 billion | -81.0% |
| 2012 | 23.84 billion | +646.7% |
| 2013 | 9.60 million | -100.0% |
| 2014 | -19.03 billion | -198363.5% |
| 2015 | -9.35 billion | -50.9% |
| 2016 | -4.71 billion | -49.7% |
| 2017 | 4.43 billion | -194.1% |
| 2018 | 11.28 billion | +154.7% |
| 2019 | 4.82 billion | -57.3% |
| 2020 | -4.78 billion | -199.2% |
| 2021 | 5.68 billion | -218.7% |
| 2022 | 9.61 billion | +69.3% |
| 2023 | 1.86 billion | -80.6% |
Libya compared with similar countries
- Libya's 1.86 billion is above the median for upper middle income countries, which is -494.28 million. (54 countries reporting)
- Libya's 1.86 billion is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 94.83 million, 19.7× the median. (20 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) in Libya changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2014 | -198363.5% | 9.60 million | -19.03 billion |
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
More financial sector data for Libya
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0116 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 74.95 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0085 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 54.73 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0116 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 74.95 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (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.