Net errors and omissions, Net (credits less debits), Adjusted using in Libya
Libya: Net errors and omissions, Net (credits less debits), Adjusted using was 759.94 million in 2023. ◆ Volatile
Net errors and omissions, Net (credits less debits), Adjusted using in Libya, 2005–2023
Source: International Monetary Fund.
Analysis
Libya recorded 759.94 million for net errors and omissions, net (credits less debits), adjusted using in 2023.
The figure is down 45.9% on the previous year and up 130.3% over ten years.
Over the whole period, net errors and omissions, net (credits less debits), adjusted using in Libya peaked at 2.55 billion in 2011 and was at its lowest, -2.60 billion, in 2021.
Libya ranks 38th of 197 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions, Net (credits less debits), Adjusted using in Libya, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -1.50 billion | — |
| 2006 | 2.01 billion | -234.1% |
| 2007 | 1.08 billion | -46.4% |
| 2008 | -1.71 billion | -259.3% |
| 2009 | 1.33 billion | -177.7% |
| 2010 | -2.29 billion | -272.0% |
| 2011 | 2.55 billion | -211.2% |
| 2012 | -2.54 billion | -199.5% |
| 2013 | -2.50 billion | -1.3% |
| 2014 | -2.12 billion | -15.2% |
| 2015 | 2.13 billion | -200.4% |
| 2016 | -1.21 billion | -156.5% |
| 2017 | -790.28 million | -34.4% |
| 2018 | -1.22 billion | +54.7% |
| 2019 | -1.96 billion | +60.1% |
| 2020 | 1.59 billion | -181.4% |
| 2021 | -2.60 billion | -263.0% |
| 2022 | 1.40 billion | -154.0% |
| 2023 | 759.94 million | -45.9% |
Libya compared with similar countries
- Libya's 759.94 million is above the median for upper middle income countries, which is -19.88 million. (54 countries reporting)
- Libya's 759.94 million is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 605.53 million, 1.3× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 240.91 million | -1.71 billion | 2.01 billion | 5 |
| 2010s | -995.12 million | -2.54 billion | 2.55 billion | 10 |
| 2020s | 289.97 million | -2.60 billion | 1.59 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 net errors and omissions, net (credits less debits), adjusted using in Libya?
- Net errors and omissions, net (credits less debits), adjusted using in Libya was 759.94 million in 2023, according to International Monetary Fund.
- What is the highest net errors and omissions, net (credits less debits), adjusted using recorded in Libya?
- The highest recorded value was 2.55 billion in 2011.
- What is the lowest net errors and omissions, net (credits less debits), adjusted using recorded in Libya?
- The lowest recorded value was -2.60 billion in 2021.
- How does Libya rank for net errors and omissions, net (credits less debits), adjusted using?
- Libya ranks 38th out of 197 countries with data for 2023.
- Is net errors and omissions, net (credits less debits), adjusted using rising or falling in Libya?
- Over the last ten years it is up 130.3%. 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 Net errors and omissions, Net (credits less debits), Adjusted using IMF accounting records (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.