Financial system deposits to GDP in Libya

Libya: Financial system deposits to GDP was 32.9% in 2021. ◆ Volatile

Latest (2021)
32.9%
Change on year
down 88.9%
World rank
132nd
of 183 countries
All-time high
295.3%
in 2020
All-time low
2.8%
in 1969
Years of data
59
1963–2021

Financial system deposits to GDP in Libya, 1963–2021

0100200300196319922021

Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.

Analysis

In 2021, financial system deposits to gdp in Libya stood at 32.9%.

Compared with earlier readings it is down 88.9% on the previous year and down 67.2% over ten years.

Over the whole period, financial system deposits to gdp in Libya peaked at 295.3% in 2020 and was at its lowest, 2.8%, in 1969.

Libya ranks 132nd of 183 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1960s 3.7% 2.8% 5.1% 7
1970s 10.7% 4.3% 13.3% 10
1980s 29.8% 16.3% 44.4% 10
1990s 39.4% 33.7% 46.3% 10
2000s 29.4% 18.9% 55.8% 10
2010s 128.9% 41.9% 242.1% 10
2020s 164.1% 32.9% 295.3% 2

Countries ranked near Libya

  1. 129 Mexico 35.0% compare
  2. 130 Senegal 34.9% compare
  3. 131 Nicaragua 33.1% compare
  4. 133 Solomon Islands 32.9% compare
  5. 134 Pakistan 32.0% compare
  6. 135 Kazakhstan 31.0% compare

See the full ranking of 184 places →

More financial sector data for Libya

All data for Libya →

Frequently asked questions

What is financial system deposits to gdp in Libya?
Financial system deposits to gdp in Libya was 32.9% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
What is the highest financial system deposits to gdp recorded in Libya?
The highest recorded value was 295.3% in 2020.
What is the lowest financial system deposits to gdp recorded in Libya?
The lowest recorded value was 2.8% in 1969.
How does Libya rank for financial system deposits to gdp?
Libya ranks 132nd out of 183 countries with data for 2021.
Is financial system deposits to gdp rising or falling in Libya?
Over the last ten years it is down 67.2%. The long-run trend across the full record is volatile.
Where does this Libya data come from?
The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.

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About this data

Indicator
Financial system deposits to GDP (%)
Unit
%
Source
International Financial Statistics (IFS), International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
184 places, 8,581 data points, 1960–2021
Last refreshed

Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).