Domestic credit to private sector in Libya
Libya: Domestic credit to private sector was 16.6% in 2020. ▼ Falling
Domestic credit to private sector in Libya, 1990–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
In 2020, domestic credit to private sector in Libya stood at 16.6%.
That represents a change of up 42.5% on the previous year and up 79.6% over ten years.
Over the whole period, domestic credit to private sector in Libya peaked at 32.5% in 1995 and was at its lowest, 6.0%, in 2006.
That places Libya 153rd out of 187 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Domestic credit to private sector in Libya, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 30.4% | — |
| 1991 | 28.4% | -6.6% |
| 1992 | 28.8% | +1.2% |
| 1993 | 32.2% | +12.1% |
| 1994 | 32.4% | +0.6% |
| 1995 | 32.5% | +0.4% |
| 1996 | 23.7% | -27.2% |
| 1997 | 22.0% | -7.0% |
| 1998 | 24.6% | +11.6% |
| 1999 | 23.9% | -2.5% |
| 2000 | 20.5% | -14.5% |
| 2001 | 19.6% | -4.2% |
| 2002 | 17.2% | -12.3% |
| 2003 | 12.8% | -25.7% |
| 2004 | 10.3% | -19.1% |
| 2005 | 7.4% | -28.6% |
| 2006 | 6.0% | -18.6% |
| 2007 | 6.2% | +2.4% |
| 2008 | 7.3% | +18.6% |
| 2009 | 11.2% | +53.1% |
| 2010 | 9.3% | -17.2% |
| 2011 | 14.2% | +53.1% |
| 2012 | 9.3% | -34.2% |
| 2013 | 13.7% | +47.1% |
| 2014 | 19.3% | +40.6% |
| 2015 | 21.5% | +11.4% |
| 2016 | 18.9% | -12.3% |
| 2017 | 13.0% | -31.2% |
| 2018 | 11.1% | -14.3% |
| 2019 | 11.7% | +4.9% |
| 2020 | 16.6% | +42.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 27.9% | 22.0% | 32.5% | 10 |
| 2000s | 11.8% | 6.0% | 20.5% | 10 |
| 2010s | 14.2% | 9.3% | 21.5% | 10 |
| 2020s | 16.6% | 16.6% | 16.6% | 1 |
Countries ranked near Libya
- 150 Papua New Guinea 18.2% compare
- 151 Ethiopia 17.7% compare
- 152 Liberia 17.0% compare
- 154 Guinea-Bissau 16.2% compare
- 155 Madagascar 16.2% compare
- 156 Somalia 16.0%
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 domestic credit to private sector in Libya?
- Domestic credit to private sector in Libya was 16.6% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Libya?
- The highest recorded value was 32.5% in 1995.
- What is the lowest domestic credit to private sector recorded in Libya?
- The lowest recorded value was 6.0% in 2006.
- How does Libya rank for domestic credit to private sector?
- Libya ranks 153rd out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Libya?
- Over the last ten years it is up 79.6%. The long-run trend across the full record is falling.
- Where does this Libya data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.